Florida Hardest-Hit PRP

The federal government has allocated funding to the State of Florida to help address the significant mortgage-related challenges experienced by many homeowners. Florida Housing Finance Corporation (Florida Housing) is using a portion of these funds specifically for a principal reduction program that provides assistance to eligible homeowners who have remained current on their payments and who owe at least 125% more on their home than its current market value, commonly referred to as the home being “underwater.”

The Florida Hardest-Hit Fund Principal Reduction (HHF-PR) program is designed to assist eligible homeowners by providing up to $50,000 to reduce the principal balance of the first mortgage, thereby reducing the loan-to-value (LTV) of the first mortgage to no less than 100%. This is done to help effectuate a recast of the mortgage, which lowers the monthly payment to better correspond to the market value of the home. HHF-PR assistance is paid directly to the loan servicer/lender for those homeowners deemed eligible to participate in the program.

To find out if you qualify for assistance, please visit the HHF-PR official website at https://PrincipalReductionFLHHF.org to review eligibility criteria and to apply; please use Referral Code 12571 when completing your application. For further questions, contact the Florida Hardest-Hit Fund Toll-Free Information line at 1-(877) 863-5244, Monday-Friday, 9:00 a.m. – 5:00 p.m.

DMCC is an approved HHF-PR Advisor Agency. After reviewing HHF-PR program benefits/guidelines and eligibility criteria on the official website, you may contact us for an appointment at toll-free 866-261-9509 or via email to hhf@dmcconline.org.

Additional Information and Resources

Florida Hardest-Hit Fund Website (PRP) >YOU MUST ENTER Referral Code: 12571 on application form to be assigned to DMCC

Florida Hardest-Hit Fund FAQ (PRP)