Homeowners struggling to make their mortgage payments may be eligible for up to $20,000 in assistance and up to $10,000 to bring their mortgages current. Beginning July 31st, residents of Linn and Lincoln counties can apply for the Home Rescue Program. This program is designed to help Oregon homeowners avoid foreclosure by making their monthly mortgage payments for up to one year.
To qualify, homeowners must be able to show at least a 10% drop in current income compared to 2011 or 2012. An eligibility questionnaire, a complete list of qualification requirements and application cycle schedule can be found on the Home Rescue Program page at www.oregonhomeownerhelp.org.
“This program will help local homeowners stay in their homes so they can focus on recovering from the difficult economic times we have been experiencing.” said Dina Eldridge, Housing Services Manager at Community Services Consortium. “If you are struggling to pay your mortgage, don’t hesitate to contact us for help.”
The next opportunity to apply for the program is Wednesday, July 31st at noon. Application slots are limited so people struggling to pay their mortgage shouldn’t hesitate to apply. New applicant slots will be available every two weeks on Wednesdays at noon until all program funds have been exhausted. A complete availability schedule and more information about how to apply can be found on the program page at www.oregonhomeownerhelp.org.
Throughout Oregon, the Home Rescue Program is expected to help an estimated 2,500 homeowners stay in their homes. To date, programs offered by the Oregon Homeownership Stabilization Initiative (OHSI) have assisted more than 7,500 Oregon homeowners statewide.
Homeowners without internet access can visit the following CSC offices:
Linn County
Community Services Consortium
250 Broadalbin St SW, Suite 2A (upstairs in Two Rivers Market downtown)
Albany, OR 97321
Lincoln County
Community Services Consortium
120 NE Avery Street (upstairs)
Newport, OR 97365
or call OHSI customer service at 503-986-2025 for more information.
