Apply to CredAbility for Emergency Homeowners Loan Program.

People who are unemployed, had a reduction of income or work hours, or a medical emergency can apply for mortgage help from the Emergency Homeowners’ Loan Program (EHLP). Over $1 billion is being provided by the United States Housing and Urban Development (HUD) to help people pay their mortgages and home loans. Note that the funding is no longer available and no additional homeowners will qualify for a loan. Assistance is provided in the form of zero percent loans that will not need to be repaid if conditions are met.

The government has selected a national nonprofit credit counseling agency known as CredAbility to coordinate the program across the nation. They work with numerous credit and housing counseling agencies across the nation to accept applications, distribute funds and grants to qualified homeowners, and do their best to help people pay their mortgage, avoid a foreclosure, and keep their home.

There are several conditions that need to be met in order for someone to be accepted into the program. An extensive listing is below. Or you can call CredAbility or a HUD foreclosure counseling agency in your state.

Emergency Homeowners’ Loan Program (EHLP) application process

CredAbility is overseeing the Emergency Homeowners’ Loan Program (EHLP) for the federal government in the following states and is currently accepting applications. The organizations supports the states of Massachusetts, Texas, New York, Virginia, Wisconsin, Minnesota, Colorado, Washington, Oklahoma, Missouri, , Louisiana, Arkansas, West Virginia, Iowa, Utah, New Mexico, and Kansas. To apply for the low interest loans, grants, or funds borrowers will need to contact a nonprofit credit counseling or housing organization that is approved by HUD. One of the benefits to these agencies is that most of the mortgage and foreclosure counseling is offered free of charge to qualified applicants, which would include the unemployed and people facing a hardship or crisis.

Conditions of the Emergency Homeowners’ Loan Program (EHLP)

The program was created to complement the Hardest Hit Fund. The primary goal is to assist homeowners who have fallen behind on paying their mortgage due to unemployment, a reduction in income, or a medical emergency.





Loans and grants are offered for those homeowners who will soon or have currently fallen behind on making their mortgage payments. The applicants need to have lost their job and currently are unemployed. Help is offered to people who are faced with large medical debts and expenses. Both of these types of applicants can receive help to bring their mortgage loan current and make future mortgage payments.

If you apply and meet the conditions of the program, homeowners can receive a zero percent loan of up to $50,000.

Other program criteria of the Emergency Homeowners’ Loan Program include.

  • The applicant needs to have a minimum 15% reduction in household income.
  • Experienced involuntary underemployment or unemployment that needs to have been caused by adverse economic conditions, a serious injury or a medical emergency.
  • Their total household income must be less than 120% AMI, which means it is the applicants Area Median Income).
  • The homeowner must be at least three months delinquent on mortgage payments and/or at risk of facing a foreclosure.
  • This in not met to be an ongoing support program, so in order to receive help from the loan program an applicant needs to have a reasonable likelihood to resume full monthly mortgage payments on their home over the next one to two years.

Note that this program has ended. There are no longer any resources available from it, and anyone that is need of help should look into alternatives. Call your nearest HUD certified foreclosure counseling agency and ask resources that may assist.



By Jon McNamara

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