Foreclosures

Alabama launches federal foreclosure assistance program

(02/04/2011) As part of the federal government's efforts to help millions of consumers nationwide avoid losing their homes to foreclosure, the state of Alabama recently launched a program that will help unemployed residents make their mortgage payments.

The Alabama Housing Finance Authority is now accepting applications from unemployed consumers for a mortgage assistance program that will grant them as much as $15,000 for up to a year to make home loan payments and avoid foreclosure, according to a report from the Gadsden Times. This effort is part of the federal government's Hardest Hit Fund, which gave $162 million to the state.

Consumers may also be able to avoid foreclosure with a refinance. By using the latest online rate tables to find the best local rates, they may be able to reduce their monthly mortgage bills.

The program could help as many as 10,000 families in the state, the report said. To qualify, applicants must have a household income of no more than $75,740, and an unpaid mortgage balance of less than $258,690. For families with more than one source of income, couples can still qualify even if only one person has lost his or her job, as long as it is under the limit.

 

 

Fannie Mae & Jumbo Mortgage Rates

Just One Click! = Current Rate Chart

Pennsylvania Mortgage Rates Current Mortgage Rates - Hawaii Current Mortgage Rates - Alaska West Virginia Mortgage Rates Virginia Mortgage Rates District of Columbia Mortgage Rates Maryland Mortgage Rates Delaware Mortgage Rates New Jersey Mortgage Rates Connecticut Mortgage Rates Rhode Island Mortgage Rates Massachusetts Mortgage Rates New Hampshire Mortgage Rates Vermont Mortgage Rates New Hampshire Mortgage Rates Maine Current Mortgage Rates Vermont Mortgage Rates Current Mortgage Rates - New York Current Mortgage Rates - Michigan Current Interest Rates - Wisconsin Current Mortgage Rates - MINNESOTA Ohio Mortgage Rates Current Mortgage Rates - Kentucky Current Mortgage Rates - Indiana Illinois - Current Mortgage Rates Current Mortgage Rates - Iowa Missouri Mortgage Rates Current Mortgage Rates - North Carolina South Carolina Mortgage Rates Current Mortgage Rates - Florida Current Mortgage Rates - Georgia Current Mortgage Rates - Tennessee Current Mortgage Rates - Alabama Current Mortgage Rates - Mississippi Current Mortgage Rates - Louisiana Current Mortgage Rates - Arkansas Current Mortgage Rates - Oklahoma Current Mortgage Rates - TEXAS Current Mortgage Rates - New Mexico Current Mortgage Rates - Arizona Current Mortgage Rates - Kansas Current Mortgage Rates - Nebraska Current Mortgage Rates - Colorado Current Mortgage Rates - Wyoming South Dakota Mortgage Rates Current Mortgage Rates - North Dakota Current Rates - Montana Idaho Current Rates Washington Mortgage Rates Current Mortgage Rates - Oregon Current Mortgage Rates - Utah Current Mortgage Rates - Nevada Current Mortgage Rates - California

Start by selecting your state

Other related articles:

Federal foreclosure assistance program falls short of goals

MARS rule offers down-to-earth foreclosure, modification scam protection

Foreclosures increased in third quarter of 2010

Obama's HAMP misses modification goals, federal program out of steam

Foreclosure myths debunked

 

 

 

 

 

Refinance at Today's Low Rates!

 

 

Personalized Refinance Quotes

 

Get the Updated and Improved Mortgage Rates App from ERATE.com

iPad for Mortgage Rates

Get the Updated and Improved Mortgage Rates App from ERATE.com

ERATE iPhone App - iTunes

FREE Mortgage Rate Widgets
Your State's Rates or National Rates
Get this Widget for any State you want