Deadline for homeowner's mortgage reduction application fast app - WFXG FOX 54 - News Now

Deadline for homeowner's mortgage reduction application fast approaching

Underwater Georgia; Source: Georgia Department of Community Affairs Underwater Georgia; Source: Georgia Department of Community Affairs
AUGUSTA, GA (WFXG) -

The opportunity for homeowner's mortgage reduction will end shortly.

The Georgia Department of Community Affairs (DCA) is offering the state administered, federally funded program Underwater Georgia. Underwater Georgia provides an opportunity for Georgia homeowners who owe more on their mortgage than their homes are worth, to apply for mortgage reduction assistance. Applicants that prove eligible for the assistance program may able to receive up to $50,000 to reduce the principal balance on the home.  

Eligible recipients will meet the following minimum requirements:

  • The property must be the applicant’s primary residence (and only home) and purchased prior to January 1, 2012
  • The total amount owed on all mortgages on the home must be less than $250,000 and mortgage payments must be current or less than 90 days past due
  • The total gross household income must not exceed 140 percent of the Area Median Income (AMI)
  • The property must have a total loan to value (LTV) ratio of at least 110 percent
  • The homeowner cannot have previously received assistance through HomeSafe Georgia

The application, requirements and information on Underwater Georgia can be found at www.underwatergeorgia.org. The deadline to apply is Oct. 18 at 11:59 p.m. and it is free of charge. Customer service representatives are also available everyday, 24 hours per day, at 1-877-519-4443 until the close of the application deadline. 

Copyright 2016 WFXG. All rights reserved.

  • Local NewsMore>>

  • Engineers of tomorrow compete in regional Future City Competition

    Engineers of tomorrow compete in regional Future City Competition

    Saturday, January 20 2018 5:02 PM EST2018-01-20 22:02:26 GMT

    This year’s Future City Competition celebrated its 25th anniversary while bringing 45 middle school teams together to research and design a solution to a city-wide challenge.

    More >>

    This year’s Future City Competition celebrated its 25th anniversary while bringing 45 middle school teams together to research and design a solution to a city-wide challenge.

    More >>
  • Local government agencies and officials respond to government shutdown

    Local government agencies and officials respond to government shutdown

    Saturday, January 20 2018 4:26 PM EST2018-01-20 21:26:50 GMT
    Source: WFXG FileSource: WFXG File

    The U.S. is facing its first government shutdown since 2013 due to Congress and the President failing to reach a funding agreement. The shutdown will cause many non-essential personnel to be placed on furlough and not go into work on Monday.

    More >>

    The U.S. is facing its first government shutdown since 2013 due to Congress and the President failing to reach a funding agreement. The shutdown will cause many non-essential personnel to be placed on furlough and not go into work on Monday.

    More >>
  • New information: Richmond Co. Sheriff deputy stabbed; suspect in custody

    New information: Richmond Co. Sheriff deputy stabbed; suspect in custody

    Saturday, January 20 2018 3:06 PM EST2018-01-20 20:06:30 GMT
    Sgt. Chris Masters is recovering after being stabbed while responding to a domestic dispute.Sgt. Chris Masters is recovering after being stabbed while responding to a domestic dispute.

    RICHMOND COUNTY, GA (WFXG) - Richmond County Sheriff's Officials say one of their own is recovering after being stabbed during a domestic dispute Friday night.  Ten year veteran, Sgt. Chris Masters was responding to a call at the corner of Meadbrook and Dahlia Drive around 8:15 p.m. According to the report, a male suspect stabbed Masters in the arm and then fled the scene, but was apprehended a short time later. Masters had to be transported to AUMC and was taken into the ...

    More >>

    RICHMOND COUNTY, GA (WFXG) - Richmond County Sheriff's Officials say one of their own is recovering after being stabbed during a domestic dispute Friday night.  Ten year veteran, Sgt. Chris Masters was responding to a call at the corner of Meadbrook and Dahlia Drive around 8:15 p.m. According to the report, a male suspect stabbed Masters in the arm and then fled the scene, but was apprehended a short time later. Masters had to be transported to AUMC and was taken into the ...

    More >>
Powered by Frankly