Owe more on your home than it’s worth?
We may be able to help.
What does ‘underwater’ mean?
Being underwater (also known as having negative equity) means you owe more on your home than it is currently worth. Homeowners with significant negative equity are locked into their homes, which may prevent a needed refinance or ultimately result in the homeowner abandoning the home.
We may be able to help.
For eligible applicants, HomeSafe Georgia’s Underwater Program provides up to $50,000 in a one-time payment to the lender to reduce the principal balance to obtain as close as possible, a total 100% loan to value.
Interested? Take the next step.
UPDATE
As of midnight on Tuesday, Oct. 18, 2016, the Underwater Georgia pre-application period has ended. Any pre-applications received after 11:59 p.m. ET will be considered after all pre-applications received between Sept. 28 and Oct. 18 have been processed. Pre-applications will continue to be accepted until funds are exhausted. However, given the number of pre-applications received and the limited funds available, we expect that we have received more initial pre-applications than we have funding to help.