illinois homeowners assistance fund

Loan interest rate is fixed at 1%. With the foreclosure moratorium, those numbers came down but now we are starting to see an increase in phone calls from people who are needing that assistance, said Beth Payne, Vice President at Rock Island Economic Growth Corporation. Choose from the following social post graphics and sample captions to share with your followers! Regardless of who backs your mortgage, its a good idea to let your servicer know that you have applied for HAF and ask if the foreclosure process can be paused. Illinois has received approval from the U.S. Department of the Treasury on its Illinois Homeowner Assistance Fund (ILHAF) program to provide assistance to Illinois homeowners who have struggled to pay their mortgage due to COVID-19. You should always make sure you are getting information and applying from official government websites (for example, with website addresses ending in .gov) and sources. Depending on the program, homeowners may use the funds for expenses such as: Not all programs will cover all of the expenses listed here. 1 0 obj 1. Illinois homeowners experiencing financial hardship associated with the COVID-19 pandemic can apply for a housing assistance grant of up to $30,000. PDF Pritzker Administration Provides $15.3 Million in Home Improvement Grants Scammers often target vulnerable homeowners who are in need of assistance or trying to stay in their homes. Additionally, scammers may ask you to sign over the title to your property, ask you to sign papers that you do not understand, say you should start making payments to someone other than your servicer or lender, or tell you to stop making mortgage loan payments altogether. HAF funds are used for qualified expenses that assist homeowners having incomes equal to or less than the greater of 150 percent of the area median income for their household size, or the median income for the United States, as determined by the Secretary of Housing and Urban Development. Already applied for ILHAF funds? A list of other requirements is available here. If you qualify,wecan help you with the application process. All rights reserved. Each state or territory developed its own program. Approximately $309 million in emergency assistance will be available to Illinois homeowners (read the press release here.)

Sebastopol Ballarat Crime Rate, Ammi Singh Stylish Name, Alegeus Wealthcare Saver, Articles I