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  • Writer's pictureFCRHA

Have You Heard About the Virginia Mortgage Relief Program?

The Commonwealth of Virginia received approximately $250 million in American Rescue Plan Act funds to launch the Virginia Mortgage Relief Program to assist homeowners who have experienced financial hardship as a result of COVID-19 – such as an increase in living expenses, childcare, change in household size, job loss, or reduction in income.

Earlier this year, the cap on the maximum amount of assistance to eligible Virginia homeowners was raised to $40,000. Homeowners experiencing a financial hardship due to COVID-19 after January 21, 2020, with a delinquency amount of $40,000 or less may now be eligible for assistance regardless of the number of months payments are past due.

The Virginia Mortgage Relief Program can cover:

  • Mortgage payment assistance on first and subordinate mortgages, including down payment assistance loans provided by nonprofit or government entities.

  • Financial assistance to allow a homeowner to reinstate a mortgage or to pay other housing-related costs related to a period of forbearance, delinquency, or default.

  • Homeowner’s insurance, flood insurance, and mortgage insurance.

  • Homeowner’s association fees or liens, condominium association fees, special assessments, or common charges.

  • Payment assistance for delinquent property taxes to prevent homeowner tax foreclosures.

  • Personal property taxes and, in some cases, lot rental fees on unaffixed mobile homes. However, applications for lot rent only are not eligible under the Virginia Mortgage Relief Program, but may be under the Virginia Rent Relief Program.

If you are a homeowner seeking assistance, please visit to determine your eligibility for assistance through the Virginia Mortgage Relief Program and to begin the application process.

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