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Posted on: July 6, 2020

CARES Act Mortgage Relief Options


CARES Act Mortgage Relief Options

For homeowners facing hardship due to COVID-19

31 Minnesota credit unions and banks to extend some CARES Act mortgage-relief options to customers without a federally-backed mortgage

•    90-day forbearance period for customers facing financial hardship caused by COVID-19

•    Customers accessing forbearance will not be required to make a lump-sum payment at the end of forbearance plan

•    No late fees or negative credit reporting for customers in a forbearance plan

More information is available by clicking here.

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