FHASecure: Working hard for your homeownership

The Federal Housing Administration has helped millions of Americans secure their dream of homeownership since 1934. FHA provides mortgage insurance on loans made by FHA approved lenders throughout the United States and its territories.

FHA insures mortgages on single family, multifamily, manufactured homes and healthcare facilities. It is the largest government backed mortgage insurer.

WHAT IS FHASecure
FHASecure is a refinancing option that gives credit-worthy home-owners, who were making timely mortgage payments before their loans reset but are now delinquent, a second chance with a FHASecure insured first mortgage and an uninsured second held by the lender. 

WHO IS ELIGIBLE
To qualify for FHASecure, and include the delinquent loan payments, homeowners wishing to refinance must meet the following requirements:

• Have a non-FHA insured ARM that has reset
• Sufficient income to make the mortgage payment
• History of on-time mortgage payments before the loan reset

Homeowners current on their existing conventional mortgage must have sufficient income to pay the FHASecure monthly payment, but lenders may defer payments on the uninsured second mortgage.

By refinancing into a FHA insured mortgage, homeowners can expect to pay lower monthly mortgage payments. FHASecure can improve the quality of life for many communities by helping to reduce the number of foreclosures and bring greater stability to local housing markets.

HOW TO APPLY
Search online for your nearest FHA approved lender, or for more information phone 1-800-CALL-FHA (1-800-225-5342).

Additional Information
Search faq.fha.gov. Our online knowledge base helps you find answers 24/7, or read our FAQs for Homeowners and Lenders.