The state of Delaware has allocated $40 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funds to help homeowners who've been economically impacted by the COVID-19 national emergency. With its CARES Act money, the state funded the Delaware Emergency Mortgage Assistance Program (DEMAP). This program offers financial assistance to homeowners who are at risk of losing their homes to foreclosure because of a pandemic-related job loss, reduced work hours, or unpaid leave.
How the Delaware Emergency Mortgage Assistance Program (DEMAP) Works
DEMAP provides eligible homeowners with up to $5,000 per household, paid directly to the mortgage servicer, to prevent a foreclosure.
How to Qualify for Mortgage Payment Help in Delaware
To qualify for mortgage relief from DEMAP, you have to meet the below criteria:
You have to be the property owner of record.
The property must be located in Delaware.
The mortgage loan must have been current before April 1, 2020, and not more than 30 days delinquent when you apply to the program.
You have to provide documentation showing that COVID-19 impacted your employment or income beginning March 1, 2020, or later. For example, you have to show that you were laid off or furloughed, your work hours were reduced because you were sick or you had to care for a family member, or you didn't have available childcare.
The property has to be the mortgagor's primary residence.
Your household income during the qualifying impact (layoff, reduced work hours, coronavirus-related illness, etc.) must be below 80% of the area median income for your county of residence ($65,520 for Kent and Sussex counties and $77,280 for New Castle county).
How to Apply for DEMAP
Various HUD-approved housing counseling agencies throughout Delaware will help guide homeowners through the DEMAP application process. Call one of these housing counseling agencies to get assistance in applying for DEMAP.