Starting May 3, 2021, Vermont Housing Finance Agency (VHFA) accepts applications for the second round of the Vermont COVID Emergency Mortgage Assistance Program (MAP). It helps Vermont homeowners who faced economic hardship because of the COVID-19 pandemic.
This program is available to Vermonters with mortgage payments on their primary residence who meet the income requirements. You don’t need to have a VHFA mortgage. The program only helps people with mortgages created before March 1, 2020.
The program could pay up to 12 months of missed mortgage payments.
If you have a mortgage and you have past-due property taxes, you can apply for money to pay up to 12 months of past-due property taxes.
If you applied before, or received MAP help before, you can still apply for this new round of help. If you got a mortgage forbearance (postponement), apply today to get help before the forbearance expires.
To be eligible, your adjusted gross income cannot be more than $84,000 in 2020 or up to $21,000 total income in the last 90 days. For homeowners in Chittenden County the limit is $96,000 in 2020 or $24,000 in the last 90 days.
If you own a mobile home and have a loan on it, you may be eligible as well. (You may also be able to get help with past-due lot rental payments through the Vermont Emergency Rental Assistance Program (VERAP) program).
Before you can get mortgage assistance payments, VHFA will talk to your mortgage servicer about your mortgage debt. You can make sure that VHFA has the right contact information by calling your servicer and asking for the name and telephone number of the person VHFA should call about your mortgage. You can also send a Request for Information letter to your loan servicer, asking for contact information and giving your loan servicer permission to call VHFA directly to talk about your mortgage. Use our sample Request for Information letter.
If you need help applying for MAP, contact:
For more information about the program and to apply, see VHFA’s Vermont COVID Mortgage Assistance Program website.