In order to qualify for HAFA these requirements must be met:
- Property is a primary residence
- Owner is delinquent or about to be delinquent on their mortgage
- The mortgage loan is a first lien mortgage originated on or before January 1, 2009
- The current unpaid principal balance is equal to or less than $729,750
- The owners total monthly mortgage payment exceeds 31% of their gross income
We recommend you call your lender and ask to participate in the HAFA program.
