Millions of Americans are still reeling from the effects of the pandemic and need more help paying off their mortgages.
Luckily for them, there are programs available in many states across the country.
The US bailout set aside money for states to create programs that help people keep their homes.
The U.S. bailout program is called the Homeowners Assistance Fund, which provides $10 billion to U.S. states and territories.
Stimulus: $4,000 for households that missed stimulus checks
Many states are already accepting applications, and others have yet to have the funds.
The money can be used for your mortgage, insurance, and utilities.
Eligibility for stimulus payments to help with home ownership
The money is specifically for homeowners who have been negatively impacted by the pandemic.
If you had financial problems after January 21, 2020, you may qualify.
This is true for those who experienced difficulties before this point, but experienced them after January 21, 2020.
Stimulus checks: what happens in 2022?
Your income must be 150% or less than the median income for the region or 100% of the median income for the United States
Your mortgage balance must be less than $548,250.
What you get will depend on your condition.
California offers the most at $80,000.
Arizona offers up to $25,000.
Georgia donates $50,000.
Oklahoma donates $20,000.
Stimulus check: The deadline for $1,200 has arrived
The following states have programs under the HAF for stimulus funds that residents can apply for
- District of Colombia
- New Hampshire
- New Jersey
Financial support parents can get in 2022
- new York
- North Carolina
- North Dakota
- New Mexico
- Porto Rico
- Rhode Island
- Caroline from the south
- South Dakota
- West Virginia
If you apply through your state and are approved, the funds will most likely be sent directly to your mortgage lender and other services.