FHA Short Refinance Option Now Available

September 16, 2010



FHA Short Refinance Option Now Available
In an effort to help responsible home owners who owe more on their mortgage than the value of their property, HUD is providing an additional refinancing option for underwater borrowers. The FHA Short Refinance option is targeted to help people who owe more on their mortgage than their home is worth because their local markets saw large declines in home values. For more information on this new program, read the FHA's mortgagee letter.



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