Reverse Mortgage Benefit
Funding Amount
Up to $40,000
Deadline
Rolling / Open
Grant Type
foundation
Overview
Reverse Mortgage Benefit
Geographic Scope: Oregon statewide
Focus Areas: Mortgage foreclosure prevention
Overview: The Reverse Mortgage Benefit is for homeowners with a Home Equity Conversion Mortgage (HECM) that is behind due to charges (including taxes, insurance and homeowner association fees) advanced by their lender. To fully reinstate the account, this program can provide a maximum benefit up to $40,000, paid directly to the reverse mortgage servicer.
Eligibility: Homeowners with HECM mortgages behind on advanced charges
Loan Terms: No-interest, five-year forgivable loan for which a lien will be recorded against the property
Contact/Application: www.oregonhomeownerhelp.org
How to Apply
Application Process
Apply through the following portal: www.oregonhomeownerhelp.org
Focus Areas & Funding Uses
Fields of Work
Categories
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