Wyoming Homeowner Assistance Fund Program Organizes Online Forums to Address Forward Mortgage Payments
The Wyoming Homeowner Assistance Fund (HAF) Program is taking action to support eligible homeowners in the state by providing financial assistance through its services. The program will be hosting three virtual town halls to discuss how eligible homeowners can apply for HAF services, with a particular focus on the new service that offers up to three consecutive months of forward mortgage payments. These virtual town halls will be held on Thursday, March 9 at 2 P.M., Monday, March 13 at 12:30 P.M., and Tuesday, March 14.
The HAF Program began accepting forward mortgage applications on February 27, 2023. Under this program, eligible homeowners can receive up to $17,000 in assistance as a one-time award to pay for past-due payments and up to three consecutive months of forward mortgage payments. This award is directly paid to a servicer or vendor on behalf of an eligible homeowner.
The HAF Program offers assistance to eligible homeowners in the following areas:
- Mortgage Delinquency: This service provides financial assistance to help reinstate a mortgage or to pay other housing-related costs related to a period of forbearance, delinquency, or default.
- Forward Mortgage Payments: The program offers up to three consecutive months of forward mortgage payments to eligible homeowners. Delinquencies will be prioritized over forward mortgage payments.
- Past Due Utility Payments: Eligible expenses include electricity, energy costs (fuel, oil & propane), water, and sewer. Internet costs are not an eligible expense.
- Past Due Housing-Related Bills: This service provides assistance with past due property taxes, homeowners insurance, or homeowner association dues.
To apply for the HAF Program, eligible homeowners can complete the online application at dfs.wyo.gov/haf. For those who need assistance with the application, the program’s call center can provide assistance toll-free at 1-888-WYO-HAFP (1-888-996-4237) during the hours of 9 a.m. – 6 p.m. Monday through Friday. It is important to note that the HAF Program is a temporary federally funded assistance fund, and funds are limited. Therefore, eligible homeowners are encouraged to apply as soon as possible.
To qualify for the HAF Program, homeowners must meet the following eligibility criteria:
- Must not have received a previous HAF award. This is a one-time award, and eligible clients who received HAF payments in the past cannot apply.
- Must own a property in Wyoming, including those on the Wind River Reservation.
- Must currently occupy the property as the primary residence.
- Must have a total annual household income at or below 150% of the area median income.
- Must have experienced a COVID-related financial hardship after January 21, 2020.
- If applying for mortgage assistance, the loan must be the first lien on the property, and the homeowner must not intend to sell the property within six months of receiving assistance.
In conclusion, the HAF Program offers financial assistance to eligible homeowners who are struggling to keep up with their housing-related expenses due to COVID-related financial hardship. The program’s services cover mortgage delinquency, forward mortgage payments, past due utility payments, and past due housing-related bills. The application process is easy and can be completed online, with assistance available through the program’s call center. It is important to act quickly as funds are limited, and the program is a temporary federally funded assistance fund.