Mortgage Relief Options for Homeowners Affected by Hurricane Irma

Irma_John Carkeet_Sebring FL_09.11.17_Flickr CC License
A home flooded by the impacts of Hurricane Irma in Sebring, FL on September 11, 2017.
Photo Credit: John Carkeet, Creative Commons License

Federally regulated Fannie Mae and Freddie Mac have come together to get the word out about mortgage relief options for those affected by recent natural disasters, including Hurricane Irma.

Below are resources to share with friends, family, co-workers, and stakeholders who were affected by Irma.

What help is available?

If you are affected by the recent hurricane, you are eligible to temporarily stop making your monthly mortgage payment for up to 12 months. At the end of this temporary payment break:

  • You won’t have late fees.
  • You won’t have delinquencies reported to the credit rating agencies.
  • You won’t have to catch up on all of your payments at once.
  • You can work with your servicer to resume making a mortgage payment that is similar to what you paid before the disaster. Or if you need additional assistance, you can work with your servicer on options to keep your home.

Contact your mortgage servicer (the company where you send your monthly payments) as soon as possible to let them know about your current circumstances. The telephone number and mailing address of your mortgage servicer should be listed on your monthly mortgage statement. You also can look it up on the Mortgage Bankers Association website at www.mba.org/news-research-and-resources/hurricane-relief.

If you are having difficulty contacting your mortgage servicer, contact the Homeowner’s HOPE Hotline at 1-888-995-HOPE (4673) for assistance and free confidential support from a HUD-approved housing counselor.

Helpful Resources:

Fannie Mae:

Freddie Mac:

FEMA: 

  • The Federal Emergency Management Agency (FEMA) offers assistance and information about dealing with a disaster on their website at www.fema.gov.
  • Visit their website to find information specific to Hurricane Irma at www.fema.gov/hurricane-irma.
  • To locate federal, state, and local resources and assistance, you can also go to www.disasterassistance.gov.

Other helpful resources can be found on The U.S. Department of Housing and Urban Development (HUD) website at www.hud.gov and the American Red Cross website at www.redcross.org/get-help.

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