Deadline for HUD’s Emergency Homeowners Loan Program is July 22

Watch HUD's EHLP presentation below

(Best Syndication News) - The deadline to submit a Pre-Applicant Screening Worksheet for the Emergency Homeowners Loan Program (EHLP) is Friday, July 22, 2011. The U.S. Department of Housing and Urban Development (HUD) and NeighborWorks® America launched the EHLP in June to help homeowners that are facing the possibility of home foreclosure by offering an interest free loan up to two years or up to $50,000.

The $1 billion government program is designated to help homeowners in 27 states and in Puerto Rico. The homeowner could be underemployed, unintentionally unemployed, suffering from economic problems, or have a medical condition. In order to participate in the program, the struggling homeowner needs to be pre-screened by the deadline of July 22, 2011.

If approved, EHLP will pay a portion of the homeowner’s monthly mortgage payment. The program will also pay any missed payments and past due fees owed to the lender. Other fees that can be paid include taxes and insurance.

HUD anticipates that 30,000 homeowners will be helped by their EHLP financial assistance with an estimated $35,000 no-interest loans given to these participants on average.

The states participating in the EHLP funds program are Alaska, Arkansas, Colorado, Hawaii, Iowa, Kansas, Louisiana, Maine, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Oklahoma, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming and Puerto Rico.

In order to get the Pre-Applicant Screening Worksheets in on time the 27 states and Puerto Rico residents should visit to find an approved EHLP agency or call toll free at 855-FIND-EHLP (346-3345). HUD warns that there are scams out there asking for money to do what is available for free. The homeowner can get free help to complete the worksheet and there is no cost to submit the paperwork to EHLP.

Connecticut, Delaware, Idaho, Maryland, Pennsylvania are overseeing EHLP directly and homeowners in these states should contact their state government housing authority agency for assistance.

By: John Waters

other information

EHLP Application Deadline Extended to July 27, 2011

Secretary Donovan Discusses the EHLP Program (closed caption) YouTube Video



Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved