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FHA Extends COVID Relief Measures Until March

Tuesday, December 22, 2020

The Department of Housing and Urban Development (HUD) has extended the timeframe for several of the relief programs it put into effect last spring through its Federal Housing Administration (FHA) to help lenders, servicers, and homeowners cope with the COVID-19 crisis. FHA's eviction and foreclosure moratoriums have been extended for an additional two months, through February 28, 2021. These moratoriums prohibit servicers from initiating or proceeding with foreclosure and foreclosure-related eviction actions for FHA-insured single family forward and reverse mortgages, except for those secured by legally vacant and abandoned properties. This is the fourth time these moratoriums have been extended.   

 

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"We recently had the opportunity to work with Kim at Midwest Family Lending to purchase a home. The people at Midwest were courteous and friendly. The housing loan was handled in a professional manner. The people were fast and competent. My husband and I had been through some hard times and did not believe that we could get funding for a home. Traditional banks had turned us down, refusing to even work with us. Kim at Midwest Family Lending not only looked at us, but did get us the loan for a home that we can now call our own. We are referring any friends, acquaintances to Kim at Midwest Family for home loans. Thank you for all your help."
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