Deadline for grants to help homeowners with mortgage payments next week
July 14, 2011 · 1:35 PM
Homeowners who need help making current and past-due mortgage payments must apply by Friday, July 22 to receive assistance from a federal program.
The U.S. Department of Housing and Urban Development’s Emergency Homeowners’ Loan Program, known by its acronym EHLP, can give eligible homeowners with a zero percent interest forgivable loans that pay past-due mortgage payments as well as a portion of the homeowners’ mortgage payments for up to 24 consecutive months, or up to $50,000, whichever comes first, according to a statement. Homeowners must apply by July 22 for the program assistance through a participating housing counseling agency.
The state’s share of the grant is about $56.2 million.
Money Management International is approved by the department to offer housing counseling services, and is one of the organizations approved to assist homeowners with the grant. For more information call (877) 329-2502 or visit www.get-ehlp.org.