Here For Our Members
We are always here to help our members. We are committed to helping you through these unprecedented times by offering the MiMortgage Relief Program, a 90-day grace period for mortgage payments, to those who are suffering financial losses due to COVID-19.
Goal of MiMortgage Relief
This program is designed to provide affected borrowers with a 90-day grace period for all mortgage payments. USMFCU will offer mortgage-payment forbearance for 90 days, allowing borrowers to reduce or delay their monthly mortgage payment.
For affected borrowers who reach an agreement with their financial institution, financial institutions will waive or refund mortgage-related late fees for at least 90 days.
Foregoing new foreclosures for 60 days. Financial institutions will not initiate any foreclosure sales or evictions for 60 days for affected borrowers who reach an agreement with their financial institution.
Refraining from reporting adverse credit scoring information based upon the borrower’s accessing relief. Financial institutions will not report adverse credit scoring information for affected borrowers who reach an agreement with their financial institution. Financial institutions will report other credit information consistent with Consumer Financial Protection Bureau (CFPB) or other federal agency guidance.
Please complete the following information so that we can assist you in starting the MiMortgage Relief process as soon as possible.
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