Tuesday, February 1, 2011

Florida Hardest-Hit Fund Program (HHF)



New! Florida Hardest-Hit Fund Program Announced to Help Troubled Homeowner’s.

Florida Hardest-Hit Fund Program(HHF)created as foreclosure prevention assistance program that provide temporary assistance to eligible homeowners

Two programs available:

Unemployment Mortgage Assistance Program (UMAP)

Loan funds can be used to pay monthly mortgage and escrowed mortgage-related expenses (i.e., property taxes, homeowner insurance, and mortgage insurance) until the homeowner can resume payments or for up to 18 months, whichever occurs first.

Mortgage Loan Reinstatement Payment Program (MLRP)

Loan funds can be used to bring the past-due first mortgage current; up to four months will be paid.

Homeowners who qualify for financial assistance may receive up to 18 months of monthly mortgage payments and/or funds to pay past due mortgage payments to bring the mortgage current; these funds are paid directly to the loan servicer/lender.

You must meet all eligibility requirements to be considered for the program. Please review all criteria prior to applying for HHF assistance.

The web-based application process for Florida Hardest-Hit Fund financial assistance opened for Lee County homeowners on Monday, October 25. In the meantime, for a complete list of all requirements click here

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