Many people have heard of the FHA short refinance option touted by the FHA called 'Hope For Homeowners'. While the loan modification remains the most likley workout option for homeownesr facing foreclosure, there is also hope that the FHA loan refinances for lower principal reductions will pick up in 2009. Stay tuned for more of the latest and greatest news on Hope For Homeowners.
FHA Florida Refinances are also on the rise. This can include a principal reduction through the FHA loan program in Florida.