Virginia Mortgage Relief Program expands to provide more assistance to homeowners
Table of Contents
The Virginia Mortgage Relief Program now is offering as much as $40,000 of assistance to eligible Virginia homeowners, with no cap on the number of months past due. The change increases the maximum amount available to a homeowner by $10,000. The previous level of assistance was capped at the lesser of 20 months or $30,000 per household.
The program launched Jan. 3; the new levels of support took effect March 17.
Homeowners who are experiencing financial hardship because of COVID-19 after Jan. 21, 2020, with a delinquency amount at or under $40,000, may now be eligible for assistance. Homeowners not eligible for VMRP are encouraged to contact their mortgage loan servicer to discuss loss-mitigation options.
Applicants who were previously deemed ineligible due to the original program cap policy should contact a program representative at 1-833-OUR-VMRP (833-687-8677), Monday through Friday, from 8 a.m. to 8 p.m. to begin the appeal process.
Virginia homeowners seeking financial assistance with past due mortgage and other housing-related expenses should visit www.VirginiaMortgageRelief.com for details.
Homeowners who do not qualify for the Virginia Mortgage Relief Program and are still in need of assistance with their mortgage and other housing-related expenses should contact a HUD-approved housing counselor. Additional details are on Virginia Housing’s website.
