$600 Million Fund Available to Help Florida Residents Struggling to Save Their Homes

Mortgage Assistance (1)

More than 24,000 people have applied for help through the Florida Homeowner Assistance Fund program so far, with several hundred Florida homeowners already receiving funding. For registration on Florida Homeowner Assistance Fund Program, visit their official site. For more information call 833-987-8997 or email [email protected]. South Florida Congresswoman, Lois Frankel, along with other lawmakers held a news conference this week to raise awareness for the program.

For more information on getting a grant and also learning about refinance programs, access our database & search engine here.

“We’re going to talk about how we can help people — homeowners who are struggling to pay their mortgage, their utilities, their insurance, and even their broadband,” said Rep. Lois Frankel of District 21.

To be eligible, homeowners must meet certain eligibility requirements:

  • Own a one- to four-unit residence that is their primary residence
  • Have experienced financial hardship after Jan. 21, 2020 (including a hardship that began before then but continued after that date) (Qualifying hardships are unemployment, underemployment (loss of income), death of an occupying spouse or co-borrower, or an increase in certain expenses directly related to COVID-19)
  • Have incomes less than or equal to 150% of the area median income or 100% of the U.S. median income, whichever is greater
  • Funding will be prioritized to ensure assistance is delivered first to the most vulnerable homeowners (targeting incomes of 100% or less of area median income)

“My family and I have been through so much in the past few years. Excuse me, falling behind the mortgage due to loss of income,” Monica Figueroa, a Florida homeowner said to WESH. “Thank goodness, they have the program and they were able to help me save my home because we’ve been there for 13 years and we have so many memories, so I’m overjoyed,”

Eligible properties include:

  • Single-family (attached or detached) properties
  • Condominium units
  • One to four-unit properties where the homeowner is living in one of the units as their primary residence
  • Manufactured homes permanently affixed to real property and taxed as real estate
  • Mobile homes not permanently affixed to real property.

For more information on getting a grant and also learning about refinance programs, access our database & search engine here.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
en_USEnglish