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Tuesday, August 30, 2011

HUD Accepting Additional Emergency Homeowners’ Loan Program Applications

The U.S. Department of Housing and Urban Development and NeighborWorks® America reopened the application process for the Emergency Homeowners’ Loan Program (EHLP).

The program will assist Washington homeowners who have experienced a reduction in income and are at risk of foreclosure due to involuntary unemployment or underemployment, due to economic conditions or a medical condition.

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.

Homeowners must contact a participating housing counseling agency to participate in the program. Only participating counseling agencies can accept applications from homeowners.

Visit to find contact information for all participating counseling agencies, and to access the required application documents.  Homeowners may also call the toll free hotline, (855) FIND-EHLP (346-3345).

Additional applications will be accepted through September 15, 2011.