I can’t pay my home mortgage because of financial problems related to the Coronavirus emergency. What do I do?

Governor Lamont reached an agreement with over 50 banks and credit unions on March 31, 2020 to provide mortgage payment help to the state’s residents affected by the COVID-19 pandemic. 

These are the relief policies offered by these financial institutions:

• 90-day grace period for all mortgage payments: Participating institutions are offering mortgage payment forbearances of up to 90 days. Homeowners can use this to reduce or delay their monthly mortgage payments.

• Relief from fees and charges for 90 days: These institutions are also waiving or refunding mortgage-related late and other fees, including early CD withdrawals.

• No new foreclosures for 60 days: Financial institutions will not start any foreclosure sales or evictions.

• No credit score changes for accessing relief: Late or missed payments will not be shared with credit reporting agencies.

• The Connecticut Housing Finance Authority (CHFA) will be providing $10 million in resources to assist certain homeowners who are unable to pay their mortgage due to COVID-related impacts.
  
  For more information, please refer this press release:https://portal.ct.gov/Office-of-the-Governor/News/Press-Releases/2020/06-2020/Governor-Lamont-Announces-Assistance-for-Renters-Homeowners-and-Residential-Landlords