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News/Updates
FHASecure Fact Sheet - Refinance Options
YOU WORKED HARD FOR HOMEOWNERSHIP
The Federal Housing Administration has helped millions of Americans secure their dream of homeownership since
1934.
FHA provides mortgage insurance on loans made by FHA approved lenders throughout the United States and its
territories. FHA insures mortgages on single family, multifamily, manufactured homes and healthcare facilities. It is
the largest government backed mortgage insurer.
WHAT IS FHASecure
FHASecure is a refinancing option that gives credit-worthy homeowners, who were making timely mortgage
payments before their loans reset but are now in default, a second chance with a FHA insured loan product.
WHO IS ELIGIBLE
To qualify for FHASecure, and include the delinquent loan payments, homeowners wishing to refinance must meet
the following requirements:
1. Have a non-FHA insured ARM that has reset;
2. Sufficient income to make the mortgage payment; and
3. A history of on-time mortgage payments before the loan reset.
Homeowners who are current on their conventional mortgages must have sufficient income to make the mortgage
payment. By refinancing into a FHA insured mortgage, you can expect to pay lower monthly mortgage payments.
FHASecure can improve the quality of life for many communities by helping to reduce the number of mortgage
defaults and bringing greater stability to local housing markets.
YOU WORKED HARD FOR HOMEOWNERSHIP
The Federal Housing Administration has helped millions of Americans secure their dream of homeownership since
1934.
FHA provides mortgage insurance on loans made by FHA approved lenders throughout the United States and its
territories. FHA insures mortgages on single family, multifamily, manufactured homes and healthcare facilities. It is
the largest government backed mortgage insurer.
WHAT IS FHASecure
FHASecure is a refinancing option that gives credit-worthy homeowners, who were making timely mortgage
payments before their loans reset but are now in default, a second chance with a FHA insured loan product.
WHO IS ELIGIBLE
To qualify for FHASecure, and include the delinquent loan payments, homeowners wishing to refinance must meet
the following requirements:
1. Have a non-FHA insured ARM that has reset;
2. Sufficient income to make the mortgage payment; and
3. A history of on-time mortgage payments before the loan reset.
Homeowners who are current on their conventional mortgages must have sufficient income to make the mortgage
payment. By refinancing into a FHA insured mortgage, you can expect to pay lower monthly mortgage payments.
FHASecure can improve the quality of life for many communities by helping to reduce the number of mortgage
defaults and bringing greater stability to local housing markets.