Mortgage Assistance

This information can change, please double-check sources for information, and continue to monitor sources or back here for updates.

As of March 31st, 2021, Oregon Homeownership Stabilization Initiative closed their COVID-19 Mortgage Assistance Program.  However, Oregon has opened the Homeownership Assistance Fund to those who fall within their Phase 1 guidelines. The first phase of funds are allocated to people who are in most need of assistance, but the program plans to open up in more broad phases by early 2022. The application, eligibility requirements and phases can be found on the Homeownership website.  Homeowners in need should talk to a nonprofit housing counselor about your immediate options before applying for the Homeownership Assistance Fund, as the fund may prevent you from taking advantage of other assistance options. You can locate a state approved housing counselor near you at the Oregon Homeownership Center.


Effective August 16, 2021, Governor Kate Brown has extended the legislature's foreclosure moratorium through December 31, 2021. 

This moratorium prevents Oregonians who own their homes from losing their homes to foreclosure if they have lost income and been unable to pay their mortgage during the COVID-19 pandemic. House Bill 2009 authorized the governor to extend the mortgage foreclosure moratorium period for two successive three-month periods beyond June 30. The Governor previously issued Executive Order 21-14, extending the moratorium until September 30, 2021. The extension until December 31 is the last extension allowed under House Bill 2009.

 

Know Your Rights: Foreclosure Moratorium FAQs

Conocer Sus Derechos: Moratoria de ejecución hipotecaria

Oregon Homeownership Assistance Fund FAQ

Homeowners with federally backed mortgages may be eligible for additional protections under the federal CARES Act through December 30, 2020.

HUD Cares Act Mortgage FAQ

Do I have a federally backed mortgage?

Department of Consumer and Business Services: Emergency steps for mortgage loans

Further mortgage assistance programs and resources across Oregon can be found here

 

If you would like assistance finding resources, contact us.