Texas Homeowners Assistance Program Provides Financial Help to Struggling Homeowners

The Texas Homeowners Assistance Program (TXHAF) is a state-funded program that provides financial assistance to homeowners who are struggling to make their mortgage payments, property taxes, or utility bills. The program was created in response to the COVID-19 pandemic, but it is still open to homeowners who are facing financial hardship due to other circumstances.

To be eligible for TXHAF, homeowners must meet certain income and asset requirements. They must also have a mortgage on their primary residence that is in good standing. In addition, homeowners must be able to demonstrate that they have a financial hardship that is preventing them from making their mortgage payments, property taxes, or utility bills.

TXHAF can provide assistance for a variety of expenses, including:

* Past due mortgage payments

* Up to three months of future mortgage payments

* Property taxes

* Insurance

* Homeowner/condo association fees

* Utility payments

The maximum amount of assistance that a homeowner can receive is $65,000. Of this amount, up to $10,000 can be used for utility assistance.

To apply for TXHAF, homeowners must contact a participating housing counseling agency. The housing counseling agency will help homeowners complete the application process and determine if they are eligible for assistance.

The TXHAF application process is open until all of the funds are allocated. The program is expected to be fully funded by the end of 2023.

If you are a homeowner in Texas who is struggling to make your mortgage payments, property taxes, or utility bills, you may be eligible for TXHAF. Contact a participating housing counseling agency today to learn more about the program and to apply for assistance.

Here are some additional resources for homeowners who are struggling to make their mortgage payments:

* **Homeowners' HOPE Fund:** The Homeowners' HOPE Fund is a national program that provides financial assistance to homeowners who are facing financial hardship due to the COVID-19 pandemic. The fund is administered by the National Foundation for Credit Counseling.

* **Freddie Mac Mortgage Relief Program:** The Freddie Mac Mortgage Relief Program offers a variety of assistance options to homeowners who are struggling to make their mortgage payments. These options include forbearance, deferment, and loan modification.

* **Fannie Mae Homeowner Assistance Fund:** The Fannie Mae Homeowner Assistance Fund offers financial assistance to homeowners who are struggling to make their mortgage payments. The fund is administered by NeighborWorks America.

I hope this article was helpful. Please let me know if you have any other questions.

Source 😁 bard.google.com