Worried about your Mortgage?

Many homeowners are experiencing financial hardship during the COVID-19 pandemic or are worried that they will experience such hardship soon. Here is a comprehensive guide for all you need to know that was issued by the Housing Finance Policy Center of the Urban Institute.  The Guide to Mortgage Solutions During the COVID-19 Pandemic will help homeowners who are worried about making their mortgage payments understand what resources may be available and how to obtain it. 

The Urban Institute is the trusted source for unbiased, authoritative insights that inform consequential choices about the well-being of people and places in the United States. They are a nonprofit research organization that believes decisions shaped by facts, rather than ideology, have the power to improve public policy and practice, strengthen communities, and transform people’s lives for the better.

Have you checked your Credit Report Lately?

It’s always important to keep an eye on your credit report to ensure there aren’t any errors or fraudulent activity. This is especially true during COVID-19 because of its impact on the economy and an increase in potential scams. As you know, your credit score is based on your credit report so you want to be sure to correct any errors as soon as possible.

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FHR Public Statement on Racism and Housing

At Family Housing Resources, our vision is a community with equal access to quality, affordable housing, and pathways to increased wealth and financial freedom. We dedicate our work to providing resources and improving access to what is a basic human right, housing.

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#GivingTuesdayNOW Video Update

Meghan Heddings, Executive Director

In honor of #GivingTuesdayNow Family Housing Resources (FHR) Executive Director Meghan Heddings shares a brief update on COVID-19 safety meassures, Down Payment Assistance (DPA) thank yous, and the outreach happening at our residential properties. We invite you to keep connected through our newsletter and would be so grateful if you are moved to make a donation to our work.

Mortgage Relief for Homeowners

If you are experiencing a hardship such as job loss, income reduction, or sickness due to COVID-19 and you are no longer able to make your mortgage payment, your mortgage servicer is available to help with mortgage relief options, including:

  • Payment relief through a forbearance plan offers a reduction or suspension of your mortgage payments for up to 12 months, offered in increments of up to six months
  • Late fee relief during your forbearance plan period
  • Repayment options following your forbearance, including a repayment plan to catch up gradually or a permanent loan modification that aims to maintain or reduce your monthly payment

Additionally, foreclosure and eviction relief may be available through the federal CARES Act signed into law on Friday, March 27, 2020.

Contact Your Mortgage Servicer: If you’re concerned about your mortgage payments, take the first step and call your mortgage servicer—that’s the company listed on your monthly statement— to request help. Have your financial information handy when you call and note that many servicers are experiencing increased call volumes and hold times due to COVID-19.

Source: https://www.knowyouroptions.com/covid19assistance

Notice of Continued Operations

Hello valued client. We hope you are doing well and staying safe during these difficult times. Although many businesses have had to close temporarily due to the Covid-19 pandemic, we continue to offer services to the community. You can continue to contact the main office phone number at 520-318-0993 or send an email to info@fhrinc.net for any questions or other inquiries. Voicemail and email messages will be checked and returned regularly. 

Due to recent social distancing guidelines instituted by the CDC and the state of Arizona, FHR’s in-person Homebuyer Education Workshop has been suspended. Fortunately, we can offer the Homebuyer Education Workshop online at a discounted price for FHR’s clients. This online workshop, through eHome America, meets the same requirements for Down Payment Assistance that FHR’s in-person workshop provides. FHR’s in-person Homebuyer Education Workshop will return once it has been deemed safe to do so. Housing counseling appointments are also be conducted telephonically until further notice. Submission of documents can be completed electronically on FHR’s Client Portal on fhrtucson.org or via email. Thank you very much for your support and patience while we adjust to changes in operations to ensure the safety of our clients!