COVID-19 and Mortgage Relief

Mortgage Forbearance and other Relief Options

The Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) announced mortgage payment relief options for single family homeowners with FHA-insured mortgages who are experiencing financial hardship as a result of the COVID-19 pandemic.  

For borrowers who are unable to pay their mortgage due to the pandemic, mortgage servicers must extend deferred or reduced mortgage payment options – called forbearance – for up to six months, and must provide an additional six months of forbearance if requested by the borrower.

FHA has instructed mortgage servicers to delay submitting Due and Payable requests for Home Equity Conversion Mortgages by six months, with an additional six-month delay available with HUD approval. Mortgage servicers are also now required to extend any flexibility they may have under the Fair Credit Reporting Act relative to negative credit reporting actions.

Homeowners who are experiencing financial hardship as a result of the COVID-19 pandemic should immediately contact their mortgage servicer to find out if they qualify for forbearance or to discuss other options that may be available to them.  If you can still pay your mortgage you should. We need to keep the economy fueled to the extent that is possible.

Relief information obtained from

Congresswoman Susan Davis’s office



Tracey Stotz, Broker

(619) 200-0918

5550 Grossmont Center Drive. #440-2634, La Mesa, California 91943