Get the free CARES Act Forbearance Fact Sheet for Borrowers with FHA, VA, or USDA Loans

Forbearance AttestationNewRez Loan Number:___Lender Loan Number:___Borrower Name:___Property Address:___ ___As an Authorized Agent of not currently in Active forbearance and that the Borrower (s)

How to fill out cares act forbearance fact

How to fill out cares act forbearance fact

1. To fill out CARES Act forbearance form, follow these steps:
2. Obtain a CARES Act forbearance form from your loan servicer or download it from their website.
3. Fill in your personal details such as name, address, loan account number, and contact information.
4. Provide information about the type of loan you have, including the loan program, principal balance, and interest rate.
5. Indicate the reason for requesting forbearance, such as financial hardship due to COVID-19.
6. Specify the duration of forbearance you are requesting, whether it be a specific number of months or until a certain date.
7. Sign and date the form.
8. Submit the completed form to your loan servicer via mail, email, or through their online portal.
9. Keep a copy of the filled form for your records.

Who needs cares act forbearance fact?

1. Anyone who is experiencing financial hardship due to the COVID-19 pandemic can benefit from CARES Act forbearance.
2. This includes individuals who have federal student loans, mortgages backed by federal agencies (such as FHA, VA, or USDA), or federally-backed multifamily mortgages.
3. If you are struggling to make payments on these types of loans and need temporary relief, you may qualify for forbearance under the CARES Act.

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What is cares act forbearance fact?

The CARES Act forbearance fact refers to the provisions under the Coronavirus Aid, Relief, and Economic Security (CARES) Act that allow borrowers to request temporary relief from mortgage payments due to financial hardship caused by the COVID-19 pandemic.

Who is required to file cares act forbearance fact?

Homeowners with federally backed mortgage loans who have experienced financial hardship due to the COVID-19 pandemic are required to file for CARES Act forbearance.

How to fill out cares act forbearance fact?

To fill out the CARES Act forbearance request, borrowers should contact their loan servicer and provide any required documentation of financial hardship, following the servicer's specific instructions for submitting a forbearance request.

What is the purpose of cares act forbearance fact?

The purpose of the CARES Act forbearance fact is to provide temporary relief for borrowers who are unable to make mortgage payments due to income loss or other financial difficulties stemming from the COVID-19 pandemic.

What information must be reported on cares act forbearance fact?

The information that must be reported includes the borrower's name, loan number, reason for requesting forbearance, and any documentation supporting financial hardship.