The Coalition has compiled the following resources to help our member organizations navigate the impacts of COVID-19. We’ll keep updating this list as more resources become available, so check back regularly.Â
Thank you to Fannie Mae for their support in the creation of this resource guide.
Protecting & Preserving Homeownership
Foreclosure prevention, forbearance, and mortgage relief options.
Crisis Budgeting and Mortgage Payment Relief
This is part one of a two-part series titled, “Homeownership: Preventing Financial Instability.” Homeownership education in tribal communities continues to be a major priority for the programs we serve. This two-part webinar series seeks to discuss the impact of COVID-19 on our current homeowners. Practitioners examine crisis budgeting, refinance options, and the technical process of payment deferral, forbearance, and loss mitigation. We also review and discuss how to assist homeowners who have already enrolled in such programs and what education and training support they may need as a result.
Native Homeownership Protection Plan - Phase II
Through NHPP – Phase II, the South Dakota Native Homeownership Coalition is assisting member organizations in providing foreclosure prevention/post purchase coaching, education, and support to their clients. Support can be provided to homeowners through various methods.
Guiding Current and Future Homeowners During a Crisis
Amid COVID-19, housing professionals and lenders are adjusting in order to meet changing borrower needs. Take a look at these resources from Freddie Mac for addressing unique industry challenges while supporting borrowers and empowering them with education.
Are you at risk of foreclosure and losing your home?
This page provides and overview of the foreclosure process and options for homeowners that have or are at risk for missing mortgage payments.
Mortgage Relief Options and Protections
A federal law put in place two protections for homeowners with federally or Government Sponsored Enterprise (GSE) backed mortgages (FHA, VA, USDA, Fannie Mae, Freddie Mac). Learn more about these options and if they’re right for your situation.
CARES Act Forbearance Fact Sheet for Single Family Borrowers with FHA, VA, or USDA Loans
The CARES Act provides a mortgage payment forbearance option for all borrowers who, either directly or indirectly, suffer a financial hardship due to the novel coronavirus (COVID-19)national emergency. This fact sheet is a resource for borrowers.Â
Request Forbearance or Mortgage Relief
To request forbearance, you’ll need to reach out to your servicer. To ensure that you are ready for that conversation, we’ve got some information to help you prepare.
Webinar: COVID-19 Responses, Concerns, and Needs
On Thursday, April 9, 2020, the South Dakota Native Homeownership Coalition hosted an information-sharing webinar with our members to learn about the impact of COVID-19 in different communities across the state.