Current Happenings


Current Happenings

HARP has been EXTENDED until September 30, 2017.

Did you purchase your home prior to May 1, 2009?
Are you currently experiencing a hardship with your first mortgage?
Have you seen a HARP Commercial but unsure if it applies to you?
Were you denied a HARP modification in the past?
Are you interested in utilizing a program that on its way out the door as of December 2016?

You have questions and R.E.A.C.H. has your answers. In 2009, HARP allows borrowers with little to no equity to obtain assistance in refinancing their property. When you have little to no equity in your home, or “under water” it can be a long tedious task to attempt a refinance. However, if you have been current on their mortgage and have Fannie Mae or Freddie Mac loans – there is a solution that’s considered music to your ears. It’s called HARP. No, not the musical instrument, however once you hear the amazing things this program can do – it might as well be. HARP has also been extended several times and will now expire on September 30, 2017. Don’t miss out, reach out. We’re here to help.

The HARP program has helped over 3 million homeowners.

The following was taken directly from the HARP home page. “HARP—the Home Affordable Refinance Program—was created by the Federal Housing Finance Agency specifically to help homeowners who are current on their mortgage payments, but have little to no equity in their homes, refinance their mortgage – that is, they owe as much or more than their homes are currently worth – are eligible for a HARP refinance.

If you got your mortgage loan at a bank, credit union or mortgage company, it may be owned by Fannie Mae or Freddie Mac. If so, you could qualify for HARP refinancing and you could save thousands with a lower rate or other more favorable terms. No minimum credit score is required and closing costs can be bundled into the new loan so you don’t need much cash up front.”

Florida Hardest Hit has been extended to 2020

FL_HardestHitWhen the Florida Hardest Hit was created, the Fund was originally designated to provide $7.6 billion in targeted aid to 18 states to help balance the matters that took place in 2007-2009 throughout major stated effected due to the housing market. The goal of the fund foreclosure prevention and neighborhood stabilization solutions. As of the third quarter of 2015, the Hardest Hit Fund has distributed approximately $4.5 billion of the program’s original $7.6 billion which assisted nearly a quarter of a million homeowners. Recent announcement will bring $1 billion into the Housing Finance Agencies including designating $77,896,538 to Florida homeowners. Homeowners who are delinquent on the first mortgage at the time they qualify for several programs including unemployment, underemployment, death and divorce. In addition up to $18,000 can be paid towards any past due payments. This assistance is crucial for some clients, and just the “reset” button they need to get back on track.  Allow up to be the gateway for your modification assistance.

REACH out -We’ll R.E.A.C.H. back!!

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