Worried about keeping your home due to COVID-19?
Has COVID-19 made it difficult to pay your mortgage? The federal government is offering temporary relief, called forbearance, to homeowners with certain mortgage loans. These homeowners may be eligible to delay making monthly mortgage payments temporarily. To see if you’re eligible, visit fhfa.gov. Some private mortgage companies are also offering relief to consumers affected by COVID-19.
To enroll in any of these special relief programs, contact your mortgage company. You will not automatically be enrolled in these programs. It may be helpful to check your mortgage company’s website first. Some have a digital self-enroll function available. Forbearance does not relieve you of your loan obligation. You will still need to pay back the amount of the loan at some point.
For more information and free assistance from a local nonprofit, contact the Minnesota Homeownership Center at 651-659-9336 or visit hocmn.org.