Relief Options for FHA Loans
Homeowners falling behind on an FHA loan should know that:
- if your home was damaged or your income cut because of a hurricane, tornado, flood, wildfire, or other natural or man-made event -- and your home or job is in an area that the President declared a disaster area -- your lender will not start foreclosure for 90 days.
Read more about what Disaster Relief Optons for FHA homeowners and USA Lenders need to know.
- if you or your spouse is on active military duty, you may qualify for a reduction in your interest rate -- and, thereby, reduced payments. Read about how the Servicemembers Civil Relief Act (formerly known as the Soldiers' and Sailors' Civil Relief Act of 1940) affects military homeowners, and what lenders need to know.
- if you work with your lender, you may be able to save your home. Read more about How to Avoid Foreclosure.
