STRUGGLING homeowners may be wondering what support is available - and whether there's a mortgage stimulus program.
Is there a mortgage stimulus program?
This is known as the Homeowner Assistance Fund (HAF), which was part of President Joe Biden’s American Rescue Act.
The fund provides nearly $10billion for states, the District of Columbia, as well as other US territories.
These funds can be used for assistance with mortgage payments, homeowner’s insurance, utility payments, and more.
Although the support comes from federal funds, the cash is sent out to states to then distribute it.
Who is eligible and how to apply explained?
The fund is available for those who've experienced financial hardship after the pandemic initially hit the US.