Mortgage Assistance Program (MAP)
This program is intended to provide temporary financial assistance for underemployed as well as those unemployed homeowners who have experienced involuntary job loss and/or severe reductions in income.
MAP will assist qualified homeowners by paying up to $1000 of the monthly 1st mortgage payment (principal, interest, taxes and insurance only). The borrower will be responsible for contributing a minimum of$75 per month toward completing the full payment due. Assistance lasts for up to 9 months.
Borrowers will submit their partial payment to Nevada’s Hardest Hit Funds where it will be combined with program funds and a full remittance made to the Lender/Servicer.
- Legal US Resident
- Home iscurrently owner occupied
- Borrower must be facing imminent default (no contrived defaults)
- Applicant must be experiencing financial hardship due specifically to underemployed or unemployed status
- Hardship Affidavit
- Mortgage balance must not exceed $417,000
Homeowners that receive benefit assistance are required to own and occupy the subject property for 3 years following the date assistance was initiated. You will be required to sign a promissory note which will be recorded for the amount of assistance received. This note bears zero percent interest and is forgiven over a 3 year period which commences when assistance is provided.
Additional terms and conditions may apply.
For more information, call toll-free 1 (855)428-HELP (4357).