Eligible households could receive up to $40K for past due mortgage payment assistance, and up to $25K to pay past due property taxes, property insurance, and delinquent HOA and/or condo association fees.
with more than $840 million allocated to help qualified homeowners from the American Rescue Plan Act of 2021.
Payments will be sent directly to mortgage servicers and/or appropriate property payees once a homeowner’s application has been approved, says TDHCA.
Proof of Income. The homeowner must enter a monthly income figure that is equal to or less than 100% of AMI. On the income screen, applicants must provide income documentation, such as paystubs. Delinquent Statement. A statement or statements showing delinquent mortgage loan payments and/or delinquent property charges, which include delinquent property taxes, HOA fees or liens, or insurance.
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