New FHA Secure Mortgage Program FloridaAre you eligible ? The FHA has launched a new program called "FHA Secure" to allow florida homeowners with good credit history, but who cannot afford their current payments, to refinance into FHA-insured mortgages and the Federal Housing Administration's mortgage insurance program will be changed to allow more people to refinance with FHA insurance if they fall behind on adjustable-rate mortgages. It's a new loan program called FHA Secure aimed at helping Florida borrowers refinance their adjustable-rate mortgages -- even if they are currently in default. Who is eligible for the FHA Secure program ? - homeowners that have fallen behind on
their adjustable rate mortgage due to the "adjustments" or "reset" of
their interest rate. 3 thirty day lates are allowed starting 4/14/2008. - homeowners whose mortgage balance is below $ 579,947 ( loan amount limits vary geographically ) - the interest rate being refinanced must have been scheduled to reset between June 2005 and December 2009. - homeowners have to show a history of sustained employment and prove sufficient income to make the new, reduced FHA Secure loan payment. How can a Florida homeowner benefit from the FHA Secure program ? : - avoid foreclosure - lower, fixed rate payments with no prepayment penalty - all closing costs, fines and late fees can be included If you are a Florida homeowner affected by a
reset of your adjustable mortgage as described above call or apply
immediately. Prime Lend America
is a federal approved lending institution with underwriters experienced
in manual subsidy underwriting required for the FHA Secure mortgage
program. Call today !! 1-877-US-PRIME 1-877-877-7463
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