Research found Deferment Calculations were not always based on square footage of home.

FAQ#: 162 published 9-13-2019

Deferment Calculations were not always based on square footage of home.

If you have requested a deferment to reduce your Grant Recapture, Homeowner Responsibility or Escrow amount your deferment may have been calculated incorrectly according to Scope Deferment Policy updates June 6, 2019.

If you are in Reconstruction your sqft of your old home will be used with 8' ceilings if your old home was not inspected and documented by FEMA, HUD or NFIP Insurance adjusters.

Spreadsheet Tool: If you can use a XSLX spreadsheet a download link will be available in a few days to check the calculations of your states HUD CDBG-DR programs. 

Web App: Online app will be available to check calculations for your deferments soon.

Deferments are approved and supported by many states and allowed by HUD for CDBG-DR program managers to reduce the upfront costs to participate in the federal disaster recovery grant programs. Deferments assist homeowners with other agencies grant "Recapture" requirements when their is a duplication of grant money issued (Duplication of Benefits or DOB). State agencies will attempt to reduce to Zero the Recapture amount also known as Homeowners Responsibility and Escrow if possible.

 

Comment | Suggestion | Feedback

Secured Federal USDA Single Family Housing Repair Loans up to $40,000 for 20 years at 1 percent interest and Grants of up to $10,000.

FAQ#: 453 published 4-19-2022 1 min. 50 seconds read

Read


How to help homeowners with their construction projects without requiring a license in Louisiana ยง309. Construction Management [Formerly ยง119]

FAQ#: 456 published 4-19-2022 3 min. 35 seconds read

Read


What does disaster Unmet needs mean?

FAQ#: 457 published 4-18-2022 1 min. 25 seconds read

Read


SBA Reconsideration Loan: My home was hit by Hurricane Sally I am in need of an SBA loan to repair my home. Please reconsider my denied application.

FAQ#: 459 published 4-18-2022 2 min. 44 seconds read

Read


How to calculate your Wind, Snow, Tornado and Seismic risk assessment and apply that information to better home building.

FAQ#: 458 published 3-5-2022 2 min. 31 seconds read

Read


How do I know if my mortgage is federally backed or federally secured? COVID-19 Housing Assistance Program Appeals Process.

FAQ#: 460 published 1-13-2022 2 min. 50 seconds read

Read


Reconsideration of Declined Loan Applications SBA Economic Injury Disaster Loan (EIDL)

FAQ#: 235 published 4-23-2020 updated 1-4-2022 4 min. 48 seconds read

Read


Reconsideration of Declined EIDL add Personal Financial Statement Disaster Programs SBA Form 413D (03-18) to your document list.

FAQ#: 403 published 8-6-2020 updated 12-31-2021 1 min. 54 seconds read

Read


FEMA Resource for Substantially damaged homes

FAQ#: 384 published 4-25-2021 updated 12-31-2021 1 min. 27 seconds read

Read


Insurance company issued a two-party check for hurricane damage repairs but my mortgage handler is holding the money from me. Why are they doing this?

FAQ#: 455 published 12-30-2021 3 min. 44 seconds read

Read