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VA Home Loan Centers Launches Homeowners Action Services (HASsm)

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HASsm program offers foreclosure options to vets

As the name implies, HAS is all about action in helping veterans refinance and avoid foreclosure

San Diego, CA (PRWEB) May 30, 2012

VA Home Loan Centers (VA-HLC) has launched a new service to assist eligible homeowners with VA home loans who are facing financial loss when selling their primary-residence homes, as well as those facing foreclosure as a result of the drop in home values. VA Home Loan Centers new Homeowners Action Services sm (HAS) program can also help homeowners refinance and lower their payments.

HASsm helps veterans, active duty military and their families stay in their homes by offering several mortgage payment-reduction plans, or help them sell their property – even if they do not have equity in their homes.

“As the name implies, HASsm is all about action in helping veterans refinance and avoid foreclosure,” said Phil Georgiades, managing director of VA-HLC. “The much-publicized debt-relief programs being talked about right now, like principal reduction and other modifications, are confusing and not always easy to qualify for. We’ve launched HASsm as a one-stop resource to help veterans fully understand the options available to them, guiding them through the process and achieving the best result.”

HASsm offers several refinance options for homeowners with owner-occupied VA home loans, including interest rate reduction and refinance programs for veterans, active-duty military and their families even if they do not currently have a VA loan.

Georgiades added, “One of the many benefits of using HASsm through VAHLC is that you have the option of skipping two mortgage payments as part of your refinance package.”

Veterans who no longer live in the home they own can qualify for several non-foreclosure options. These include grants, subsidies or short sales.

The grants are available to certain veterans who owe more than what their property is worth and have been relocated by the military. The grants pay off any lender loss, real estate commissions, closing costs and related seller expenses.

Those who do not qualify for a grant may receive a subsidy to pay any mortgage debt, closing costs and delinquent mortgage payments.

“VAHLC provides free processing and counseling for all these options,” adds Georgiades. “HASsm is about action; and we’re here to help our veterans, active-duty military and their families. They deserve nothing less.”

For more information about how VA-HLC can help with a VA loan, refinancing or foreclosure avoidance contact VA Home Loan Centers.

About VA-HLC / VA Home Loan Centers (

VA-HLC is a one-stop resource to help veterans, active-duty military and their families fully understand the options available to them, guiding them through the process and achieving the best result.

VA Home Loan Centers is a qualified lender of mortgage loans to United States Veterans. The VA loan program helps veterans, active and former duty military, and certain spouses of wounded, M.I.A. or K.I.A. United States service personnel achieve the ultimate American dream: home ownership. Services provided by VA Home Loan Centers include real estate representation such as VA loan short sale processing, purchase assistance and VA loan application processing. VA Home Loan Centers offers beneficial loans to all eligible veterans and their families. It is easier to qualify for a loan through VA Home Loan Centers than other loan programs because they offer higher front-end and debt ratios as well as the no down payment, no closing costs option (VA no/no).

To apply for a VA loan, call 888-573-4496 or visit the VA Home Loan Centers web site here.

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