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Hardest Hit Fund

The Hardest Hit Fund is a federal loan program established in 2010 that provides up to $12,000 over six months to unemployed or underemployed homeowners struggling to make mortgage payments. In Florida, only 12% of the program’s applicants have been approved. The No. 1 reason for not qualifying? Having an adequate job. Other disqualifying reasons include making too much money, being too late on mortgage payments or having a principal balance over $400,000.

Florida homeowners who applied for money from the Hardest Hit Fund
(as of Jan. 6)

» Applications submitted - 36,426

» Completed applications - 24,197

» Ineligible homeowners - 10,336

» Canceled applications - 7,539

» Approved for the program - 4,487

» Approved by mortgage servicer and application closed - 3,389

» Completed and exited the program - 364

» Homeowners who finished the program and received assistance - 152

Source: Florida Housing Finance Corp.