Virginia Mortgage Relief Program to close applications

Virginia Housing: “Today, the Virginia Mortgage Relief Program (VMRP), administered by Virginia Housing, announced that the program is closing to new applicants effective October 1, 2023.”

“The Commonwealth’s federal funding is limited, but VMRP will continue to operate until the program reaches full disbursement of the funds received from the American Rescue Plan Act and the U.S Department of Treasury.”

“Virginia homeowners financially affected by the COVID-19 pandemic who may benefit from this assistance are encouraged to apply as soon as possible. Eligible applications submitted prior to October 1, 2023, will be processed based on remaining funding availability, with applicants at risk of foreclosure taking priority in the process.”

“Since the program launched on January 3, 2021, VMRP has worked with applicants and participating servicers to offer relief to Virginia’s homeowners to avoid default, foreclosure, or displacement.”

“To date, VMRP has assisted over 10,000 households across the Commonwealth and disbursed more than $171 million in assistance to eligible homeowners.”

“‘To the homeowners struggling to pay their mortgage or other homeownership-related expenses during these challenging economic times, VMRP provides valuable support and assistance to help ease the financial strain and keep families in their homes,’ said Malika Mickey, VMRP Manager. ‘We encourage those who have not applied and need assistance to do so now as funds are limited.'”

“Virginia homeowners in need of assistance with past due mortgage and/or other qualified home ownership-related delinquencies can find more information on program eligibility and apply online.”

“Or by contacting the VMRP Call Center at 833-OUR-VMRP (833-687- 8677), Monday through Friday, from 8 a.m. to 8 p.m.”

“Homeowners who do not qualify for VMRP and need assistance with their mortgage and other housing-related expenses, should contact a HUD approved housing counselor and/or their mortgage servicer.”