Mortgage Stimulus: Is there any mortgage financial aid available?

November 2, 2022 Elijah Lucas Stimulus Check 0

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Inflation persists in causing headaches through families across the United States, with homeowners being harshly affected in the hopes of seeing brighter financial days ahead after the COVID-19 pandemic saw some wallets get lighter as mortgage prices persisted in piling up.

Is there any mortgage financial aid available?

Since many Americans received multiple stimulus checks and funds during the pandemic, many are wondering if Congress will also help homeowners furthermore. Still, through President Biden’s American Rescue Act, they provided close to 10 billion dollars to the states and the District of Columbia through the Homeowner Assistance Fund (HAF).

Mortgage Stimulus: Is there any mortgage financial aid available?

The states have implemented several systems and programs to distribute the funds, and generally, an eligible recipient must make less than 100% of the median income for the entire United States.

See Also:  California $1050 Stimulus Checks: Estimate Your Payment, Check Eligibility

To qualify, the homeowner can have a $548,250 mortgage balance or less.

Some homeowners are covering more than $300 monthly if they refinance their mortgage, with the National Council of State Housing Agencies saying the programs will start balling out soon.

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About Elijah Lucas 186 Articles
Elijah has done a Master in Computer Science. Elijah is a passionate blogger, technology lover, plays chess, is innovative, likes to express their views via the blog, and is a music lover. Elijah has been blogging since 2011 and has contributed several excellent articles to the internet.