Housing and Urban Development (HUD) is working to help people struggling to keep up with FHA insured mortgage payments due to COVID-19 until July 31st, 2021. Currently, there are 194 FHA borrowers in Topeka. Anyone with a Federal Housing Administration (FHA) insured mortgage who can’t pay their mortgage because of financial struggles due to COVID-19, can ask for mortgage payment relief (forbearance). Mortgage forbearance is when you have worked with your mortgage servicer to temporarily pause or reduce your monthly mortgage payments.
Until July 31st, 2021, individuals with a FHA mortgage can ask their mortgage servicer to temporarily pause or reduce their monthly mortgage payments. Due to the COVID-19 pandemic, all homeowners with FHA insured loans can ask for forbearance without any penalty. When working with your mortgage servicer:
- State that you are having a hardship related to COVID-19. You are not required to provide documentation of this hardship.
- Request COVID-19 forbearance for your mortgage payments.
- Ask your servicer to confirm the details of your forbearance agreement in writing.
You are eligible for FHA’s COVID-19 forbearance (mortgage relief) if:
- Your mortgage is insured by the Federal Housing Administration (FHA).
- You can’t make your payments because you were affected by COVID-19.
If you have a reverse mortgage, also known as a Home Equity Conversion Mortgage, you should contact your mortgage servicer for options available to you.
If you are unsure if your loan is insured by FHA? You can find this information on your mortgage statement or you can call the FHA Resource Center at 1-800-CALL FHA (1-800-225-5342) or email answers@hud.gov.
You can find more information on FHA mortgage relief on the HUD website at https://www.hud.gov/coronavirus/resources_for_homeowners