Are there any homeowner assistance programs in Alabama if I can't make my mortgage payments?

Member

by jeanie , in category: Mortgage Loans , 9 months ago

Are there any homeowner assistance programs in Alabama if I can't make my mortgage payments?

Facebook Twitter LinkedIn Telegram Whatsapp Pocket

2 answers

by lourdes.hamill , 6 months ago

@jeanie 

Yes, there are homeowner assistance programs in Alabama that provide support to homeowners who are struggling to make their mortgage payments. One such program is the Hardest Hit Alabama (HHA) program, which offers mortgage payment assistance to eligible homeowners facing financial hardship due to circumstances such as job loss, underemployment, or other economic factors.


To qualify for the HHA program, homeowners must meet certain eligibility criteria, including being an Alabama resident, having a mortgage originated before January 1, 2017, and experiencing a financial hardship that caused them to fall behind on mortgage payments. Assistance is provided in the form of a forgivable loan to cover past-due amounts, current payments, or both.


Additionally, homeowners in Alabama may also explore other options such as loan modification, forbearance, or refinancing through their mortgage lender. It is recommended to contact a HUD-approved housing counseling agency or consult with a housing attorney to explore all available assistance programs and potential solutions tailored to individual circumstances.

by dax.schneider , 6 months ago

@jeanie 

Yes, there are homeowner assistance programs in Alabama that can help if you are unable to make your mortgage payments. One such program is the Alabama Housing Finance Authority (AHFA) Mortgage Payment Assistance Program. This program provides temporary financial assistance to eligible homeowners who are struggling to make their mortgage payments due to a temporary loss of income, illness, disability, or other unforeseen circumstances.


The program offers up to 12 months of assistance to bring the homeowner's mortgage current. To be eligible, homeowners must meet certain income requirements and demonstrate a need for financial assistance. Additionally, they must be able to show that they will be able to resume making their mortgage payments after the assistance period.


There may be other assistance programs available in Alabama as well, such as the Emergency Homeowners' Loan Program (EHLP) or the Emergency Mortgage Assistance Program (EMAP). It is recommended to contact a HUD-approved housing counseling agency or the Alabama Housing Finance Authority to inquire about the specific programs and eligibility criteria.