Unexpected events can happen at any time and may have a large impact if you’re a homeowner. Mortgage relief offers assistance to homeowners in need of aid on their mortgage which can ease some financial burdens.
The American homeowner relief program was created to protect homeowners from perils such as loss of utilities, foreclosure and other risks that can put homeowners' place of dwelling in jeopardy. These perils may come about due to economic reasons, loss of employment, medical debt and more.
Relief options may include but are not limited to:
To qualify, the home you apply for must be your primary residence. State requirements may differ, however most states require proof of income at or below the median income level.
The balance of the mortgage must be below $548,250 and the amount received in your stimulus package will vary per state.
Once you’ve qualified for a mortgage stimulus, funds may be used for:
If you need mortgage relief, consider speaking with your mortgage lender to get details on your state's relief package and what’s needed for your household to qualify.
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