The West Virginia Homeowners Rescue Program has paid nearly $10 million in benefits to help more than 3,000 households since March, and now it’s announcing new guidelines with hopes of helping many more.
The improvements are designed to get more money, to more people -- faster.
“We realized that the program needed some adjustments,” said Jessica Greathouse, special programs manager for the West Virginia Housing Development Fund.
No longer must a homeowner be three months behind in paying their mortgage. With the new guidelines -- one becomes eligible when the house payment is 60 days past due. The cap on those payments increased from $15,000 to $20,000.