FHA extends FORBEARANCE request timeframe for homeowner loans

November 4, 2020

 

FHA EXTENDS COVID-19 FORBEARANCE REQUEST TIMEFRAME FOR SINGLE FAMILY HOMEOWNERS
Extension through December 31, 2020, ensures homeowners who need assistance can continue to obtain mortgage payment forbearance

The Federal Housing Administration (FHA) announced it is extending the date for single family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer to forbear their mortgage payments for up to six months. Homeowners experiencing a financial hardship as a result of the COVID-19 pandemic may now request an initial forbearance through the end of this year, December 31, 2020. Previously, homeowners with FHA-insured mortgages needing assistance had until October 30, 2020, to request a COVID-19 forbearance from their mortgage servicer.

Team Mira
Author: Team Mira