Help with paying mortgage and foreclosure assistance help in Texas.
There are a few ways to get mortgage help as well as to locate foreclosure assistance. Financial aid as well as counseling, mediation are more is available in all areas of Texas including Dallas and Houston. Not only is their mortgage help offered, but residents can also find information on other assistance programs in Texas that can provide some form of assistance with paying other bills.
In addition to the other mortgage assistance programs referenced on this site as well as listed below, 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, and the mortgage needs to have been originated prior to 2008 (with exceptions made on occasion).
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 in Texas that are having difficulty paying their mortgages will be eligible to refinance into a new, lower interest rate home 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. Call a non-profit HUD counseling agency for more information.
General Texas mortgage program requirements
Any applicant will need to contact your lender or mortgage servicer to determine eligibility, but they may be eligible for foreclosure prevention help if, among other factors, the following have been satisfied.
- The home the the resident lives in is their primary residence, and they must have no other ownership interest in any other residential property, such as second homes.
- The homeowner’s existing mortgage was originated on or before January 1, 2008 and they have paid at least six mortgage bills.
- The applicant is not able to pay their existing mortgage bills without some type of financial 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.
- The state of Texas resident needs to certify that they have not been convicted of any type of fraud within the past 10 years, that they have not intentionally defaulted on debts or bills; and that they did not willingly or knowingly provide material false information to obtain their 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 as well as lender on a home loan payment plan. Much of the support is available from local partners across Texas. More on Texas foreclosure prevention resources.
Referrals from Texas Department of Housing and Community Affairs
Note that the Texas Department of Housing and Community Affairs (TDHCA) does not provide their own foreclosure prevention counseling or any other related services. However there are other non-profit agencies in the region that can offer mortgage assistance to borrowers of all backgrounds, income levels, and races. 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 funds from this service are limited and go on a first come-serve basis. The objective is to help thousands of homeowners who may have been issued sub-prime or illegal loans from the lender. More on Bank of America in Texas and Countrywide mortgage help.
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. In addition to that resource 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 a 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. Much of the support they give is also free. 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, low interest rate loans, 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 as well as Harris County area homeowners. A number of non-profit organizations operate in the region, and can help people by offering loan modifications, free mediation services and other forms of financial aid. Read more on foreclosure prevention in Houston.
Organizations and non-profits in Texas
Dozens of non-profit agencies, housing counselors, and other organizations have partnered with the state of Texas as well as 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. Any resident of the county (or region) will 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 Dallas Fannie Mae mortgage help and their 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 that live 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.