While DSHA is not a direct mortgage lender or servicer, we do want to provide information for our customers and partners.
If you are having difficulty making a mortgage payment, DSHA encourages you to be proactive and reach out to your mortgage company for assistance and guidance as soon as possible. Explain the situation to your mortgage provider and ask if they can provide information on relief options that may be available to you.
Several of the larger mortgage companies in the United States have taken actions to help homeowners. Below is information on the steps taken and resources that may be available to Delawareans struggling to make their mortgage payments as a result of the COVID-19 situation.
Fannie Mae/Freddie Mac
On March 18, 2020, the Federal Housing Finance Agency (FHFA) announced it has authorized Fannie Mae and Freddie Mac to suspend foreclosures and evictions for at least 60 days due to the coronavirus national emergency. The foreclosure and eviction suspension applies to homeowners with a single-family mortgage backed by Fannie Mae or Freddie Mac. To check whether or not your mortgage is backed by Fannie Mae, use the “loan lookup” tool at https://www.knowyouroptions.com/loanlookup or for Freddie Mac use the tool at https://ww3.freddiemac.com/loanlookup/.
Fannie Mae and Freddie Mac are also providing payment forbearance to borrowers impacted by the coronavirus. Forbearance allows for a mortgage payment to be suspended for up to 12 months due to hardship caused by the coronavirus.
On March 18, 2020, the U.S. Department of Housing and Urban Development (HUD) authorized the Federal Housing Administration (FHA) to implement an immediate foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages for the next 60 days.
This applies to homeowners with FHA-insured Title II Single Family forward and Home Equity Conversion (reverse) mortgages, and directs mortgage servicers to:
- Halt all new foreclosure actions and suspend all foreclosure actions currently in process; and
- Cease all evictions of persons from FHA-insured single-family properties.
More information about resources for homeowners is available at the Federal Housing Finance Agency website. Freddie Mac has also created an Interactive Digital Guide for Homeowners to help answer questions and provide information.
Delaware State Housing Authority
Delaware Emergency Mortgage Assistance Program
Homeowners may qualify for DSHA’s Delaware Emergency Mortgage Assistance Program (DEMAP) if they are 90 days or more delinquent on the mortgage of their primary residence. More info is available on our website at: www.destatehousing.com.
DSHA is working diligently to provide additional assistance to homeowners impacted by COVID-19. We will update this site with further resources and information as it becomes available.