Are You Eligible for Texas Homeowner Assistance?
If you’re a homeowner in Texas facing financial challenges with your mortgage, property taxes, insurance, or association fees since January 21, 2020, the Texas Homeowner Assistance Fund (TXHAF) might offer relief. To qualify, there are specific conditions you must meet.
Firstly, your household income should be at or below 100% of the Area Median Income (AMI) or the U.S. median income, whichever is higher. Secondly, you must own and reside in your Texas home as your primary dwelling, with the mortgage in your name, not a business entity’s.
If you’re eligible and can sustain your mortgage payments post-assistance, TXHAF will cover the total past-due amount to reinstate your mortgage. However, if you can’t afford future payments even with assistance, the program not only reinstates your mortgage but also offers up to three months of payment aid.
For homeowners exiting forbearance, TXHAF assistance is accessible. It’s crucial to avoid duplicate payments for the same expense during the same period. Additionally, the maximum mortgage loan at origination must align with the conforming loan limit for single-family residences or other relevant criteria.
To sum up, Texas homeowners encountering pandemic-related financial strain can explore TXHAF support if they meet the eligibility requirements. Seeking guidance from a housing counselor or visiting the program’s website can provide clarity on eligibility and application processes.
