OHSI
Contact   |   Site Map  

Current Application Cycle:
Opened on: February 8 at Noon..
Apply by: February 14 at Noon.

 Eligibility Questionnaire 

Question (1 of 10)
  • Do you currently own your home?

    The Loan Preservation Assistance program is only available to homeowners that have a mortgage. The program is not available to renters.

    Yes   No
  • In what county is your home located?

    The Loan Preservation Assistance program is currently available statewide to homeowners residing in the counties in the list below.


  • Is your home your primary residence?

    To be eligible for the Loan Preservation Assistance program, homeowners must currently live in their homes. It is acceptable to have renters within the home, but the homeowners must currently reside in the home.

    Yes   No
  • Is your home a single-family, detached residence?

    To be eligible for the Loan Preservation Assistance program, your home must be a single-family, detached residence. Condominiums and townhomes are not eligible for this program.

    Yes   No
  • Did you purchase your home through a private land sale contract or individual private party?

    Homeowners that currently have their home financed through a private land sale contract or individual private party are not eligible for the program.

    Yes   No
  • Is your first mortgage a home equity line of credit (HELOC)?

    To be eligible for the Loan Preservation Assistance program, your first mortgage must not be a home equity line of credit (HELOC).

    A second mortgage or subsequent mortgages are not considered for assistance. Only your first mortgage will be considered for assistance.

    Yes   No
  • Do you own any other residential real property?

    To be eligible for the Loan Preservation Assistance program, homeowners may not own any other residential real property. This includes vacation homes or rentals. Timeshares are not considered to be other residential real property.

    Yes   No
  • Are you currently in active bankruptcy?

    To be eligible for the Loan Preservation Assistance program, homeowners may not be in active bankruptcy.

    Yes   No
  • Have you been convicted of: (A) felony larceny, theft, fraud or forgery, (B) money laundering, or (C) tax evasion in connection with a mortgage or real estate transaction within the last 10 years?

    Funding for OHSI and the Loan Preservation Assistance program comes from the Troubled Asset Relief program (TARP), and is subject to the Dodd-Frank Act » , which precludes homeowners with certain types of felonies from receiving assistance.

    Yes   No
  • Is your gross monthly income to housing expense (principal, interest, taxes, insurance and association fees (if applicable)) ratio less than or equal to 45%?

    Housing expense ratio is the ratio of the total monthly mortgage payment (principal, interest, taxes insurance and association fees (if applicable)) to the total monthly gross (before tax) income. Please note that unemployment benefits received cannot be included or considered in total monthly gross income. For example: An applicant has a total monthly mortgage payment of $600 and has a total monthly gross income equal to $2,000 making the housing expense ratio 30%. That is $600 ÷ $2,000 X 100 = 30%.

    Yes   No
  • Have you previously received Loan Reinstatement benefits as a participant in the MPA or MPA-U program?

    Loan Reinstatement provided assistance to MPA and MPA-U participants who had a reinstatement of $5,000 or less. MPA and MPA-U participants who received this assistance are not eligible for Loan Preservation Assistance program.

    Yes   No

  •    
  •    |   
  • Copyright © 2017 OHSI
  •    |   
  •    
  •