Government program can prevent foreclosure
Your home doesn't have to be in foreclosure to apply
The Hardest Hit Fund programs are available in: California, Michigan, Ohio, Arizona, North Carolina, Alabama, Georgia, Florida, Rhode Island, Indiana, Illinois, Kentucky, New Jersey, Mississippi, Nevada, Oregon, South Carolina, Tennessee, and Washington DC. The terms of the mortgage assistance program vary from state to state, but the method of application is the same.
First, you must consult with a credit counselor, which has been approved by your state's housing agency. The counselor will then take all your financial and personal hardship information and act as a mediator between you and the housing finance agency (HFA).
Guidelines for Hardest Hit Fund financial help with mortgage payments:
Unemployment or underemployment
Going through divorce or some other financial hardship like illness
Can own more than one house and still get mortgage help
Need moving assistance to more affordable housing
Funding to eliminate second mortgage lien loans
Help with affordable mortgage modification
Your house doesn't have to be in foreclosure to apply
- IRS 1040 completed forms
- All notifications and communications from your bank or mortgage lender
- Bank statements
- Copy of mortgage agreement statements
- Property tax and insurance records
- Personal hardship statement
About the government program, Hardest Hit Funds: help with mortgage payments does not occur overnight, so the sooner you apply, the better off you will be.