Homeowners in DC have access to a mortgage relief program, but just for a little while longer.
The DC Housing Finance Agency's (DCHFA) HomeSaver program offers up to $60,000 to homeowners unable to keep up with their mortgage payments. To be eligible for the program, homeowners must be unemployed, underemployed, or otherwise enduring some economic hardship that has made them delinquent on their payments and vulnerable to foreclosure.
The grants can take the form of a lump sum that makes the homeowner current and/or ongoing payments. Applications close on May 14th.
For the unemployed and underemployed, the grants can cover up to 16 months of delinquent mortgage payments and condo/HOA fees, and/or 11 months of those payments and fees moving forward, for a maximum of 24 months or through December 2021. For those experiencing financial hardship and need a lump sum to get current on their payments, "Restore Assistance" can be used to cover any homeownership-related charges that could put the homeowner at risk of foreclosure.
This article originally published at http://dc.urbanturf.com/articles/blog/dc-aid-program-for-homeowners-with-economic-hardship-closes-soon/18208
Most Popular... This Week • Last 30 Days • Ever
Here's what you need to know about reporting profit made from the sale of your home.... read »
A final look for the year at the DC neighborhoods where home values rose the most thi... read »
Residential development in this jurisdiction-straddling neighborhood got a major kick... read »
With two additional museums authorized as part of the Smithsonian system, a forthcomi... read »
Another hotel in the DC area will bite the dust to make way for the new development.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
A Tysons development has the area's five tallest buildings on the boards.... read »
Homeowners will be able to expedite the ADU approval process with two options for one... read »
A rezoning may be in the works for the AutoZone site.... read »
The priciest condo to ever sell in DC just closed last week, nearly a month after the... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro