UPDATE – 2/16/2021 – Deadlines for an initial forbearance for FHA, VA, and USDA mortgages have been extended to June 30, 2021. Mortgages backed by Fannie Mae and Freddie Mac do not currently have a deadline for requesting an initial forbearance. Contact your servicer for details.
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Since March, millions of homeowners have requested and received forbearance under the CARES Act, allowing them to temporarily pause or reduce their mortgage payments.

It’s not too late to take advantage of these protections, and we encourage you to call sooner rather than later.

For some mortgages the deadline to request forbearance is June 30, 2021.

Don’t wait – help is available to you. Here are the facts you need to know about mortgage forbearance.

Fact 1: Help is available, but you must contact your servicer to request help.
Fact 2: For most loans, servicers cannot require you to repay the amount you skipped all at once (also known as a lump sum). If you are given that option, ask what others are available.
Fact 3: If you are eligible for forbearance under the CARES Act you won’t need to show proof of financial hardship due to the coronavirus pandemic. But you will need to request help from your servicer because of financial impacts from the coronavirus.
Fact 4: Mortgage relief shouldn’t cost you anything. If someone offers you help, but you have to pay an upfront fee, it’s likely a scam.

Learn more on the coronavirus mortgage relief site: https://www.consumerfinance.gov/coron...

The Consumer Financial Protection Bureau (CFPB), is a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you at https://consumerfinance.gov/about-us/

Connect with CFPB:
https://consumerfinance.gov/
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