The Emergency Mortgage Assistance Program (EMAP) provides temporary monthly mortgage payment assistance for up to five years to eligible Connecticut homeowners who are facing foreclosure due to a financial hardship.Â An EMAP loan is secured by a fixed-rate, subordinate mortgage on the homeownerâ€™s residence. Only homeowners who's primary mortgage is not insured by the Federal Housing Administration (FHA) are eligible for this program.
It is important to note that EMAP loans must be repaid and funding is limited.Â The repayment of an EMAP mortgage starts when the homeownerâ€™s financial condition sufficiently improves.Â
CHFA is committed to helping Connecticutâ€™s homeowners who are facing financial hardship as a result of circumstances beyond their control. Â Homeowners who believe they might be eligible for an EMAP loan should apply directly to CHFA.Â (See, CHFA Customer Call Center for contact information.) Â
Follow the links below for more information regarding the Emergency Mortgage Assistance Program.Â Â