What is "fha-secure"

FHA-Secure was a Federal Housing Administration refinancing program to help borrowers avoid foreclosure. It is similar to other FHA loan.

FHASecure was a refinancing option that gives homeowners with non-FHA adjustable rate mortgages (ARMs), current or delinquent and regardless of reset status, the ability to refinance into a FHA-insured mortgage. With FHASecure, the lender will not automatically disqualify you because you are delinquent on your loan, and the lender may offer you a second mortgage to make up the difference between the value of your property and what you owe.