An eviction and foreclosure moratorium that went into effect on March 18, 2020, has been extended through June 30, 2020. During that time, homeowners:

• Will not be charged late fees

• Will not be evicted from their homes

Lenders:

• Will not initiate foreclosure proceedings

• Will suspend foreclosure proceedings already in process

Federally-backed home loans can get six months of mortgage help. Federal Housing Administration (FHA) reverse mortgages are eligible too.

If you’re having trouble making payments because of the coronavirus pandemic, your loan servicer must:

• Defer or reduce your payments for six months if you contact your loan servicer to make arrangements
• Give you another six months of mortgage relief at your request
• Offer options for how you can make up the deferred or reduced payments. They will discuss these options with you at the end of your forbearance period.

Make sure you know your rights before you contact your loan servicer. Read this consumer relief guide to mortgage payment forbearance and foreclosure protection under the Federal CARES Act (PDF, Download Adobe Reader).

If you don’t know whether your mortgage is federally-backed, see a list of federal agencies that provide or insure mortgages. You can also check the Fannie Mae loan lookup and the Freddie Mac loan lookup to see if either one owns or backs your mortgage. Together, Fannie Mae and Freddie Mac own nearly half of all mortgages in the U.S.