In which county is your home located?

The Loan Refinance Assistance Pilot Project is only available to homeowners in Crook, Deschutes, Jackson, Jefferson, and Josephine Counties. These counties were selected for the project because they are the five Oregon counties that were hit hardest by a combination of negative economic factors, including: property depreciation, foreclosure and unemployment.

Crook/Deschutes/Jackson/Jefferson/Josephine County

Other

Do you currently own your home?

The LRAPP Program is only available to homeowners in Crook, Deschutes, Jackson, Jefferson, and Josephine Counties that have a mortgage. The program is not available to renters.

Yes

No

Is your home owned by either Fannie Mae or Freddie Mac?

Most mortgages are owned by an investor who is different than the bank or servicer that collects monthly payments. Two of the largest mortgage investors are Fannie Mae and Freddie Mac. The LRAPP Program is currently unavailable to homeowners whose loans are owned by Fannie Mae or Freddie Mac, due to internal guidelines from federal regulators. OHSI continues to engage in discussions about these policies at a national level, and will post any new announcements on this website and to newsletter subscribers. TIP: You can find out if your mortgage is owned by Fannie Mae or Freddie Mac by using their online lookup tools..

Fannie Mae

Freddie Mac

Other

Is your mortgage serviced by Bank of America, Wells Fargo, U.S. Bank, Chase (JP Morgan), or Washington Federal Savings Bank?

The LRAPP Program is currently unavailable to homeowners whose loans are serviced by Bank of America, Wells Fargo, U.S. Bank, Chase (JP Morgan), or Washington Federal Savings Bank. This is due to the bank's internal guidelines that restrict major components of the LRAPP Program. OHSI is working with servicers in an attempt to address these issues, and will post any new announcements on this website, and to subscribers of the newsletter.

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.

>Unsure of the value of your home? click here to use our helpful tool>>

This form will help estimate if you meet the qualification for the LRAPP program based on the estimated value of your home compared to the existing balance of your mortgage.

Estimated balance on your existing loan::
Property street address::
City::
State::
Zip::
Appraised Home Value (Leave blank to use Zillow's estimate)::
Zillow's estimated home value::

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.

Select what applies...... 1 person $67,050 and below 1 person $67,051 and above 2 people $76,650 and below 2 people $76,651 and above 3 people $86,250 and below 3 people $86,251 and above 4 people $95,850 and below 4 people $95,851 and above 5 people $103,350 and below 5 people $103,351 and above 6 people $111,150 and below 6 people $111,151 and above 7 people $118,800 and below 7 people $118,801 and above 8 people $126,450 and below 8 people $126,451 and above N/A

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 co?borrower.

Yes

No

Is your home a one unit, single family residence or condominium?

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

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

Is your first lien mortgage a home equity line of credit (HELOC)?

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 precludes homeowners with certain types of felonies from receiving assistance.

Yes

No