Do you owe more on your mortgage than your home is worth? A new, limited-time, federally funded state initiative called Underwater Georgia (www.underwatergeorgia.org) may be able to help.
For eligible applicants, Underwater Georgia may be able to provide a one-time payment of up to $50,000 to reduce the principal balance on your home.
From now until Oct. 18, visit www.underwatergeorgia.org to determine if you may qualify and begin a pre-application. Because demand for the program is expected to far surpass total resources available, Underwater Georgia will operate through a random third-party selection process. Once funds have been exhausted, the program will close.
To qualify, homeowners must meet several criteria about how long they’ve owned the home, total mortgage balance and loan to value ratio, total household income and assets, and other factors. Applicants cannot have previously received assistance through HomeSafe Georgia.
Don’t miss this limited-time opportunity to see if you qualify. Visit www.underwatergeorgia.org today.