Financial assistance for homeowners to pay mortgage

Financial Help for Homeowners

July 10, 2022
Options such as Homeownership Assistance Funds (HAF) may provide financial relief for qualified homeowners who are struggling to pay their mortgages 

As a result of the COVID-19 pandemic, many homeowners have experienced significant challenges making their mortgage payments. In some cases, homeowners entered loan forbearance – and many of those programs have ended or will be ending soon.

If you are exiting loan forbearance or anticipate difficulties making your mortgage payments in the coming months, we put together a few resources that may be helpful. Much of this information comes from the Consumer Financial Protection Bureau (CFPB), which can assist homeowners in navigating financial hardships.

Homeowner Assistance Fund

Many states have begun accepting applications for federal aid from the CARES Act in the form of the Homeowners Assistance Fund (HAF). State agencies accept applications, review them for approval, and work with mortgage loan servicers to ensure that qualified homeowners receive assistance.

At Waterstone Mortgage, our loan subservicer is already set up to work with many state agencies for processing HAF payments. Learn more about HAF programs and find out if you may qualify.

You can also find out if your state supports HFA programs by visiting the National Council of State Housing Agencies (NCSHA) website. Search HAF programs by state.


If you’re having a difficult time making your mortgage payment due to COVID-19, visit the CFPB website to learn about forbearance, who your servicer is, and much more. Learn more about assistance for homeowners.

If you are already in forbearance and are concerned about what will happen as your forbearance period ends, the CFPB outlines several options for exiting forbearance.

Additional Options

If you have exhausted all of your options and are concerned about losing your home, reference the CFPB’s resources for avoiding foreclosure.

We understand that this is a difficult time for many, and we aim to provide the best resources possible to help our past and current customers maintain their homeownership goals. For additional guidance, contact the CFPB.