Home Savers Offers Nonprofit Loan Program to Montgomery County Residents
Home Savers is an interest-free, micro-loan program intended to assist homeowners who are at risk of losing their homes due to HOA and condo fees or property tax default. This program is open to all residents of Montgomery County and is offered through Asian American Homeownership Counseling, Inc.
The program offers assistance in paying overdue condo and HOA fees or property taxes up to $4,000 and negotiates payment plans for the difference owed. Additional features include a repayment period of 12 to 24 months with no interest and free money management, credit education, and benefit check-ups.
Low to moderate income families residing in Montgomery County are eligible for this program. Property must be your primary residence and mortgage payment and escrow must be current except for seniors with reverse mortgage defaults. You must also prove ability to repay.
For more information and to sign up for an orientation session, call 301-760-7636 or e-mail firstname.lastname@example.org.