Mortgage Help for Homeowners Impacted by the Coronavirus

With the growing financial uncertainty regarding the Coronavirus, the US Government is taking steps to help people who may have trouble paying their mortgage.  One way in which the government is trying to help is with the CARES act. This allows the government to grant relief if you have a government insured loan through FHA, Fannie Mae, or Freddie Mac.

In other terms, if you are paying your mortgage to HomeLoanServ then you may qualify for this program. Call Idaho Housing immediately at 800-526-7145 or email them at

If you become ill, lose your job/hours, are quarantined, or experience any other financial hardship resulting from the Coronavirus, then you may be eligible to receive a mortgage forbearance (a pause on making your mortgage payment) for up to 12 months. During this time you may be be eligible for the following:

  • A six-month pause on making your mortgage payment with an option to extend for an additional six-months
  • An exemption from late payments
  • An exemption from delinquencies reported to the credit bureaus
  • A suspension of foreclosure and other legal proceedings

There may be further assistance in the future to help as well.

If you are unfamiliar with the word “Forbearance” the term means your payments will not be owed in the present, nor will non-payment affect your credit. It’s like a pause. Payments will still need to be made in the future. Interest may continue to accrue during this time, however. You will be able to end your forbearance when you wish.

The main takeaway: Call HomeLoan Serv now. There may be help available.

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