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The Nevada Housing Division (“NHD”) 

UNEMPLOYMENT MORTGAGE 

ASSISTANCE PROGRAM (“UMA”) 

Summary Term Sheets 

1. Program 

Overview 

The Unemployment Mortgage Assistance Program (UMA) will 

provide temporary financial assistance to eligible Nevada homeowners 

who wish to remain in their homes but have suffered a loss of income 

due to unemployment associated with the coronavirus pandemic after 

January 21, 2020. 

UMA provides mortgage payment assistance equal to 100% of the PITI 

(principal, interest, tax, insurance, as applicable), including any 

escrowed or non-escrowed homeowner’s association dues or 

assessments, including lot rent (if applicable) for up to twelve (12) 

months, with the purpose of preventing avoidable foreclosures. 

2. Program 

Goals 

UMA’s goal is to help homeowners remain in their homes and prevent 

avoidable foreclosures despite loss of income due to unemployment. 

UMA is available to current and delinquent first mortgage loans. The 

program will reinstate a delinquent first mortgage loan and any 

delinquent homeowner’s association dues or assessments, including 

delinquent non-escrowed taxes before making monthly payments in 

order to prevent foreclosure. 

UMA is designed to assist homeowners who are receiving Nevada 

Department of Employment, Training, and Rehabilitation (DETR) 

unemployment benefits at time of the application, including those 

whose unemployment benefits were exhausted. 

HAF funds may be used to supplement other loss mitigation options 

offered by the servicer under investor requirements or where, without 

HAF funds, the homeowner would not qualify for that loss mitigation 

option. 

3. Target 

Population/ 

Areas 

UMA is designed to target low-to-moderate income borrowers and 

address the needs of a borrower’s specific situation. 

4. Homeowne

r Eligibility 

Criteria 

and 

Same as General Eligibility Requirements plus: 

 Statement of current inability to resume mortgage 

payments due to unemployment. 
NV_HAF_ Term_Sheets_Eff._06/01/2023    Page 2 of 3

Documenta

tion 

Requireme

nts 

 Unemployment benefits received after January 21, 2020 

due to the coronavirus pandemic. 

Required Documents: 

 Affidavit of Unemployment 

 Government issued photo identification 

 Social Security Card 

 Proof of income/attestation 

 Mortgage statement 

 HOA Statement – If applicable 

 Documentation of receipt of DETR UIB. 

 Hardship Affidavit / 3rd Party Disclosure and Homeowner 

Acknowledgement. 

5. Property/ 

Loan 

Eligibility 

Criteria 

 The applicant must own and occupy a single family, 1-4-unit 

home (an attached or detached house or a condominium unit) 

located in Nevada and it must be their primary residence. 

Mobile homes (non-affixed manufactured home) are eligible 

for assistance. 

 Unpaid principal balance of which was, at the time of 

origination, not more than the conforming loan limit. 

 The property securing the mortgage loan must not be 

abandoned, vacant or condemned. 

 Homeowner will receive reinstatement assistance (if 

applicable) before forward monthly payments are made. 

 A principal reduction component of up to $55,000 

(above the $65,000 of the mortgage reinstatement 

component) may be applied to pay off a partial 

claim/deferral, if a homeowner participated in a loss 

mitigation program offered by the servicer under 

investor requirements that satisfied the mortgage 

delinquency with a COVID related partial claim or 

deferral and brought the loan current, and in all cases, 

subject to the HAF program maximum benefit cap of 

$100,000 per household. 

 Payoff of partial claim/deferral is available on current 

and delinquent loans. 

6. Structure of 

Assistance 

The program assistance will be structured as a non-recourse, noninterest-bearing subordinate loan secured by a junior lien recorded 

against the property in the amount of the total amount of HAF 

assistance. Homeowners receiving assistance on non-affixed 

manufactured homes will not receive a subordinate loan. At the 

conclusion of (3) three years, the subordinate loan will be released. 

There is no pro- rated forgiveness for this loan. Loan funds will 

only be repaid in the event of a sale or a refinance that includes 

cash out and there are equity proceeds available prior to 
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forgiveness. Recovered funds will be recycled in order to provide 

additional program assistance in accordance with the Agreement. 

7. Maximum 

Per 

Household 

Assistance 

Up to $65,000 per household in total (and in all cases, subject to the 

HAF program maximum benefit cap of $100,000 with respect to 

monies previously received under other HAF programs, if any). 

8. Duration of 

Assistance 

Homeowner participation in UMA is limited to twelve (12) months 

maximum. 

9. Estimated 

Number of 

Participatin

g 

Households 

Approximately 4,766. This number is based on loans with unpaid 

principal balances ranging from $100,000 to $300,000 with an average 

funding of $12,568. 

10. Program 

Inception/ 

Duration 

This program began on November 15, 2021 and will continue until all 

funds are committed or September 30, 2025, whichever occurs first. 

11. Program 

Interactions 

with Other 

HAF 

Programs 

Other HAF program benefits may be available to the homeowner 

provided the HAF program maximum benefit cap of $100,000 has not 

been exceeded, and program funds are available. The homeowner is 

required to apply separately for each HAF program. 

12. Program 

Leverage 

with Other 

Financial 

Resources 

The program will require that the servicer waive all accrued and unpaid 

late charges and NSF fees for all payments funded with UMA benefits. 
NV_HAF_Term_Sheets_Eff.06.01.2023    Page 1 of 3

 The Nevada Housing Division (“NHD”) 

MORTGAGE REINSTATEMENT 

ASSISTANCE PROGRAM (MRAP) 

Summary Term Sheets 

1. Program 

Overview 

The Mortgage Reinstatement Assistance Program (MRAP) will 

provide funds to help eligible homeowners cure their delinquent first 

mortgage loan arrearages, which may also include payments needed 

to reinstate their loans from foreclosure. Assistance with curing 

delinquent, non-escrowed property taxes, homeowner’s insurance, 

homeowner’s association dues or assessments is available with or 

without mortgage reinstatement on the homeowner’s mortgage loan. 

2. Program Goals MRAP will prevent avoidable foreclosures by helping homeowners 

reinstate their past due first mortgage loans and non-escrowed 

property taxes, homeowner’s insurance, homeowner’s association 

dues or assessments, including lot rent (if applicable). 

3. Target 

Population/ 

Areas 

Homeowners having incomes less than or equal to 150 percent of the 

area median income or less than or equal to 100 percent of the median 

income for the United Sates, whichever is greater; and socially 

disadvantaged individuals as defined by U.S. Department of Treasury 

HAF Guidance. 

4. Homeowner 

Eligibility 

Criteria and 

Documentation 

Requirements 

Same as General Eligibility Requirements plus: 

 Homeowners who have experienced a financial 

hardship associated with the coronavirus pandemic 

after January 21, 2020 and 

 Income equal to or less than 150% of area median 

income OR 100% of the median income for the United 

States, whichever is greater. 

Required Documents: 

 Hardship Affidavit / 3rd Party Disclosure and Homeowner 

Acknowledgement. 

 Government issued photo identification 

 Social Security Card 

 Proof of income 

 Mortgage statement 

 HOA Statement – If applicable 
NV_HAF_Term_Sheets_Eff.06.01.2023    Page 2 of 3

5. Property/ 

Loan 

Eligibility 

Criteria 

 Unpaid principal balance of which was, at the time of 

origination, not more than the conforming loan limit. 

 The property securing the mortgage loan must not be 

abandoned, vacant or condemned. 

 Loan or non-escrowed property taxes, homeowner’s 

insurance, homeowner’s association dues or assessments, 

including lot rent (if applicable) must be two or more 

payments past due as of date of application. 

 The applicant must own and occupy a single family, 

1-4-unit home (an attached or detached house or a 

condominium unit) located in Nevada and it must be 

their primary residence. Mobile homes (non-affixed 

manufactured home) are eligible for assistance. 

 Delinquent household related expenses such as taxes, 

insurance, homeowner’s association dues or 

assessments, including lot rent may be reinstated if 

the first mortgage loan is current, paid off or if the 

homeowner has a Home Equity Conversion Mortgage 

(HECM). 

 Homeowner will receive reinstatement assistance if 

total monthly first-lien mortgage payment PITI 

(principal, interest, taxes and insurance, as 

applicable), and any escrowed or non-escrowed 

homeowner’s association dues or assessments, meets 

NAHAC’s definition of an affordable payment. 

• If homeowner does not meet NAHAC’s 

definition of an affordable payment, the 

homeowner’s assistance will include 

reinstatement of delinquent mortgage, plus 

household related expenses such as taxes, 

insurance, homeowner’s association dues or 

assessments, including lot rent, and up to 3 

advanced payments. 

 A principal reduction component of up to $55,000 

(above the $65,000 of the mortgage reinstatement 

component) may be applied to pay off a partial 

claim/deferral, if a homeowner participated in a loss 

mitigation program offered by the servicer under 

investor requirements that satisfied the mortgage 

delinquency with a COVID related partial claim or 

deferral and brought the loan current, and in all cases, 

subject to the HAF program maximum benefit cap of 

$100,000 per household. 

• Payoff of partial claim/deferral is available on 

current and delinquent loans. 
NV_HAF_Term_Sheets_Eff.06.01.2023    Page 3 of 3

6. Structure of 

Assistance 

The program assistance will be structured as non-recourse, noninterest-bearing subordinate loan secured by a junior lien recorded 

against the property for the mortgage reinstatement component in 

the amount of the HAF assistance for a period of (3) three years. At 

the conclusion of (3) three years, the subordinate loan will be 

released. Homeowners receiving assistance on non-affixed 

manufactured homes will not receive a subordinate loan. There is 

no pro-rated forgiveness for this loan. Loan funds will only be 

repaid in the event of a sale or a refinance that includes cash out 

and there are equity proceeds available prior to forgiveness. 

Recovered funds will be recycled in order to provide additional 

program assistance in accordance with the Agreement. 

7. Per Household 

Assistance 

Up to $65,000 per household in total for reinstatement of PITI and 

any escrowed or non-escrowed homeowner’s association dues or 

assessments, and up to an additional $55,000 for partial 

claim/deferral payoff (if applicable), and in all cases, subject to the 

HAF program maximum benefit cap of $100,000 per household. 

8. Duration of 

Assistance 

Available in a single, lump-sum disbursement. 

9. Estimated 

Number of 

Participating 

Households 

Approximately 2,222. This number is based on loans with unpaid 

principal balances ranging from $100,000 to $300,000 with an 

average funding of $17,998. 

10. Program 

Inception/ 

Duration 

This program began on November 15, 2021 and will continue until 

all funds are committed or September 30, 2025, whichever occurs 

first. 

11. Program 

Interactions 

with Other 

HAF/Programs 

Other HAF program benefits may be available to the borrower 

provided the HAF program maximum benefit cap of $100,000 has not 

been exceeded, and program funds are available. The borrower is 

required to apply separately for each HAF program. 

12. Program 

Interactions 

The program will require that the servicer waive all accrued and 

unpaid late charges and NSF fees for all payments funded with 

MRAP benefits.