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Emergency Homeowner Loan Program


The U.S. Department of Housing and Urban Development just confirmed that they will be launching a new $1 billon mortgage relief  program called the Emergency Homeowners Loan Program.  The Obama administration has extended several mortgage bail-out programs for distressed homeowners like the Home Affordable Refinance Program, but very few borrowers were able to qualify for this relief measure that enabled homeowners that had mortgages owned by Fannie Mae or Freddie Mac the ability to refinance their under-water loans up to 125% loan to value.

Bill Apgar, HUD Senior Advisor for Mortgage Finance said today, “HUD’s new Emergency Homeowner Loan Program will build on Treasury’s Hardest Hit initiative by targeting assistance to struggling unemployed homeowners in other hard hit areas to help them avoid preventable foreclosures.”  Apgar continued, “Together, these initiatives represent a combined $3 billion investment that will ultimately impact a broad group of struggling borrowers across the country and in doing so further contribute to the Administration’s efforts to stabilize housing markets and communities across the country.”

Emergency Homeowner Loan Program to Help Refinancing Under-Water Mortgages

The Obama Administration today announced additional support to help homeowners struggling with unemployment through two targeted foreclosure-prevention programs. Through the existing Housing Finance Agency (HFA) Innovation Fund for the Hardest Hit Housing Markets, the U.S. Department of the Treasury will make $2 billion of additional assistance available for FHA programs for homeowners unable to qualify for mortgage refinancing as well as struggling to make their home loan  payments due to unemployment.

The Emergency Homeowner Loan Program will offer loan relief and assistance for up to 24 months to homeowners to struggling homeowners who are at risk of foreclosure.  This finance relief program is targeting homeowners who have experienced a significant reduction in income due to involuntary unemployment, underemployment, or a medical condition.  “We remain committed to helping struggling homeowners, and this program will provide additional assistance to states hit hardest by unemployment,” said Assistant Secretary for Financial Stability Herb Allison. “This is part of the Administration’s comprehensive housing policy that has helped to stabilize a fragile housing market and allows responsible homeowners the chance to reduce their monthly mortgage payments to affordable levels.”

HUD extended the homeowner assistance and the mortgage relief will be in the form of a deferred payment also known as a bridge loan which can be used to help get a mortgage, taxes and insurance payment current.  HUD has stated that the Emergency Homeowner Loan can assist struggling borrowers for up to 24 months. The loan relief funds will be provided under the Emergency Homeowners Loan Program and will be set aside for the individual states and Puerto Rico based on each states proportional share of national unemployment measures as applied to homeowners.

Eligibility: To be eligible for the program a household must have had an income, prior to the event which caused the delinquency, equal to or less than 120% of the Area Median Income and a post-event decrease in income of at least 15%. The homeowners must be at least 3 months delinquent on home loan payments on their principal home and have either received a foreclosure notice or be able to self-certify to the likelihood that they will default on their mortgage due to the delinquency.

President Obama first announced the Hardest Hit Fund in February 2010 to allow states hit hard by the economic downturn flexibility in determining how to design and implement programs to meet the local challenges homeowners in their state are facing. Under the additional assistance announced today, states eligible to receive support have all experienced an unemployment rate at or above the national average over the past 12 months. Each state will use the funds for targeted unemployment programs that provide temporary assistance to eligible homeowners to help them pay their mortgage loan while they seek re-employment, additional employment or undertake job training. States that do not currently have Hardest Hit Fund unemployment programs must submit proposals to Treasury by September 1, 2010 that, within established loan guidelines, meet the distinct needs of their state.

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How do I find out how to apply for this Emergency Homeowner loan program for California. I am upside down on my home and I was going to short sell it but if I could hold on to it I would. I did the WHOLE “remodificaiton” deal back and forth faxing and sending for 2 years and I did qualify but the mortgage servicing company OCWEN is not working with me keeps asking for the same documents over and over. I stopped paying a few months ago figuring I was going to loose the house and would save money to move if need be, but if there is a way to save the home I would do it. I am unemployed but do have Social security so I could pay a lower mortgage amount if they would work with me but you don’t know who you are dealing with and they do not respond.
Thanks I would appreciate any assistance on what and how to do this emergency loan.
Leslye Mahoney


[…] Emergency Homeowners Loan Program offers up to $50,000 to eligible borrowers at a 0% interest rate. HUD officials called it a true […]


Yeah sounds just like another program, that these crap companys like CitiMortgage won’t initiate anyway.They will just keep the money and give the CEO OF CitiMortgage million’s so he can send it back to Packistan or what ever shit hole he is from!!!Oh and know with the republicans taking back over its back to letting the fox watch the hen house.Will after three time of losing my paper work and 120.00 in faxing cost will see how long they keep it this time…


I ditto the comments from Cal and Leslye. I’ve had to refax and refax papers to my bank because they lost them. I’ve spoken to a lot of people who experienced the same thing and they are saying it’s a delay tactic. I’m a widow. I’ve lived in my home for over 30 years and do not want to lose it. I was let go from my job in 2008 and my unemployment has run out. Now my expenses are more than my income and I don’t know what to do. This Emergency Home Owners Loan Program sounds like it’s the answer. I just hope it doesn’t have all the barriers that the other programs have. I thought they were designed to help us.

How can I get an application?


I have looked and looked and looked… for the Homeowner Emergency Loan Program, including web site searches, calling various local assistance agencies, state agencies, and congress representatives. The only local agency that had similar funds closed their program several days before I called them, but don’t know anything about this program. The HUD counselor that I worked with to try to do a FHA-HAMP modification (but the budget would not work) doesn’t know about it either. I have another agency that I will be trying tomorrow: local Consumer Credit Counseling Service (CCCS), and am waiting for a callback from a lawyer with the legal aid society. (Apparently intake was close the last several weeks.)

I wish that there was a reliable site that linked to the local agencies that are administrating this program funds distributions.


Well I have called about the loan program but they said it may not be in effect in my state. They gave me the following numbers
HUD counseling 800 569 4287
Neighbors something (foreclosures) 201 220 6314
And the main HUD number 800 225 5342

Then after speaking with them.. .was redirected again to a local agency…
which the person I need to speak to is not in … so I have to call back next week… HOW DO YOU LIKE THAT…

It’s too bad, because there are all these great mortgage loan programs out there to help dislocated workers like myself and unemployed and you cannot get any straight answers.

Have a wonderful new year living with the rest of us on the streets…


Having worked for my state for twenty years, if I know these jackels. They are allowing their friends to use these home loans to access the limited amount of funds available first and then if there is anything left the rest of us can fight over the scraps.


[…] Program (HAMP) and has already voted to kill the FHA Short refinance program and the new Emergency Homeowner Loan Program which would provide 23 months of mortgage assistance unemployed and underemployed home […]


The coming of the new age of progress touted by the Republicans regarding their aggressive and calculated targeting of the lower middle and lower income brackets is , or should be a resounding affirmation to the masses of the greater republic as to what the real agenda of the Republican Party is based upon . The fact that there are individuals that support the Republican Agenda , itself , is the real point of concern because these are the individuals that you , me and every other citizen has dealings with on a day to day basis . Politicians are , for the most degree , figureheads . They ( Politicians ) represent broader constituencies and opinions . As far as Republicans are concerned , their chief concerns are and will always be based upon the $ 85,000 to $ 150,000 dollar income bracket and everything above . There are individuals walking around feeling like their $ 50,000 , or $ 70,000 dollar wage makes them a part of a ” special ” group of people ; it does not .

As Americans , we have allowed our blessings to dull and , in most cases , eradicate our sense of appreciation and humility concerning our ways of life and the things that we have been blessed with . A middle income wage earner is the standard by which a comfortable and sensible degree of living should be able to be obtained and sustained . Also , the middle income wage bracket represents a point of balance ; financially and socially . Lower income Americans should not be disinfranchised from aspiring to better themselves . To aspire to better things means to actively engage oneself within the act of reaching for better things constantly , but we cannot expect anyone to reach for a better tomarrow if we take away their access to the tools that will allow them to do so on their own behalf . The ” Redistribution of Wealth ” tagline that is so overused by economists and Pseudo Conservatives is sickening because , in truth , there is more of a concern on the parts of these people concerning the access to wealth rather than to any degree of redistribution paradigm , or initiative .

The suppression of wages , the lack of quality employment upon a broad scale across a broad cross segment of our society , Intermediary ( Temporary ) assignments counted as jobs , Elevated costs of services ; all of these things serve as control mechanisms .


I have been trying to get a Loan Mod for a year and still having problems with HFC. They just will not help, just keep wanting more and more money and the keep my adjustable rate. I just would like a fixed rate less than what I am paying 9.5%.


I have also been trying to work out a deal for 2 years and get no answers. After filing a bankruptcy the mortgage company refused my payments saying they could not take them till my bankruprtcy cleared, so I banked the money and when it cleared I offered all the back pymnts and said I would continue to pay my loan and Litton Loans still refused the payments and proceeded to forclose on my home and turned me over to a law firm that consisitantly required me to re submit my paper work which cost money to fax. When I lost my job in Feb they moved me to another law firm which has not even contacted me and it is now June. These are very questionable tactics and the government should take back the money and set up a goverment agency to help those of us who need help. Obviously using the private sector is not working they are using the funds for themselves and screwing us. Only in America


I have lived in my home for 17 years. I am a single mother who worked hard all my life, until I had a health issue with diabetes, high blood pressure, copd, enlarged heart all factors with extreme obesity. I had major surgery (gastric bypass). During which I had respiratory failure.I was in a coma for six weeks and woke up on life support. I have struggled since then. I went from almost twenty-five dollars and hour to nine. I managed to survive on disability until the last few years when the cost of living increased but we did not receive a cost of living increase. Now, I am in a situation with my home. They said that making homes affordable requires that since my income is non-taxable, they have to add money that I don’t receive as part of my income (?) Because of this addition, I don’t quality. HELP ME SAVE MY HOME. I DON’T HAVE RELATIVES TO LIVE WITH.


Las Vegas homeowners have seen a decline of over 62% in value in less than 4 years, they are among the worse area in the USA for foreclosures. Las Vegas needs this program, since the other program is not a beneficial to homeowners that fit the criteria of this program.

gregory e borton
July 4th, 2011 at 2:35 pm

i need this asstance been on unemployment on an off over a year realy could use some help running out of money sencerly gregory e borton


the banks will have nothing to do with the process of getting approved for the ehlp i know so many people are in the same boat we are i am hoping for everyone who has written a comment will get approved keep the faith

Isthere anyhelp
July 7th, 2011 at 8:41 am

I have applied for all and any of the mortage progams for help and was denied any help,the banks say that you have to be disable,unemployed,and your spouse has have to have died in that year.What is the chance many of has had all three of these things happening spontanusly while applying for help? Why do they tell us this when they know they aren’t going to help us?,and you guys are right,the workers lie to you,the banks do not take into consideration the drop of the economy,or the people.

I think instead of complaining we the homeowners should get together and fight the banks along with other second/third parties involved.
The banks are winning as long as we complaine and accept thier terms.

Lets put our differences aside and put our brains together and make a difference by showing the banks that they need their customers.


I know how Trish feels. My husband was unemployed for 5 months and somehow his unemployment had a waiting period. I am on disability, so my income is fixed. The government hasn’t given a cost of living raise for 3 years now. My mortgage company is also a debt collector. I have been working with them since January 2010 and still no answers. And yes they get asking to fax the same papers again and again. I have faxed over 100 pages minimum. When they started repeating themselves, I would find the papers, change the date, and fax them again. Sometimes I faxed the same one 6 times. Now I am going through a divorce and this makes things more difficult. My husbands name is on the mortgage, so they won’t talk to me.

It took many phone calls and letters for him to give them permission to talk to me. I have lived in my house for 21 years and have been making modifications for my wheelchair. So moving is not a quick fix.

My mortgage company is Litton Loan. And I would not give their name to anyone looking for a mortgage company. The way I see it, is if they are my mortgage company and also a debt collector, they don’t have anything to lose. It has been 20 months since I started and I feel like quitting. I don’t see a way out. I can’t afford the mortgage because I just have my SSDI coming in.

I am so tired of sending and faxing and answering the phone everyday. And Trish, have you noticed that they will call you, you answer, and no one answers back. Then a few days later they call again. In fact they called twice today. Saying they want to help. They have all the information they need once if not 5 or 6 times.

So far I have not made a mortgage payment since April 2010. I don’t have the money.

The Emergency Homeowner Loan Program, sounds like a dream. And maybe that is what they want us to do. Dream and then tell us Dreams don’t come true.

paul fed-up jackson
October 18th, 2011 at 9:20 am

I’m a dislocated woorker due to lop-sided trade policies killing American jobs. Im enrolled in trade school, which is stae funded for which I am greatful. The course is 18 months long, therefore; I will be un-employed untill after completion. There are great mortgage rates out there which would save me a bundle in this time of hardship, but not for me. My lending institution contacted me urging me to take advantage of these low rates. during the application process, I learned I have a near perfect credit score. When I told them I was unemployed, they said I did not qualify for any type of refinancing due to no source of income. neither unemployment,or seperation benefits qualify as income. The fact that I have lived within my means and saved for hard times and must make my house payment anyway doesnt matter. It seems the only programs available of this type are for the irresponsible. No wander, look at our government. Since the banks, nor the government will listen I suppose Im only venting!!!!!!!!!!!!


i want to do something but not sure where to look for help , value of my house is 200.000 and the balance is 285.000 !!!!!! help


I have been working with bank of america for over a year and i have filled out countless appications they lose or they say something wasnt signed or they did not recieve now that i am seperated my soon to be exhusband signed the house over to me which we agreed upon but now they want a seperation decree. i hav contacted sentors govenors alderman and they all say they are here to help but thier answer we cant guarantee help i have proven now i can make a mortage payment just not my current one at 8.75 interest i really need help i have 2 small boys…who is going to help me….i have gotten the run around over and over….i have googled and research and made calls wrote letters friends neighbors have done the same where is my relief the banks got thier help i want mine…

please help-

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