Answers to Your Questions: Can I get relief from my federally backed loan?

Answers to Your Questions: Can I get relief from my federally backed loan?

WASHINGTON, D.C. – August 31, 2015 – (RealEstateRama) — The United States Department of Agriculture/Rural Development and Northern Marianas Housing Corporation have announced the availability of temporary loan repayment moratoriums for USDA/RD and NMHC/U.S. Housing and Urban Development loans for borrowers affected by Typhoon Soudelor.

The USDA/RD moratorium covers principal and interest payments for up to 24 months; the NMHC/HUD moratorium covers principal and interest payments for up to 6 months.

For more information about the USDA/RD repayment moratorium, contact USDA at (671) 300-8560. For more information about the NMHC/HUD repayment moratorium, contact NMHC at (670) 234-6866.

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