Foreclosure Rescue Loans
Washington Stabilization Fund Provides Rescue Loans
HomeSight can now help homeowners facing foreclosure save their home with rescue loans. The Washington Homeowner Stability Fund has been created with a $5.5 million grant from the Washington State Attorney General’s Office. This rescue loan program offers qualified homeowners deferred loans of up to $30,000 at zero-to-2% interest to keep families in their homes and in their communities.
Homeowners will receive free foreclosure prevention counseling from a HUD-certified housing counseling agency. Foreclosure prevention specialists will provide clients with an assessment of their situation and review program rules and guidelines. These guidelines help determine eligibility, and the foreclosure prevention specialist will be able to explain how the program works and how the loan can help.
Homeowners should not assume they will not qualify.
Homeowners should get in touch with a HUD-certified counseling agency as soon as possible in order to start the process of saving their home and regaining stability. Interested parties can contact the Washington Homeownership Resource Center at 877-894-4663.
NMLS #49289. Click here for the HomeSight NMLS access page