Virginia has launched a statewide Mortgage Relief Program to help prevent and/or ease mortgage delinquencies, defaults, foreclosures, and displacement for persons experiencing financial hardship due to the COVID-19 pandemic. Financial hardship could include an increase in living expenses, childcare, change in household size, job loss, or reduction in income. The state received more than $258 million through the U.S. Department of the Treasury’s Homeowners Assistance Fund to help homeowners facing housing instability because of the COVID-19 pandemic. Virginia Housing is administering the state program.
To be eligible for mortgage relief, homeowners must have experienced a reduction of income or an increase in living expenses after January 21, 2020, as well as currently own and occupy the property as their primary residence. There are also maximum income limits and other exclusions.
Applications are now open. You can find more information and apply online here or call 833-687-8677.