Wyoming Homeowner Assistance Fund Program Now Open
The Wyoming Homeowner Assistance Fund program started accepting online applications last month. The Wyoming Department of Family Services, with help from the Wyoming Department of Workforce Services, administers this program, which is a US Department of Treasury initiative authorized under the American Rescue Plan Act of 2021.
“We highly encourage homeowners delinquent on their mortgage payments to talk to their mortgage servicer before the program opens,” Department of Family Services Director Korin Schmidt said. “Homeowners should consider all options available to allow them to stay in their homes safely and long term. If you receive HAF funds first, you might not be eligible for options like having your monthly payment lowered.”
A one-time award of up to $17,000.00 is available to homeowners behind on their mortgage payments as a result of Covid-19. These funds will be paid directly to mortgage servicers, utility companies, and county treasurers. There are certain requirements that must be met to be eligible. The applicant must own the property as their primary residence and it must be located within the State of Wyoming. They must have a total annual household income at or below 150% of the area median income. The financial hardship must be a result of Covid-19 after January 2020. When applying for mortgage aid, the loan must be the first lien on the property.
“If applying for mortgage assistance, the loan must be the first lien on the property,” DFS says. “The homeowner must not intend to sell the property within six months of receiving assistance. If a homeowner owes more than $17,000 in arrears or cannot make payments moving forward, the HAF Program will require them to do housing education.”
For more information, call the HAF Program Call Center at 1-888-996-4237 (WYO-HAFP). If you wish to apply, visit the Wyoming Homeowner Assistance Fund program’s official site.