If you're an Orlando homeowner facing financial distress, you have options to avoid foreclosure and stay in your home. Act quickly to explore these paths and determine which ones you're eligible for. HomeLeafs is not a lender and does not earn money from your borrowing decisions, so we can provide unbiased guidance on the best courses of action.
Based on federal consumer protection law and HUD/CFPB public guidance · Last reviewed July 2026
The Direct Answer
Orlando homeowners in financial distress can seek help from the Homeowner Assistance Fund (HAF), a federal program that provides financial assistance to eligible homeowners. The HAF program can help with mortgage payments, property taxes, and other expenses.
To qualify for HAF, you'll need to meet certain income and debt requirements, which vary by state and locality. In Florida, for example, the income limit for HAF is 150% of the area median income, and you'll need to be at least 30 days delinquent on your mortgage payments to be eligible.
Do not sign any agreements with for-profit companies promising to save your home without first consulting a HUD-approved housing counselor or an attorney specializing in foreclosure prevention.
Homeowner Assistance Fund (HAF)
The HAF program is a federal initiative designed to help homeowners avoid foreclosure. To apply, you'll need to contact your state's housing finance agency, which in Florida is the Florida Housing Finance Corporation. They'll guide you through the application process and determine your eligibility.
Eligibility Requirements
Income limit: 150% of the area median income
Delinquency: At least 30 days delinquent on mortgage payments
Primary residence: The property must be your primary residence
Local Non-Profit Assistance
In addition to the HAF program, there are local non-profits in Orlando that offer financial assistance and counseling to homeowners in distress. These organizations may provide grants, loans, or other forms of aid to help you catch up on mortgage payments or pay for other expenses.
Examples of Local Non-Profits
Orlando Neighborhood Improvement Corporation
Central Florida Community Land Trust
Florida State Programs
The state of Florida also offers programs to help homeowners in financial distress. For example, the Florida Hardest-Hit Fund provides financial assistance to homeowners who are struggling to pay their mortgages due to unemployment or underemployment.
Program Details
Eligibility: Unemployed or underemployed homeowners
Assistance: Up to $50,000 in financial assistance
Foreclosure Prevention Options
If you're facing foreclosure, there are several options you can explore to avoid losing your home. These may include loan modifications, short sales, or deed-in-lieu of foreclosure agreements. It's essential to consult with a HUD-approved housing counselor or an attorney specializing in foreclosure prevention to determine the best course of action for your situation.
Loan Modification Example
Let's say you have a mortgage with a balance of $200,000 and a monthly payment of $1,500. If you're struggling to make payments, you may be able to negotiate a loan modification that reduces your monthly payment to $1,200. This could save you $300 per month and help you avoid foreclosure.
Get Personalized Guidance
Contact a HUD-approved housing counselor or an attorney specializing in foreclosure prevention to determine the best course of action for your situation. They can help you explore your options and create a plan to avoid foreclosure.
What is the income limit for the Homeowner Assistance Fund in Florida?
The income limit for the Homeowner Assistance Fund in Florida is 150% of the area median income. This limit may vary depending on the location and the number of people in your household. You should contact your state's housing finance agency to determine the exact income limit for your area.
Can I apply for the Homeowner Assistance Fund if I'm current on my mortgage payments?
No, the Homeowner Assistance Fund is designed for homeowners who are delinquent on their mortgage payments. You'll need to be at least 30 days delinquent to be eligible for the program. If you're current on your payments, you may want to explore other options, such as a loan modification or a short sale.
What is the difference between a loan modification and a refinance?
A loan modification is a change to the terms of your existing mortgage, such as a reduction in the interest rate or monthly payment. A refinance, on the other hand, involves replacing your existing mortgage with a new one, often with a lower interest rate or better terms. Both options can help you avoid foreclosure, but they have different implications for your credit score and financial situation.
Can I sell my home if I'm facing foreclosure?
Yes, you may be able to sell your home if you're facing foreclosure. This is known as a short sale, and it involves selling your home for less than the outstanding mortgage balance. You'll need to negotiate with your lender to accept the short sale, and you may need to pay taxes on the forgiven debt. It's essential to consult with a real estate agent and an attorney to determine the best course of action for your situation.