EUGENE, Ore. — In Lane County at least 2,500 homeowners are 90 days or more behind in their mortgage payment, which is why officials here at Neighborhood Economic Development Corporation say homeowners assistance programs are so important.
To qualify for the Home Rescue Program, homeowners must have seen a decline of 10 percent or more in their annual income over the last two years.
There’s an online test to see if a homeowner qualifies. Even people who are current on their mortgage but have seen their payments become less affordable may qualify.
The maximum amount people can get is $30,000. That includes $20,000 for mortgage payments over the next year and $10,000 for past years. The money is paid directly to the banks.
In Lane County, the administrator for the program is NEDCO.
“Through the last three versions of the hardest hits program we served almost a thousand homeowners in Lane County who’ve qualified for the assistance, so I’m really hoping there’ll be several hundred more who will be helped by this program,” said Emily Reiman, NEDCO Spokeswoman.
The program is absolutely free. To apply, start online here.