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Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income. Who may apply for this program? A number of factors are considered when determining an applicant’s eligibility for Single Family Direct Home Loans.

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A VA IRRRL or VA Streamline Refinance – A simple, streamlined refinance of an existing VA loan into a lower interest rate & monthly payment. A VA Cash-out Refinance – A refinance of a non-VA mortgage or a refinance of an existing VA Loan which allows the borrower to receive cash back from the equity of the property.

Search for a property listing in Florida. Curious about Florida foreclosures? Bank of America’s Real Estate Center ® is a great place to begin your search for Florida bank-owned homes. Your real estate agent and mortgage loan officer can help you understand the loan solutions available when purchasing a foreclosed home in Florida.

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