The pandemic has caused enough distress for Maryland residents. Don’t let it take your home!
If you are a homeowner in Maryland who has been financially hurt by the COVID-19 pandemic, you may benefit from a new program called the Maryland Homeowner Assistance Fund (HAF).
The program provides free and no-interest funding to help homeowners catch up on mortgage payments and other house-related bills. Wondering how the HAF program can help you? Here’s what you need to know.
What is the Maryland Homeowner Assistance Fund (HAF)?
The HAF program is designed to give homeowners a one-time payment to help them catch up on a delinquent account related to their home.
Who is the HAF program for?
The program is for homeowners in the state of Maryland who have been financially impacted by the COVID-19 pandemic after January 21, 2020.
How can the Maryland HAF program help me?
If you are behind on your mortgage or suffering a financial hardship due to COVID-19 you may qualify for free money to help you keep your house. For example, say you are behind on your mortgage by $4,000. You may receive a $4,000 grant to cover the shortfall and make you current on the loan.
What qualifies as a financial hardship?
If you’re struggling financially because of the pandemic, that may qualify as a financial hardship. Homeowners who are behind on their mortgage, property taxes, homeowners association fees or homeowner’s insurance could be eligible for help under the program.
What types of funding are available?
Homeowners may qualify for grants of up to $10,000 that do not have to be paid back.
Homeowners may also be eligible for no-interest loans that won’t come due until the house is sold or refinanced.
How do I find out if I qualify?
Reach out to HomeFree-USA and a Homeownership Advisor will go over the criteria with you and help you to determine whether you are likely to qualify for this program or other programs designed to help homeowners.
How long will the program be in effect?
While the program isn’t scheduled to end until 2026, funding will only be available as long as it lasts so don’t wait to act. Call HomeFree-USA today at 855-493-4002.