Program Interactions with Other Programs (e g. other HFA programs) Homeowners who have participated in the Mortgage Payment Program (MPP) or the Second Mortgage Refinance Program (SMRP) may be eligible to participate in PRRLE if the borrower has become reemployed or secured other source(s) of fixed income and has demonstrated a qualifying hardship. Maximum total assistance amount per household is $75,000 if participating in multiple HHF programs.
Program Interactions with Other Programs (e g. other HFA programs) MHC expects that some borrowers will come out of the National Foreclosure Mitigation Counseling program, which program is not funded with HHF funds.
Program Interactions with Other Programs (e g. other HFA programs) The Program’s Reinstatement Benefit will operate in conjunction with the Mortgage Payment Assistance program.
Program Interactions with Other Programs (e g. other HFA programs) Homeowners who participate in the Mortgage Payment Program (MPP) may be eligible to participate in SMRP if the borrower has the ability to resume first mortgage payment yet second mortgage payment remains unaffordable. Eligible delinquent borrowers will be brought current with MPP One- Time Reinstatement if necessary and then are eligible for SMRP. Homeowners struggling with unaffordable mortgage payments may be eligible to participate in the Principal Reduction Recast/Lien Extinguishment for Unaffordable Mortgages Program and SMRP program to achieve an affordable mortgage payment. Maximum total assistance amount per household is $75,000 if participating in multiple HHF programs.
Program Interactions with Other Programs (e g. other HFA programs) MEP will interact with NCHFA’s MPP-1, MPP-2, and SMRP in the following manner. At the time NCC assesses the borrower for eligibility under MEP, if it finds that the borrower is not eligible for MEP it will then assess whether the borrower is eligible for MPP-1, MPP-2 and/or SMRP assistance. If the borrower is eligible for MPP-1, MPP-2 and/or SMRP, the application and approval process will be completed in the manner prescribed by NCHFA. Homeowners who have participated in the Mortgage Payment Programs may be eligible to participate in MEP if the borrower has become reemployed or secured other source(s) of fixed income and has demonstrated a qualifying hardship. Maximum total assistance amount per household is $75,000 if participating in multiple HHF programs.
Program Interactions with Other Programs (e g. other HFA programs) Borrowers may participate in other components, as long as the borrower meets the eligibility criteria of each component and combined total assistance received from all of the components does not exceed the lesser of: (a) the maximum household assistance of $100,000 or (b) the amount necessary to bring the outstanding mortgage balance to an amount as close to a 100% LTV ratio as the amount of per-household assistance will permit except as applied to 5(a).
Program Interactions with Other Programs (e g. other HFA programs) The DAP Program will take advantage of an existing infrastructure of participating lenders who are already actively originating both first mortgage and down payment assistance loans as part of Kentucky’s current homebuyer loan programs. If the borrower has received HHF assistance under any other HHF program, the maximum amount of all assistance may not exceed $45,000.
Program Interactions with Other Programs (e g. other HFA programs) N/A
Program Interactions with Other Programs (e g. other HFA programs) The Xxxxxx Program will most likely not interact with Florida’s other current HHF programs.
Program Interactions with Other Programs (e g. other HFA programs) This Program will interact with: • Direct Loan Assistance Program - Households that are delinquent at the time monthly assistance begins may be eligible for direct assistance to help with any capitalized arrearage that exists. • HAMP Assistance Program - Households successfully coming out of the Program may be eligible for HAMP Assistance to obtain a permanent modification. • Property Disposition Assistance Program - Households that are not self-supporting after exhausting allowable funding under this Program may be eligible for the Property Disposition Assistance Program.
