• State News
  • National News
  • Subscribe
  • About Us
  • Contact Us
Subscribe For $2.50/month
Print Editions
Henry County Enterprise
  • News
    • Neighborhood News
    • Business
    • Community Calendar
    • State News
    • National News
  • Obituaries
  • Classifieds
  • eEnterprise
  • Spiritual
    • The Episcopal Diocese of Virginia
    • Transcendental Meditation
    • Parabola
    • Southern Baptist
  • My account
  • Login
  • FAQ
No Result
View All Result
Henry County Enterprise
No Result
View All Result
Henry County Enterprise
No Result
View All Result

Homeowners with up to $40,000 in mortgage delinquency are now eligible for the Virginia Mortgage Relief Program

Enterprise by Enterprise
March 25, 2022
in Local News
0
0
SHARES
28
VIEWS
Share on FacebookShare on Twitter

Virginia Housing on Thursday announced a major change to the Virginia Mortgage Relief Program, or VMRP, that it launched on Jan. 3, 2022. Effective March 17, 2022, the maximum amount of assistance to eligible Virginia homeowners is now raised to $40,000 with no cap on the number of months past due.

To improve program accessibility and based on need within the Commonwealth, the Virginia Mortgage Relief Program is increasing the maximum assistance available to eligible homeowners. Previously, the maximum amount of assistance available through the VMRP was capped at the lesser of 20 months or $30,000 toward eligible expenses per household.

Homeowners experiencing a financial hardship due to 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 are encouraged to visit www.VirginiaMortgageRelief.com for more information.

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 – Working with a Housing Counselor.
The goal of VMRP is to prevent and/or ease mortgage delinquencies, defaults, foreclosures, and displacement of Virginia homeowners experiencing financial hardship due to the COVID-19 pandemic. The Commonwealth of Virginia received $258 million to implement VMRP through the U.S. Department of the Treasury’s Homeowner Assistance Fund.

 

Sign up to our Newsletters.

Enter your email address to receive weekly notifications straight to your inbox.

Please confirm your subscription!
Some fields are missing or incorrect!
Lists
Previous Post

Off-duty Virginia police officer pleads guilty to felony charge in Jan. 6 Capitol breach

Next Post

Martinsville students win awards, accolades

Next Post
Martinsville students win awards, accolades

Martinsville students win awards, accolades

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sign up to our Newsletters.

Enter your email address to receive weekly notifications straight to your inbox.

Please confirm your subscription!
Some fields are missing or incorrect!
Lists
  • State News
  • National News
  • Subscribe
  • About Us
  • Contact Us
Call us: 304-647-5724

  • Login
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
No Result
View All Result
  • News
    • Neighborhood News
    • Business
    • Community Calendar
    • State News
    • National News
  • Obituaries
  • Classifieds
  • eEnterprise
  • Spiritual
    • The Episcopal Diocese of Virginia
    • Transcendental Meditation
    • Parabola
    • Southern Baptist
  • My account
  • Login
  • FAQ