If you’re worried about making your mortgage payments, here’s what you should know: You can find resources online: By logging into your Rocket Account, 1 you’ll be able to make your payment, find FAQs on the impact of COVID-19 on your mortgage and apply for assistance if you need it. To find out if you qualify for a COVID-19 mortgage relief program, contact your mortgage lender or servicer (the company where you send your monthly payments).Lenders and servicers cannot automatically apply one of these programs to your mortgage – they must hear from you! In Biden's $1.9 trillion COVID-19 relief bill, which he’s pushing Congress to pass in the coming weeks, the president has proposed a $10 billion … What is forbearance? State Mortgage Relief Programs As of mid-April, all 50 states and the District of Columbia are implementing relief measures for homeowners affected by the COVID-19 pandemic. Connecticut Homeowners: If you are experiencing financial hardship due to COVID-19, the federal government is offering relief options to homeowners through the recently passed CARES Act. Today, 1 in 10 homeowners with a mortgage are behind on payments. The CARES Act of 2020 provided mortgage relief to alleviate the burden of monthly mortgage payments during the Covid-19 pandemic. You must request a COVID-19 Forbearance from your mortgage servicer by June 30, 2021. The COVID hardship forbearance applies to all federally backed and federally sponsored mortgages, which includes HUD/FHA, VA, USDA, Fannie Mae, and Freddie Mac mortgage … The actions announced today will bring relief to residents in rural America who have housing loans through USDA. If you have a mortgage that is insured by FHA and you are unable to make your mortgage payment because of COVID-19, you’re eligible for FHA's COVID-19 Forbearance. A mortgage relief program may be able to help if the COVID-19 pandemic jeopardizes your ability to make your monthly mortgage payment. The Biden administration announced on Tuesday that the COVID-19 mortgage forbearance and foreclosure protection program will extend through June 2021. CONTACT YOUR MORTGAGE LENDER OR SERVICER. Mortgage Relief During COVID-19 Outbreak. This joint website consolidates the CARES Act mortgage relief, protections for renters, resources for additional help, and information on how to avoid COVID-19 related scams. Forbearance is when your mortgage servicer or lender allows you to pause (suspend) or reduce your mortgage payments for a limited period of time while you regain your financial footing. Under the program, New Jerseyans who are struggling financially as a result of COVID-19 may be eligible for the above relief. USDA recognizes that the COVID-19 pandemic has triggered an almost unprecedented housing affordability crisis in the United States.