Opportunity For Homeowner Assistance Available in Illinois

Homeowners Assistance

The Illinois Housing Development Authority (IHDA) has stated that beginning April 11, the Illinois Homeowner Assistance Fund (ILHAF) will provide homeowner assistance to homeowners who have fallen behind on mortgage payments and other housing obligations due to the COVID-19 outbreak.

For more information on getting a grant and also learning about refinance programs, take a look at this.

This program provides direct financial assistance to prevent mortgage delinquencies, defaults, displacements, delinquent homeowners/condominium/co-op association fees, delinquent homeowner’s insurance and/or flood insurance, delinquent mobile home lot rent, and foreclosures for income-eligible homeowners experiencing pandemic-related hardships. Assistance will be paid directly to the mortgagor’s loan servicer, taxing body, or other approved entity on behalf of the homeowner.

To qualify for ILHAF assistance, Illinois homeowners must have experienced a financial hardship due to the COVID-19 pandemic after Jan. 21, 2020 (including a hardship that began before Jan. 21, 2020, but continued after that date). They also must currently own and occupy their home in Illinois as their primary residence, be at least 30 days late on their monthly housing payments, and have a household income at or below 150% of the area median income. 

There will be videos and webinars available to help make the application process go more smoothly. The webinars will be offered in two languages: English and Spanish. To learn more about ILHAF, attend the Foreclosure Prevention Webinar. This 90-minute foreclosure prevention education workshop provides insight into the foreclosure process, loan modification options, mediation, forbearance, housing counselor assistance, and mortgage assistance grant programs. These are Zoom-based online courses presented by a live instructor. A HUD-Certified Housing Counselor is also available for one-on-one sessions at NHS. The NHS Housing Counselor will discover and pursue the best solutions to help you get back on track and avoid foreclosure throughout these sessions. 

For more information on getting a grant and also learning about refinance programs, take a look at this.

For more information and to stay up-to-date, visit the Effingham County Case Manager at the Effingham Public Library Monday through Thursday, 9 a.m. to 1 p.m.

Christopher Charles spent 6 years in the mortgage industry before moving into the world of digital media. He's helped thousands of families buy and refinance real estate at banks and mortgage companies and now continues that mission through industry-leading content. Chris is known for his expertise in the mortgage & real estate industry and continues to produce content all over the web.

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