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Eligibility Questionnaire

Question (1 of 10)
  • Is your county accepting applications in this cycle?

    The Loan Refinance Assistance Pilot Project is only available to homeowners in select Counties. Please review the Availability Schedule to determine if your county is accepting applications. Applications may only be submitted in counties which are open.

    Yes   No
  • Do you currently own your home?

    The LRAPP Program is only available to homeowners that have a mortgage. The program is not available to renters.

    Yes   No
  • What is the original loan amount of the first mortgage on your home?

    The original loan amount is the amount financed for your first mortgage. This does not include delinquent interest and/or late charges you may owe.

    $499,000 or less   $500,000 or more
  • What is the approximate loan to value of your home?

    The LRAPP Program is specifically designed for homeowners that have negative equity, or are "underwater" in their homes. The value in the field below represents the value of your home, based on information from Zillow.com. It is just an estimate and does not necessarily take into account unique features or characteristics of your home or neighborhood. Applicants for the program will have their home values assessed through a Current Market Analysis (CMA) before an offer is made and a Broker's Price Opinion (BPO) before a loan is finalized. That value will inform program eligibility and the short sale offer amount, if one is made. If you have had a recent appraisal or current market analysis and the amount differs from Zillow, you can enter the amount the Appraised Value field.

    At least 20% less than unpaid principal balance   20% or more of the unpaid principal balance
  • What is the combined monthly income of those listed on the mortgage?

    To be eligible for the LRAPP Program, homeowners must be earning enough income to support a new mortgage that is based on the current market value of the home. However, homeowners must not earn more than 150% of Statewide Median Income.

  • Have you experienced a verifiable hardship that has resulted in the inability to pay your current mortgage?

    The LRAPP Program is specifically designed to support homeowners that have recovered from a financial hardship. A typical hardship is a reduction in household income due to unemployment, underemployment, reduced pay or hours, decline in business earnings, death, disability, or divorce from a borrower or coborrower.

    Yes   No
  • Is your home a one unit, single family residence that is not a condominium?

    To be eligible for the LRAPP Program, the property must be a one unit, single family residence.

    Yes   No
  • Is your home your primary residence?

    To be eligible for the LRAPP 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
  • Did you purchase your home through a land sale contract, or is your mortgage with an individual (private party)?

    Homeowners that purchased their home through a private land sale contract, or with a first lien that is a home equity line of credit will be ineligible for the LRAPP Program.

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

    To be eligible for the LRAPP Program, homeowners may not own any other residential real property. This includes vacation homes or rentals.

    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 LRAPP program comes from the Troubled Asset Relief Program (TARP), and is subject to the Dodd-Frank Act >> , which prohibits applicants with certain types of felonies from receiving assistance.

    Yes   No

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