If you are a homeowner whose home or place of employment has been impacted by recent hurricanes and your mortgage is owned by Freddie Mac, contact your mortgage company right away to discuss your mortgage relief options.
Mortgage Help for Homeowners
Freddie Mac and Fannie Mae have come together to get the word out about mortgage relief options for those affected by the recent hurricanes.
In Major Disaster Areas, like Florida, Georgia, Puerto Rico, Texas, and the U.S. Virgin Islands, where federal Individual Assistance programs have been extended, your mortgage company is authorized to:
- Suspend mortgage payments for up to 12 months.
- Waive assessments of penalties or late fees.
- Suspend reporting mortgage loan delinquencies to the nation's credit bureaus.
Homeowners suffering from hardships unrelated to recent hurricanes may be eligible for Freddie Mac's standard relief options such as suspending mortgage payments or a mortgage modification. It's important to contact your mortgage company as soon as possible to discuss your situation and explore your options.
Other Information and Resources
Follow our 2017 Hurricane Help blog series, for important information that you need to get help.