Georgia Mortgage Assistance

MORTGAGE REINSTATEMENT PROGRAM

BRIEF DESCRIPTION The Georgia Housing Finance Authority (GHFA) will provide financial assistance 

for eligible homeowners by:

• Eliminating or reducing delinquent mortgage payments or payments in 

forbearance, to help bring the mortgage current. 

• Providing an additional 3 mortgage payments in a onetime payment to 

enable homeowners who have not fully recovered to have time to 

work with their lender or servicer.

MAXIMUM AMOUNT 

OF ASSISTANCE PER 

HOMEOWNER

Homeowners can request assistance twice, not to exceed the program 

maximum of $50,000. Program assistance can be combined.

HOMEOWNER 

ELIGIBILITY CRITERIA 

AND 

DOCUMENTATION 

REQUIREMENTS

Eligibility Criteria:

• The homeowner owns and occupies the property as their primary 

residence.

• The homeowner has signed a Hardship Affidavit attesting to a 

significant reduction of income or increase in expenses due to a 

pandemic related financial hardship, experienced after January 21, 

2020.

• The homeowner has signed an Affordability Affidavit attesting they will 

be able to make their payments going forward if assistance is provided.

• The household income met the AMI requirement at the time of the

pandemic hardship or application review.

• Additional underwriting criteria apply.

Documentation Requirements include:

• Application, including Disclosures and Affidavits

• Tax Returns and/or Income Documents

• Identification

• Mortgage Statement(s)

LOAN ELIGIBILITY 

CRITERIA SPECIFIC TO 

THE PROGRAM

Loan Eligibility:

• Homeowner’s mortgage loan met conforming limits at the time of 

origination, or the homeowner has an installment loan on a mobile or 

manufactured home that is considered real property.

• Three or more payments are owed: loan payments are delinquent 60 

days or more, or there are two or more payments in forbearance.
Georgia Mortgage Assistance

LOAN EXCLUSIONS Loan Exclusions:

• Loans that are not held or serviced by a bank, credit union, a NMLS 

licensed mortgage company, or a nonprofit housing agency that is not 

required to be licensed through NMLS.

• Business loans, or loans for second homes or investment property.

• Loans held by a non-participating lender or servicer.

FORM OF ASSISTANCE Assistance will be structured as a non-recourse grant.

PAYMENT 

REQUIREMENTS

GHFA will disburse HAF assistance directly to mortgage lenders and servicers.
Georgia Mortgage Assistance

MORTGAGE PRINCIPAL CURTAILMENT PROGRAM

BRIEF DESCRIPTION The Georgia Housing Finance Authority (GHFA) will provide financial assistance 

for eligible homeowners by:

• Providing principal curtailment or lien extinguishment to reduce the 

total mortgage balance for homeowners who suffered a permanent 

loss of income due to coronavirus, after January 21, 2020.

• Providing lien extinguishment for down payment assistance loans 

provided by nonprofit or government entities, for homeowners who 

experienced a pandemic related financial hardship after January 21, 

2020.

• Providing principal curtailment or subordinate lien or partial claim

reduction or extinguishment to reduce the total mortgage balance, for 

homeowners who experienced a pandemic hardship that resulted in 

the payment delinquency being added to the principal balance or 

through a subordinate loan, after February 1, 2020.

• Providing an additional 3 mortgage payments in a onetime payment to 

enable homeowners who have not fully recovered to have time to 

work with their lender or servicer.

MAXIMUM AMOUNT 

OF ASSISTANCE PER 

HOMEOWNER

Homeowners can request assistance twice, not to exceed the program 

maximum of $50,000. Program assistance can be combined. 

HOMEOWNER 

ELIGIBILITY CRITERIA 

AND 

DOCUMENTATION 

REQUIREMENTS

Eligibility Criteria:

• The homeowner owns and occupies the property as their primary 

residence.

• The homeowner has signed a Hardship Affidavit attesting to a 

significant reduction of income or increase in expenses due to a 

pandemic related financial hardship, experienced after January 21, 

2020.

• The homeowner has signed an Affordability Affidavit attesting they will 

be able to make their payments going forward if assistance is provided.

• The household income met the AMI income requirement at the time of 

the pandemic hardship or application review.

• Additional underwriting criteria apply.

Documentation Requirements include:

• Application, including Disclosures and Affidavits

• Tax Returns and/or Income Documents

• Identification

• Mortgage Statement(s)
Georgia Mortgage Assistance

LOAN ELIGIBILITY 

CRITERIA SPECIFIC TO 

THE PROGRAM

Loan Eligibility:

• Homeowner’s mortgage loan met conforming limits at the time of 

origination, or the homeowner has an installment loan on a mobile or 

manufactured home that is considered real property.

LOAN EXCLUSIONS Loan Exclusions:

• Loans that are not held or serviced by a bank, credit union, or a NMLS 

licensed mortgage company, or a nonprofit housing agency that is not 

required to be licensed through NMLS.

• Business loans, or loans for second homes or investment property.

• Loans held by a non-participating lender or servicer.

FORM OF ASSISTANCE Assistance will be structured as a non-recourse grant.

PAYMENT 

REQUIREMENTS

GHFA will disburse HAF assistance directly to mortgage lenders and servicers.
Georgia Mortgage Assistance

HOUSING RELATED EXPENSES PROGRAM

BRIEF DESCRIPTION The Georgia Housing Finance Authority (GHFA) will provide financial assistance 

for eligible homeowners on delinquent housing related expenses, to help bring 

the payments current:

• Non-escrowed Property Taxes

• Non-escrowed Property Insurance

• Association (HOA or Condo) dues/fees

• Utilities (in conjunction with mortgage assistance)

MAXIMUM AMOUNT 

OF ASSISTANCE PER 

HOMEOWNER

Homeowners can request assistance twice, not to exceed the program 

maximum of $50,000. Program assistance can be combined. 

HOMEOWNER 

ELIGIBILITY CRITERIA 

AND 

DOCUMENTATION 

REQUIREMENTS

Eligibility Criteria:

• The homeowner owns and occupies the property as their primary 

residence.

• The homeowner has signed a Hardship Affidavit attesting to a 

significant reduction of income or increase in expenses due to a 

pandemic related financial hardship, experienced after January 21, 

2020.

• The homeowner has signed an Affordability Affidavit attesting they will 

be able to make their payments going forward if assistance is provided.

• The household income met the AMI income requirement at the time of 

the pandemic hardship or application.

• The housing related expense payment is 30 or more days delinquent.

• Additional underwriting criteria apply.

Documentation Requirements:

• Application, including Disclosures and Affidavits

• Tax Returns and/or Income Documents

• Identification

• Mortgage Statement

• Housing Related Expense Statement(s)

LOAN ELIGIBILITY 

CRITERIA SPECIFIC TO 

THE PROGRAM

Loan Eligibility:

• For homeowners who have a mortgage, the mortgage loan met 

conforming limits at the time of origination, or the installment loan on a 

mobile or manufactured home is considered real property.
Georgia Mortgage Assistance

PROGRAM 

EXCLUSIONS

Program Exclusion:

• Housing Related Expenses for which the vendor is not participating in 

the program.

FORM OF ASSISTANCE Assistance will be structured as a non-recourse grant.

PAYMENT 

REQUIREMENTS

GHFA will disburse HAF assistance directly to payees.