Hardest Hit UMAP Details
Program Details: Unemployment Mortgage Assistance Program (UMAP)
UMAP provides up to 12 months of payments with a cap of $24,000 (whichever occurs first) to assist unemployed or underemployed borrowers with their first mortgage payments until they can resume full payments on their own.
Additional criteria. Your monthly payment (including principal, interest, taxes, insurance, and association dues of all secured mortgages) must be greater than 31% of the total household’s gross income after the financial hardship event.
The program will also advance up to $18,000 to reinstate a delinquent first mortgage before UMAP payments begin.
The total amount of assistance available under UMAP is limited to $42,000.
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