Relief Options for FHA Loans

Homeowners falling in the rear on an FHA loan should know that:

• Iif your home was spoiled or your income reduced because of a hurricane, tornado, flood, wildfire, or other natural or man-made event -- and your home or job is in an area that the President confirmed a disaster area -- your lender will not start foreclosure for 90 days. Read more about what homeowners and lenders need to know.


• If you or your spouse is on active military duty, you may qualify for a reduction in your interest rate -- and, thereby, condensed payments. Read about how the Service members Civil Relief Act (formerly known as the Soldiers' and Sailors' Civil Relief Act of 1940) affects military homeowners, and what lenders require to know.


• If you work with your lender, you may be able to save your home.