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Foreclosure Prevention Program

Program Overview


Residents struggling to pay their mortgage can now apply for foreclosure prevention funds through the City of Cape Coral.  With a maximum award of $10,000 per household, this initiative aims to assist homeowners who are facing ongoing economic challenges. To qualify for assistance, applicants must be at least one month behind in mortgage payments and have no foreclosure proceedings initiated by the lender. 

Eligible hardships include: 

  • loss of employment
  • sudden medical expenses
  • divorce or separation
  • unforeseen expenses or home repair bills. 
  • large increase in the amount of mortgage payment because of terms of adjustable loan
  • escrow payments increase due to increase in insurance and taxes
To be eligible for assistance, applicants’ annual income must match the income guidelines chart. The property must not be in foreclosure, and must be homesteaded, with a maximum value of $481,176. Applicants must be U.S. citizens or legally registered aliens and complete counseling from a HUD-certified agency. 

Applicants must complete counseling from a HUD-Certified and approved agency trained in foreclosure prevention counseling. To apply for foreclosure prevention counseling with Habitat for Humanity of Lee and Hendry Counties, Inc, click here

Applicants must provide evidence, such as steady income, including paystubs or other sources of income, that demonstrates their ability to resume making monthly payments after the assistance is provided. This evidence must also include an explanation of how the hardship has been overcome and a budget plan approved by the counseling agency. To apply for Foreclosure Prevention funds, click here