Washington homeowners who are at risk of foreclosure may be eligible for an interest free loan of up to $50,000 through the new Emergency Homeowners’ Loan Program (EHLP). The deadline to apply is July 22, 2011. To apply visit http://www.findehlp.org/ or call toll free 855-346-3345.
The U.S. Department of Housing and Urban Development (HUD) in conjunction with NeighborWorks® America the program on June 20, 2011, to help homeowners who are at risk of foreclosure in 27 states across the country and Puerto Rico.
Under the program guidelines eligible homeowners can qualify for an interest free loan which pays a portion of their monthly mortgage for up to two years, or up to $50,000, whichever comes first.
The program will pay a portion of an approved applicant’s monthly mortgage including missed mortgage payments or past due charges including principal, interest, taxes, insurances, and attorney fees. The program is expected to aid up to 30,000 distressed borrowers, with an average loan of approximately $35,000.
The deadline to apply is July 22, 2011, so homeowners are encouraged to apply now in order to find out if they qualify for this new mortgage assistance program and learn more about the many options available to assist those with housing needs.
For more information about the program and to apply visit http://www.findehlp.org/ or call toll free at 855-346-3345.