The deadline for distressed homeowners to apply for a government mortgage aid program has been extended through Wednesday. The Emergency Homeowner's Loan Program or EHLP, a program offered through the Department of Housing and Urban Development and NeighborWorks, offers up to $50,000 in interest-free loans to qualified homeowners to help pay for a portion of their monthly mortgage for up to two years. Qualified applicants include homeowners at risk of foreclosure and who are unemployed or underemployed due to economic conditions or a medical condition.
HUD extended the deadline to enable more homeowners to apply for the loan program. In-need homeowners must submit two documents by midnight Wednesday, including the pre-application and a third-party authorization form, which can be found on the NeighborWorks and HUD program website. Payments for homeowners who receive EHLP funds are expected to start in late September.
For more information visit www.FindEHLP.org
Unemployed Homeowners Get Extension to Apply for Mortgage Help