Must I be delinquent, and for a certain period of time, in order to be eligible for FHASecure?
Although FHA Secure is limited to borrowers who are delinquent, if you are current on your mortgage, you can still refinance into a standard FHA insured mortgage and, if willing, the lender can offer a second mortgage to help bridge the gap between what is owed and your home’s value. FHA encourages homeowners facing reset to refinance before they fall behind on their mortgage.
