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Broward County Cities consolidated plans and/or annual action plans will contain information about funding programs that some cities may offer. Review your city's plan to learn if there is a funding program available.
For additional information about these programs, visit Broward County's Housing Finance and Community Development Division web site or call 954-357-4900.
House Price Calculator
-calculate the projected sale price of your home using the Federal Housing Finance Agency (FHFA) purchase-only house price index for all states.
Housing Market Summary
-National, regional, state, metropolitan and local data collected by U.S. Department of Housing and Urban Development.
-National and regional existing home sales prices and volume statistics, pending home sales index, housing affordability index and metropolitan median home prices and affordability, all collected by the National Association of Realtors.
Federal Housing Administration (FHA) Refinance for Borrowers with Negative Equity (FHA Short Refinance) is designed to help homeowners refinance into more affordable, more stable FHA-insured mortgage. Call (877) 622-8525 for information.
Home Affordable Foreclosure Alternatives (HAFA) Program provides two options for transitioning out of your mortgage: a short sale or a Deed-in-Lieu (DIL) of foreclosure. In a short sale, the mortgage company lets you sell your house for an amount that falls "short" of the amount you still owe. In a DIL, the mortgage company lets you give the title back, transferring ownership back to them.
Home Affordable Refinance Program (HARP) assists in securing new, more affordable/stable mortgage. HARP refinanced loans require a loan application and underwriting process, and refinance fees will apply. For information about Fannie Mae visit www.KnowYourOptions.com or call (800) 732-6643. For information about Freddie Mac visit www.FreddieMac.com or call (800) 373-3343.
Home Affordable Modification Program (HAMP) helps financially struggling homeowners avoid foreclosure by modifying loans to a level that is affordable for borrowers now and sustainable over the long term.
- FHA Home Affordable Modification Program (FHA-HAMP). Call (877) 622-8525 for information.
- Military homeowners who are permanently displaced by a job-related move may qualify for a HAMP mortgage modification. Contact your loan servicer and ask if they participate in the program. Or call (888) 995-4673 for a housing counselor.
- USDA Special Loan Servicing provides relief to rural homeowners. Call your loan servicer for information.
- Veteran's Administration Home Affordable Modification (VA-HAMP). Call (877) 827-3702 for information.
- Read Fannie Mae's "Implementing the Fannie Mae Home Affordable Modification Program (HAMP)"
Home Affordable Unemployment Program (UP) program may help reduce mortgage payments to 31 percent of your income or suspend them altogether for 12 months or more. Call (888) 995-4673 for more information
Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HHF) provides aid for homeowners in states hit hardest by the economic crisis. State housing finance agencies have used the fund to develop programs that stabilize local housing markets and help families avoid foreclosure. Click here for all Housing Authorities in Broward County.
Mortgage Forgiveness Debt Relief Act and Debt Cancellation Generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
Principal Reduction Alternative (PRA) encourages mortgage servicers and investors to reduce amount of underwater home loans.
Reverse Mortgage for Seniors a special type of Department of Housing and Urban Development (HUD) home loan that lets a homeowner convert the equity in his/her home into cash. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more. If you are interested in a reverse mortgage, beware of scam artists that charge thousands of dollars for information that is free from HUD.
Second Lien Modification Program (2MP) works in tandem with HAMP to provide comprehensive solutions for homeowners with second mortgages to increase long-term affordability and sustainability. If the servicer of your second mortgage is participating, they can evaluate you for a second lien modification. Program ends December 31, 2013. Call (888) 995-4673 for information.
Water/Sewer Connection Program
provides financial and technical assistance to low and moderate eligible homeowners for rehabilitation of substandard dwellings. The assistance is used to make home repairs on single family owner-occupied properties.
The Weatherization Assistance Program (WAP)
annually provides grant funds to community action agencies, local governments, Indian tribes and non-profit agencies to provide specific program services for low-income families of Florida. These entities provide program services throughout the state.
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