State Home Mortgage: COVID-19 updates
Our State Home Mortgage team understands the concern and uncertainty customers may be experiencing surrounding the coronavirus (COVID-19) and is committed to being responsive to the needs of customers and employees.
The passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act stipulates that every borrower who attests that they have been directly or indirectly impacted by the COVID-19 pandemic, regardless of delinquency, is entitled to a forbearance plan.
What is a forbearance plan? A forbearance plan provides a temporary suspension or reduction of your mortgage payments for a specific period during a temporary hardship, such as unemployment.