Volusia County homeowners with Federal Housing Administration (FHA)-insured mortgages struggling to make payments in the aftermath of Hurricane Milton may be eligible for relief assistance.
The U.S. Department of Housing and Urban Development (HUD) encourages such homeowners to contact their lenders to discuss available assistance options.
To help those affected, lenders may provide relief to borrowers who are delinquent on their FHA loans by deferring or suspending foreclosure actions for up to 90 days. In addition, lenders may evaluate homeowners and consider loan forbearance plans or other loss mitigation options to help residents keep their homes. Homeowners are encouraged to contact their mortgage servicer directly to learn more about their specific options.
Through its Housing Counseling Agency, HUD also offers free foreclosure prevention counseling available to all homeowners, regardless of mortgage type. Residents can contact a certified housing counselor by calling 800-569-4287 or using HUD's online locator to find local assistance.
For further guidance, homeowners with FHA-insured mortgages should contact the FHA Resource Center at 800-304-9320.
HUD also recommends that homeowners with conventional mortgages contact their lenders as they may have disaster relief programs that lenders can provide assistance with. .
