I’ll never forget the sinking feeling when I realized I might not make my next mortgage payment. For me, it wasn’t just about the money—it was about the fear of losing the place I called home. If you’re reading this, you might be feeling something similar. Fortunately, many people have been in this position, and there are resources available, including several charities that provide assistance with mortgage payments.
Let’s walk through the steps together on how to get the help you need and avoid the stress of potentially losing your home.
How It All Begins: Falling Behind on Mortgage Payments
Missing a mortgage payment is more common than you think. It might start with an unexpected medical bill, a sudden job loss, or even reduced income due to a global crisis (like the COVID-19 pandemic). Before you know it, one month of missed payments turns into two, and suddenly the notices from your lender start arriving.
This is where many people feel stuck. But here’s the good news: charities and nonprofit organizations are stepping up to provide help.
Charities That Offer Mortgage Payment Assistance
Several charities understand the importance of keeping families in their homes, and they’ve developed programs designed to prevent foreclosures. Here are some of the top organizations that may be able to help you out of a tight spot.
1. The Salvation Army
The Salvation Army has been around for over 150 years, providing support to families in need. Their Emergency Assistance Program often includes mortgage and rent relief for individuals who are facing eviction or foreclosure. Depending on your location, you might qualify for immediate financial aid.
2. Catholic Charities USA
Catholic Charities is another major organization with branches all over the country. Their Housing Services Program often provides short-term financial help to keep homeowners in their homes. What makes them stand out is their holistic approach—they don’t just provide funds; they offer financial counseling, too, so you can get back on track for the long term.
3. Habitat for Humanity
While most people know Habitat for Humanity for building affordable housing, many branches of this charity offer foreclosure prevention services as well. They might provide mortgage relief assistance directly or connect you with partner organizations that can help. Habitat for Humanity often focuses on empowering individuals to maintain their homes and avoid losing them.
4. United Way
United Way is a broad-reaching charity that works with a network of organizations to support individuals in financial crisis. Through their 211 service, they can connect you with local resources that offer mortgage assistance. The great thing about United Way is that they’re a connector—they’ll help you find the right fit for your specific needs.
5. Modest Needs
Modest Needs is a charity that focuses on helping people before they fall into poverty. Their Self-Sufficiency Grants are specifically designed to help people make a one-time payment, which could include covering overdue mortgage bills. The application process is thorough, but it’s well worth it for the relief it can bring.
How to Apply for Help
Navigating the process of applying for mortgage relief can feel daunting, but here’s a breakdown of the steps you’ll typically follow:
1. Gather Your Financial Documents
Before applying, make sure you have the following:
- Mortgage statement showing how much you owe
- Proof of income (pay stubs, bank statements)
- Documentation of any financial hardship (medical bills, layoff notices)
2. Contact the Charity Directly
Each charity has a unique process. You’ll usually need to fill out an application, either online or in person. Be prepared to explain your situation in detail, including what led to the financial strain and how the charity’s assistance will help you stay in your home.
3. Be Patient, But Persistent
Charities have limited funds and a lot of requests, so it might take some time to hear back. However, don’t hesitate to follow up on your application if you haven’t received a response after a couple of weeks. Some people give up too early and miss out on the opportunity for help.
Other Options Besides Charities
If you’re in a pinch and can’t immediately find help through charities, there are other paths you can explore to keep your mortgage under control:
Government Assistance Programs
There are federal programs like the Homeowner Assistance Fund (HAF) and state-specific initiatives that can provide mortgage relief during tough times. These programs often offer grants or forgivable loans to help cover overdue payments.
Loan Modifications and Forbearance
Reach out to your mortgage lender and explain your situation. Many lenders are willing to offer temporary relief through loan forbearance (pausing payments) or loan modification (adjusting the terms to make payments more affordable).
The Road to Recovery: Staying Ahead of Your Mortgage
Once you’ve secured help, whether through a charity or another resource, it’s time to start planning for the future to prevent falling behind again.
Here are a few tips to stay on track:
- Create an Emergency Fund: Even a small amount set aside each month can give you a cushion if something unexpected happens.
- Budget Effectively: Keep track of your spending to ensure that you’re prioritizing mortgage payments above non-essential expenses.
- Seek Financial Counseling: Many charities, like Catholic Charities, offer financial counseling to help you manage your mortgage and create a sustainable plan for the future.
In Conclusion
When you’re struggling to make mortgage payments, it can feel like you’re facing an insurmountable mountain. But with the right help, that mountain becomes much easier to climb. Charities like The Salvation Army, Catholic Charities, and Habitat for Humanity are doing incredible work to ensure families can stay in their homes. If you’re struggling, remember that you don’t have to face it alone. Reach out, apply for help, and take that first step toward financial stability.