Wisconsin homeowners can still get up to $50,000 for their mortgage

Jake Wells

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Are you a homeowner in Indiana that is struggling financially to pay your mortgage, property taxes, and other home-related expenses? You'll likely want to apply online to get some money through the Homeowner Assistance Fund where you may be eligible to receive up to $40,000 in funds from the government.

Assistance below $10,000 will be provided as a grant. While assistance over $10,000 will be structured as a 1-year, non-interest bearing, non-amortizing forgivable loan. The loan is due in full upon sale, refinance, or transfer of ownership. If no resale, transfer, or refinance occurs within 1 year and the homeowner remains in the home, the loan will be fully forgiven. (source)

This program is a part of the American Rescue Plan Act of 2021. This federal program provides up to $9.961 billion for every state, territory, and tribal entity in the United States (source). The purpose of it is to help Americans avoid housing instability during the economic disruption of the past couple of years.

How do you know if you qualify?

First you have to live and own a home in Wisconsin as your primary residence. Then you have to have experienced financial hardship after January 21, 2020 such as lost income or higher expenses due to COVID-19. You must also meet the income requirement of 100 percent area median income or less.
Click here to check the income requirements in your area. If you think you qualify, apply here today by going here.

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