Less than 900 applications available for home principal reduction program

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Special to the News Bulletin
Published: Wednesday, October 2, 2013 at 11:37 AM.

TALLAHASSEE — The Florida Hardest-Hit Fund Principal Reduction program’s application process is entering its final stretch with less than 900 spaces available. Florida homeowners can apply before the process closes.

The federal government allocated funding to help eligible Florida homeowners who owe at least 125 percent more on their home than its current market value. The program will provide up to $50,000 to an eligible homeowner to help reduce the first mortgage’s principal balance.

The application process will close after 25,000 applications have been received.

Homeowners interested in applying should visit www.principalreductionFLHHF.org and click the "Start Now" button to begin.

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