Who qualifies for mortgage principal reduction program?

Principal Reduction Program Qualifications

Are you up side down by at least 25%?
Do you have 45% Debt to Income ratio?
Do you have income?

if your answers are "yes", we can help you
"eliminate" your negative equity,
reduce your montly payment and mortgage principal!

Who qualifies for our principal reduction program?

Florida Principal Reduction and its fund partners are proud to introduce principal reduction program to homeowners. We understand that most homeowners are having difficult time to keep current with their payments or having to pay for mortgage that over the current value.

Everyone who meets the qualifications, regardless if homeowners are current or currently behind with their payment, is eligible for mortgage principal reduction program.

Who Qualifies?

Homeowner Must be upside down by at least 25%
Homeowner Must have 45% Debt-To-Income Ratio on new proposed loan
Homeowner Must be able to prove income*
*12 months bank statements will be considered proof of income.

What do you need to get started?

Mortgage Reduction News

Two new Mortgaage Reduction Programs - Fast Pitch Press (press release)

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Citigroup Home Loan Modification And Mortgage Reduction Plans Bring Lower ... - Red, White, and Blue Press (blog)

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Obama: $3B More Will Help Jobless, 'Hardest Hit' from Foreclosure - eCreditDaily.com

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Foreclosure Relief: Good for Banks, Lousy for Borrowers - DailyFinance

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A Revival of the Homebuyer Tax Credits? - The Washington Independent

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