Struggling Homeowners Qualified to Stimulus Inspection as Part of $10 Billion Budget – Here is How you Can Apply
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Ohio mortgage programs may be able to save you hundreds every month. A new 2024 mortgage may be able to give relief to homeowners. Unfortunately, most Americans will not receive their mortgage benefits because they are not aware of some of these programs. You do not need to pay anything to check how much you could get. |
Via the-sun.com
STRUGGLING homeowners are eligible to apply for a stimulus check as part of a $10billion fund.
The extra cash is part of the American Rescue Plan which provides Covid relief money to residents across the country.
Read our stimulus checks live blog for the latest updates on Covid-19 relief…
The Homeowner Assistance Fund (HAF) can be used to prevent mortgage delinquencies and defaults.
The US Treasury says the program is also aimed at preventing foreclosures, the loss of utilities or home energy services, and the displacement of homeowners suffering financial hardship.
Homeowners are advised to apply for the funding if they are struggling with expenses, according to Yahoo! Finance.
To qualify, homeowners must have lower incomes and have suffered a financial hardship such as a job loss after January 21, 2020.
Applicants must have income equal to or less than 150 percent of their area’s median income.
For homeowners applying for HAF help, they must also hold a mortgage balance of less than $548,250 as of 2021.
Each state has been provided with a minimum of $50million from the fund.
The Treasury uses indicators to maximize the impact of where the money is being distributed.
There is $30million available for the overseas territories of Guam, American Samoa, the US Virgin Islands, and the Commonwealth of the Northern Mariana Islands.
The extra cash is not an automatic payment so Americans must apply via their state housing authority.
There is a list of all the relevant agencies on the NCSHA State Housing website.
More than 11million American households are currently behind on their rent and mortgage payments, according to Fox News
It’s estimated that nearly 1.7million homeowners will exit their forbearance period in September.
