You may qualify for the pandemic forbearance plan if you have a federally backed loan (Fannie Mae, Freddie Mac, FHA, VA, USDA) and COVID-19 has impacted your ability to make your mortgage payment. Your property must fall into one of the following:
• Single-family residence
• 1-4 family residence
• Individual unit of a condominium or cooperative
You can count on CMC Funding, Inc to follow the established Fannie Mae, Freddie Mac, FHA, VA and USDA guidelines and to stay up-to-date on newly issued guidance as it is provided.
Keep in mind, if you do not have this type of loan, you may still qualify for a forbearance or other relief option depending upon programs offered by your loan investor programs.