Mortgage Stimulus for Homeowners in Each State Explained – Can You Get Up to $80,000?
Homeowners struggling to pay their mortgage and other bills can get help thanks to federal funds.
The American Rescue Plan Act set aside stimulus money for states to help people at risk of losing their homes.
This is known as the Homeowner Assistance Fund (HAF), which provides nearly $10billion for states and other US territories.
All states and eligible territories have applied for the funding – and 23 have now set up their programs and accepted applications.
Ten others have so far set up pilot programs, while the rest remain in the process to do so, according to the National Council of State Housing Agencies (NCSHA).
If you get accepted, the funds can be used for mortgage payments, homeowner’s insurance, utility payments, and more.
Find out if you qualify for this program here.
Who is eligible to get help?
The fund is available for those who’ve experienced financial hardship after the pandemic initially hit the US.
You may be eligible if you experienced financial difficulties after January 21, 2020, as well as hardship that began before this date but continued after.
To qualify, incomes must be 150% or less of the area median income or 100% of the median income for the US, whichever is bigger.
Plus, the homeowner’s mortgage balance must be less than $548,250.

Find out if you qualify for this program here.
How much you can get varies between states, but California is currently offering the highest maximum at $80,000 per household.
In comparison, Arizona is offering up to $25,000, Georgia up to $50,000 and Oklahoma up to $20,000.
To apply, follow the above link to your state’s website and follow the instructions.
If and when your application is approved, the funds are typically sent directly to your mortgage lender and other providers.
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