Are you facing hardship as a homeowner or a renter due to COVID19?

Virginia Ralph Northam today launched the Virginia Rent and Mortgage Relief Program (RMRP), which will provide $50 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding for households facing eviction or foreclosure due to COVID-19. RMRP will provide short-term financial assistance on behalf of households in the form of rent and mortgage payments.

What’s the Eligibility Requirement Virginia Rent and Mortgage Relief Program (RMRP):

Eligible households must demonstrate an inability to make rent or mortgage payments due to the COVID-19 pandemic. Monthly rent or mortgage must be at or below 150 percent Fair Market Rent (FMR), and eligible households must have a gross household income at or below 80 percent of area median income (AMI). For example, Loudoun County or Fairfax County household of 4 people income is less than or equal to $79,600.00.

Click here to download the pdf file with details of eligibility requirements.

Are you Eligible for Virginia Rent and Mortgage Relief Program (RMRP)

Considering the tough times we all are facing due to COVID19 the Virginia Rent & Mortgage Relief Program has eligibility requirements plus a priority. To explore if you qualify for the program please visit the below website and answer the questions:

Visit Virginia Rent & Mortgage Relief eligibility website

Do note Governor had announced Temporary Moratorium on all Evictions throughout the state of Virginia is set to expire on June 28th, 2020

Ritu Desai is a top real estate agent and an Associate Broker with Samson Properties. Ritu is a certified Short Sales and Foreclosure Resource (SFR®) specialist. She had helped numerous clients facing hardship during the past financial crisis of 2008. With over 16 years of real estate experience with over $136 million in sales serving Fairfax, Loudoun and Prince William counties in Northern Virginia area.