See If You Qualify For the Indiana Hardest Hit Fund.
Homeownership is hard, especially when you experience a hardship. Don’t fall victim to a foreclosure prevention service scam, contact HOPE of Evansville and see how we can assist you.
On July 1, 2018, the Indiana Hardest Hit Fund program will be reopened. This is for Indiana homeowners who have suffered a hardship on or after January 1, 2015. This hardship must have resulted in an involuntary loss of employment or reduction in employment income. This will be a one-time reinstatement only assistance for eligible Indiana homeowners for up to $30,000. Homeowners must be able to make their current mortgage payments but be unable to pay their past-due balance.
Borrower Eligibility requirements:
- Be an Indiana homeowner
- Own only one mortgaged home and currently reside in that home
- Have past-due mortgage payments because of an involuntary employment-related financial hardship such as a previous job layoff that occurred on or after Jan. 1, 2015
- May also include loss of income for borrowers who (a) served on active duty and were released due to a service-connected illness or injury or (b) were in the National Guard or Reserves and were called to active duty
- Be able to make current mortgage payments, but unable to pay the past-due balance
- An annual gross household income equal to or less than $150,000
- An unpaid principal balance of first lien mortgage no more than $453,000
- A current front-end debt-to-income ratio of 38% or below
If you currently meet any of the above criteria please call HOPE of Evansville for more information about preventing the foreclosure of your home.
HOPE of Evansville provides Foreclosure Prevention services to Vanderburgh, Warrick, Posey, Gibson, Pike, Dubois, Spencer and Perry Counties in Indiana