Property/Loan Eligibility. Criteria The homeowner must currently occupy the property as his/her primary residence and it must be located within the state of Michigan. Homeowners must execute all Hardest Hit Funds application and closing documents. Eligible structures to include single-family, attached or detached, or manufactured homes on a permanent foundation attached to real property; 1- 4 unit properties are eligible if one unit is primary residence of homeowner. Existing mortgage loan balance must be equal to or less than $729,250.
Property/Loan Eligibility. Criteria The homeowner must currently occupy the property as their primary residence, and the residence must be located within the state of Alabama. Eligible structures include single-family homes, attached or detached, and manufactured housing attached to real property. Existing mortgage loans on the property must have an unpaid principal balance totaling no more than $258,691. Alabama HHF will be available only for mortgages executed and recorded on or before September 1, 2010.
Property/Loan Eligibility. Criteria Home is currently owner-occupied and serves as the borrower’s primary residence. If vacant, homeowner must be able to prove that they moved due to extenuating circumstances and that the home was most recently used as a primary residence – not an investment property. Borrowers with a second lien will also be considered for the Second Mortgage Reduction Plan program.
Property/Loan Eligibility. Criteria The subject property must be a one unit, single family, owner- occupied, primary residence and be located in Oregon. The unpaid principal balance of the borrower’s first lien mortgage cannot exceed the Federal Housing Administration loan limit, as effective on October 1, 2011, for the county in which the subject property is located.
Property/Loan Eligibility. Criteria The subject property must be an owner-occupied, primary residence unless the borrower has relocated in the last 24 months, and provides documentation that the property was such borrower’s primary residence prior to relocation and satisfies certain other qualifying criteria. The unpaid principal balance of the borrower’s first lien mortgage cannot exceed $350,000 unless certain qualifying conditions are met. In no instance can the unpaid principal balance of the borrower’s first lien mortgage exceed $729,750. The subject property must be a one-unit, single-family residence (including condominiums and townhomes) located in Oregon,
Property/Loan Eligibility. Criteria Properties must be single family detached one or two-unit owner-occupied residences located in Ohio. Must be first mortgage debt on the property and such debt must be less than the highest FHA maximum loan amount among all Ohio counties.
Property/Loan Eligibility. Criteria Existing single-family homes or condominiums (attached or detached) including manufactured homes (permanently affixed to a foundation on real estate owned by the borrower and taxed as real property). Owner-occupied, primary residences located in Georgia, with total unpaid principal balance of all mortgages on subject property less than or equal to the current GSE conforming amount. Mortgage must be held by a Lender or Servicer licensed in the state of Georgia or exempt from state licensing due to federal regulatory oversight.
Property/Loan Eligibility. Criteria The subject property must be an owner-occupied, primary residence and be located in Oregon. The mortgage has substantial negative equity. The unpaid principal balance of the homeowner’s first lien mortgage cannot exceed $499,000. Loans must be purchased at or below appraised market value of the home. Loans can only be purchased if the lender/servicer has discounted the price of the loan by at least 10 percent of the current unpaid principal balance.
Property/Loan Eligibility. Criteria The property must be the borrower’s principal residence; additional property criteria must be met as well which include: • Unpaid principal balance equal to or less than GSE loan limits • Property must be owner-occupied • Primary mortgage must be delinquent by at least 2 payments • Program payments must go toward a first mortgage • Mortgage(s) must be purchase money or refinanced (no cash out mortgage) • Single family dwelling (1 to 4 units)
Property/Loan Eligibility. Criteria One to four unit owner-occupied primary residences located in Ohio, including condominiums. Manufactured homes are eligible only if the mortgage is recorded as real property and the home is permanently affixed to the land. To qualify for modification with principal reduction assistance, must have a loan to value ratio of 115% or more.
