For homeowners in Florida who were impacted by Hurricane Irma and are having a difficult time making your mortgage payments, you now have one less thing to worry about. Lenders are required to give Florida homeowners what’s called a “forbearance payment” on their mortgage in the wake of Hurricane Irma.
How Homeowners Can Qualify for Deferred Loan Payments
Both Fannie Mae and Freddie Mac are giving 90-day forbearance on mortgage payments without any negative marks on your credit. In some cases, they are allowing 3 months of missed payments, and this amount will be added to the end of the loan.
Again, check with your lender for the specifics.
Have Questions? Give Me a Call!
In the aftermath of Hurricane Irma, many homeowners in the Stuart, Florida area are unsure about the next steps. As a local real estate agent, I’m aware of many other disaster relief assistance programs.
I’d be more than happy to share additional information with you! Give me a call at 772-342-4216.