The Emergency Homeowners Loan Program (EHLP), will provide emergency mortgage assistance to homeowners who are temporarily and involuntarily unemployed due to the economy or a medical condition and are at risk of foreclosure. The EHLP can provide eligible homeowners with a 0% interest, forgivable loan that pays past-due mortgage payments, as well as a portion of the homeowners mortgage payment for up to 24 consecutive months, or up to $50,000, whichever comes first. This federal program has specific eligibility criteria, and pre-applications will only be taken from June 20th through July 22nd. Pre-application worksheets are available from www.FindEHLP.org. Homeowners should know that there is no fee associated with the counseling or the loan - any company asking for a fee to participate in the EHLP program is probably a scam.
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