Volusia County Homeowners with FHA Mortgages may Qualify for Assistance after Hurricane Milton

Posted On: November 4, 2024

Volusia County homeowners with Federal Housing Administration (FHA) insured mortgages struggling to make payments due to Hurricane Milton's impact may qualify for relief assistance. The U.S. Department of Housing and Urban Development (HUD) encourages such homeowners to contact their lenders to explore available support options.

To aid those affected, lenders may provide relief by postponing or halting foreclosure actions for up to 90 days for borrowers with delinquent FHA loans. In addition, lenders may evaluate homeowners for loan forbearance plans or other loss mitigation options that could help residents retain their homes. Homeowners are urged to contact their mortgage servicer directly to learn more about specific options.

HUD also offers free foreclosure prevention counseling through its housing counseling agencies, available to any homeowner regardless of mortgage type. Residents can connect with a certified housing counselor by calling 800-569-4287 or using HUD's online locatorto find local assistance.

For further guidance, homeowners with FHA-insured mortgages can contact the FHA Resource Center at 800-304-9320. HUD also recommends that homeowners with conventional mortgages contact their lenders, as they may offer disaster relief programs that could provide assistance.