A NON-PROFIT 501 (C) (3) ORGANIZATION

A HUD APPROVED HOUSING COUNSELING AGENCY

300 S. DUNCAN AVE. SUITE 120, CLEARWATER, FLORIDA  33755

 

TELEPHONE 888 279-0941 * FAX 888 278-4329

HOUSING SERVICES OF CENTRAL FLORIDA

Please Follow These Steps to Meet the

Housing Counseling and Education Requirements for This Program

  1.  1.    Sign up for the on-line education with e-home America. Please follow this link

  2. 2.    Complete our "Homebuyer Counseling" Application. You will find it under our                                        tab. OUR ON-LINE APPLICATION IS CURRENTLY BEING UPDATED PLEASE DO NOT COMPLETE THIS STEP. 
  3. 3.   Send an e-mail to admin@hsocf.org  Subject Line: Back-to-work.   With your name, telephone number, and 3 dates/times when we can conduct the required counseling. Set aside approximately 45 minutes for the counseling session.  Payment must be received before requesting counseling session.
  4. **Please note that our organization does not receive any funding for this program, in order to cover our costs there is a $99.00 charge for the class and a $75 charge for the counseling session. 
  5.                        If you need more information, please call us at 888 279-0941

The following excerpt is from HUD's Mortgagee Letter 2013-26

Back to Work - extenuating Circumstances

 

FHA is continuing its commitment to fully evaluate borrowers who have experienced periods of financial difficulty due to extenuating circumstances.

As a result of the recent recession many borrowers who experienced unemployment or other severe reduction reductions in income, were unable to make their monthly mortgage payments, and ultimately lost their homes to a pre-foreclosure sale, Deed-In-Lieu, or foreclosure. Some borrowers were forced to file for bankruptcy to discharge or restructure their debts. because of these recent recession-related periods of financial difficulty, borrowers' credit has been negatively affected.  FHA recognizes the hardships faced by these borrowers, and realizes that their credit histories may not fully reflect their true ability or propensity to repay a mortgage.

To that end, FHA is allowing for consideration of borrowers who have experienced an Economic Event AND can document that:

  • certain credit impairments were a result of a Loss of Employment or a significant loss of Household Income beyond the borrower's control:
  • the borrower has demonstrated full recovery from the event; and,
  • the borrower has completed housing counseling
 

Housing Counseling is an important resource for both first-time homebuyers and repeat home owners.  Housing counseling enables borrowers to better understand their loan options and obligations, and assist borrowers in the creation of and assessment of their household budget, accessing reliable information and resources, avoiding scams, and being better prepared for future financial shocks, among other benefits to the borrower.