Hope For Homeowners

The HOPE for Homeowners program (H4H) has been unveiled to assist homeowners at risk of foreclosure. The HOPE for Homeowners program will refinance mortgages for borrowers who are having difficulty making their payments, but can afford a new loan insured by HUD’s Federal Housing Administration (FHA).

“For families struggling to keep up with their mortgage payments, this program will be another resource to refinance into a loan they can afford,” said HUD Secretary Steve Preston. “FHA remains a safe and affordable alternative to the high-priced mortgage loans that threaten homeowners’ ability to retain their homes. We strongly encourage borrowers to work with their lenders to determine if HOPE for Homeowners is the right program for them.”

To Whom It May Concern . . . You’ve Not Been Saved by H.R. 5140

The good news is that there’s relief for thousands of Americans struggling to keep their homes amidst our historic foreclosure epidemic. The bad news is that millions may not be helped and you may be one of them. Because of your particular circumstance, you have either already lost your home or you don’t qualify under FHA (Federal Housing Administration) guidelines. So, where does your hope come from? It comes from learning the rules of the financing game in order to create your own action plan.