FHA borrowers possible COVID-10 forbearance

Hardships from the COVID-19 pandemic continue to be felt across the economy.  Currently there are well over 300,000 FHA borrowers who are at least 90-days delinquent on their mortgage and in danger of losing their home to foreclosure. To assist FHA borrowers with keeping their homes in Virginia.  A COVID-19 forbearance option to delinquent borrowers has just been announced.

This relief will only be available until June 30, 2021.  HUD’s website provides information on how to apply https://www.hud.gov/coronavirus/homeowners.

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