Help with paying mortgage and foreclosure assistance help in Texas.

There are a few ways to get mortgage help and locate foreclosure assistance. Aid is available in all areas of Texas including Dallas and Houston. You can also find information on other assistance programs in Texas that can help you with paying other bills.

In addition to the other mortgage assistance programs referenced on this site, the state of Texas is really pushing the Hope for Homeowners program. This is a program that is for people who are at risk of losing their home due to foreclosure and/or default. The program will provide those struggling with a new, 30-year, fixed rate mortgages that is insured by the Federal Housing Administration (FHA). This will ensure that homeowners that are having difficulty paying their mortgages will be eligible to refinance into a new, lower interest rate mortgage loan that they can afford to pay over the long term. Hope for Homeowners is voluntary program that both lender(s) and homeowner(s) must agree to participate in for it to be successful.

General Texas mortgage program requirements

You need to contact your lender or mortgage servicer to determine eligibility, but you may be eligible for mortgage help if, among other factors:

  • The home you live in is your primary residence, and you must have no other ownership interest in any other residential property, such as second homes.
  • Your existing mortgage was originated on or before January 1, 2008 and you have paid at least six mortgage bills.
  • You are not able to pay your existing mortgage bills without some type of aid.
  • As of March 2008, the total monthly mortgage payments you are making need to be greater than 31 percent of your gross monthly income.
  • You need to certify that you have not been convicted of any type of fraud within the past 10 years, that you have not intentionally defaulted on debts or bills; and that you did not willingly or knowingly provide material false information to obtain your existing mortgage(s).
  • Call Texas Department of Housing at 1-800-525-0657 to learn about various programs.

 

 

 

 

Foreclosure counseling from NFMC

The National Foreclosure Mitigation Counseling (NFMC) Program has partnered with the organizations in Texas to help homeowner. Together they will provide free counseling, and also work with the homeowner and lender on a home loan payment plan. More.

Note that the Texas Department of Housing and Community Affairs (TDHCA) does not provide their own foreclosure prevention counseling and related services. However there are other non-profit agencies in the region that can offer mortgage assistance. Whether it is a loan modification or other option that may be available to a struggling Texas homeowner, it is recommended to dial the Homeownership Preservation Foundation at 1-888-995-4673.

Bank of America / Countrywide mortgage assistance

Countrywide/Bank of America announced additional mortgage assistance for Texas. The objective is to help thousands of homeowners who may have been issued sub-prime or illegal loans from the lender. More.

Also, the funds promised by Countrywide for Texas families have begun to be distributed. The money will help residents in Texas that need foreclosure assistance and it will also compensate those who Countrywide and Bank of America took advantage of by issuing risky loans. Money can even help people pay for or move into a new home or apartment.

Homeowner counseling in Texas

There are many federal government certified housing counseling agencies available to homeowners who are behind on their mortgage or who have a foreclosure filing. If your income supports it, then the services may be provided to you at no cost. Find information on Texas HUD approved agencies.

 

 

 

For homebuyer assistance in Texas, such as information on fixed interest rate mortgage loans, there are resources available. These may include down payment and/or closing cost assistance, and mortgage credit certificates. Call 800-792-1119.

Houston Texas agencies

Locate information on agencies, counselors, and foreclosure assistance programs that focus their resources on Houston and Harris County area homeowners. A number of non-profit organizations operate in the region, and can help people by offering loan modifications, mediation services and other aid. Read more.

Organizations and non-profits in Texas

Dozens of non-profit agencies, housing counselors, and other organizations have partnered with the state of Texas and federal government programs to offer homeowners a list of comprehensive foreclosure assistance programs. Many of the services are provided at no cost to qualified borrowers. Learn more on Texas foreclosure prevention.

Dallas and Tarrant County mortgage programs

Several non-profit housing agencies as well as Fannie Mae provide free foreclosure and mortgage assistance programs to struggling homeowners in the greater Dallas County region. You have the ability to meet face to face with a HUD certified counselor to explore all options and solution that you may have. Read more on the services.

Tarrant County has a population of almost two million. To help support the large number of homeowners in this area, national lender JP Morgan Chase has also opened a mortgage help center to focus on families and individuals in this part of Texas. A wide variety of foreclosure prevention, counseling and mortgage delinquency programs and solutions will be provided to homeowners in the area by JP Morgan Chase. Learn more on mortgage help from JPMorgan.

 

 

 

 

 

 

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