Mortgage Relief Programs for COVID-19

There’s no doubt COVID-19 has caused much panic for homeowners in the industries most impacted by the pandemic. If COVID-19 has caused job loss, income reduction, sickness, or other issues for your family, relief is available to you as a homeowner.

If you cannot make your mortgage payment due to COVID-19, please contact your current mortgage servicer.

  • Homeowners impacted by this national emergency are eligible for a forbearance plan to reduce or suspend their mortgage payments for up to 12 months.
  • Homeowners in a forbearance plan will not incur late fees.
  • Credit bureau reporting of past-due payments by homeowners in a forbearance plan (as a result of hardships attributable to this national emergency) is suspended.
  • After forbearance, a servicer must work with the homeowners on a permanent workout option to help maintain or reduce monthly payment amounts as necessary, including a loan modification.
  • Foreclosure sales and evictions of homeowners are suspended for 60 days.

Here are some helpful resources for those impacted by COVID-19:

  • For FHA Loans: Contact the National FHA Resource Center at 800-CALL-FHA

Remember… we’re all in this together. And together, we will rise.

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