Mortgage Assistance Programs

Grants for Mortgage Relief

Federal and state mortgage relief grants help homeowners facing financial hardship stay current on payments.

What Are Mortgage Assistance Programs?

Mortgage assistance programs are designed to help homeowners who are struggling with their mortgage payments due to financial hardship. These programs provide grants, deferments, and loan modifications to prevent foreclosure and maintain homeownership.

Federal Relief Programs

The federal government offers mortgage assistance programs, such as the Home Affordable Modification Program (HAMP) and FHA forbearance programs. These programs provide temporary relief to homeowners affected by economic challenges, including job loss and health issues.

State-Specific Assistance Programs

Many states offer grants or forgivable loans to assist with mortgage payments. These programs are tailored to local homeowners and vary based on state policies. Examples include Florida’s Hardest Hit Fund and California's Mortgage Relief Fund.

Veteran Mortgage Assistance Programs

Veterans may qualify for specialized assistance through programs such as VA loan modifications or grants provided by the Department of Veterans Affairs. These programs offer reduced payments, interest rate adjustments, and deferred payments to support veterans facing hardship.

Loan Forgiveness and Hardship Programs

Some lenders offer loan forgiveness or deferment options for homeowners facing long-term hardship. Additionally, COVID-19 relief programs have extended payment deferments and loan modifications to affected individuals.