Resources for Homeowners

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Later this year, Virginia will launch the Virginia Mortgage Relief Program, which will provide homeowners with assistance to prevent and/or ease mortgage delinquencies, defaults, foreclosures and displacement of homeowners experiencing financial hardship due to the pandemic. Financial hardship could include an increase in living expenses, child care, change in household size, job loss or reduction in income, etc. The Commonwealth of Virginia expects to receive approximately $250 million in American Rescue Plan Act funds through the U.S. Department of Treasury. These funds are intended to support homeowners facing housing instability resulting from the COVID-19 pandemic. Virginia Homeowners will be able to request assistance when the program launches in early fall 2021.

>  Learn and read about the Department of Treasury Homeowner Assistance Fund Plan (Virginia Mortgage Relief Program), as submitted to Treasury for approval. [English PDF]  [Spanish PDF]

> Consolidated Term Sheet [English PDF]​  [Spanish PDF]

Mortgage forbearance has been extended. If your loan is backed by HUD/FHA, USDA or VA, the deadline for requesting an initial forbearance is Sept. 30, 2021. If your loan is backed by Fannie Mae or Freddie Mac, there is not currently a deadline for requesting an initial forbearance. You must contact your loan servicer to request forbearance. Learn More

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The Consumer Financial Protection Bureau (CFPB) explains what you should know about mortgage forbearance.

A number of state and federal protections for homeowners have been put in place, including forbearance for those unable to make their mortgage payments because of COVID-19. If that’s your challenge right now, here are the steps you should take.

If You Can’t Pay Your Mortgage:

  • Know your rights and contact your lender: It’s important to get in touch with your lender immediately if you expect to be late or unable to make your monthly mortgage payment.


  • Be prepared to repay what you owe: Understand that mortgage forbearance is not mortgage forgiveness — meaning you still have to pay back what you owe.


  • File for unemployment: Workers whose jobs were halted because of COVID-19 are likely eligible for unemployment benefits.

  • If your property is insured by a Federal Housing Administration (FHA) home mortgage, contact your lender as you may be eligible for special COVID-19 mortgage payment relief options.

  • If you have a home loan from Virginia Housing (VHDA) and have been financially impacted by COVID-19, please visit our COVID-19 webpage for important information.

  • For property owners with private loans, temporary relief is available for if you default on your loan. There is a 30-day extension on foreclosure proceeding. You must show written proof within 90 days of the Governor’s declaration of state of emergency end date.

Managing Your Debt:

If you have debt, you should pay it off in the following order, as a general rule:

  1. Mortgage payments

  2. Outstanding utility bills

  3. Car payments

  4. Other outstanding debt

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Notice to Homeowners Seeking Weatherization Assistance from DHCD:

If you’re a homeowner seeking Weatherization Assistance from the Department of Housing and Community Development (DHCD), please note that for the safety of clients and workers, most, if not all, weatherization subgrantees have temporarily shut down all in-home weatherization work. Offices are generally closed to the public, and administrative staff are working remotely. If you need to apply for weatherization assistance, please contact the weatherization agency that serves your region.