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Mortgage payment assistance for income-eligible homeowners impacted by COVID-19 who were at risk of foreclosure.
The program is anticipated to open for applications in March.
Current homeowners
At risk of foreclosure due to a documented COVID-19-related loss of income on or after March 13, 2020
Household income may not exceed: 80% Area Median Income (AMI) at time of application
Pay stub or other documentation prior to and after loss of income
Latest mortgage statement
If you are at imminent risk of foreclosure and need legal assistance, Iowa Legal Aid may be able to assist you at no cost.
Phone: 1-800-532-1275 | Online Help
Once an application is approved, a single, one-time payment will be issued directly to the mortgage servicer.
No, an application is not a guarantee of assistance. Eligible applicants will receive assistance if funding is available. Complete applications are reviewed on a first come, first ready to proceed basis. Only fully completed applications that provide all required documentation will be reviewed for eligibility.
Applicants who receive a notice of incomplete application with instructions to provide missing information must successfully provide all necessary information to move their application forward. Funding will not be reserved for incomplete applications. Applicants who fail to provide all required information or are found ineligible based on the program’s requirements will not receive assistance.
Applications that could be considered eligible may not receive assistance if funding is no longer available under the program based on demand.
Please do not submit another application since duplicate applications will only slow the review process. Instead, email the housing recovery team explaining the error and providing the correct information. Be sure to include your first and last name and complete address in the email and enter the subject line of your email as “FORECLOSURE APPLICATION CORRECTION.”
IFA has contracted with partner organizations to provide administrative support under the program and may contact applicants to request follow-up information.
More information will be forthcoming as guidance becomes available in regard to state taxes for other COVID-19 relief programs. Please reference the Internal Revenue Service Guidance for information on federal taxes as they relate to COVID-19 relief funds.