At Independent Home Finance Inc., we stand with the communities affected by the devastating firestorms in Los Angeles and Ventura Counties. In these challenging times, we want to ensure that survivors know about the financial relief available and how we can provide support to help rebuild and recover.

Governor Gavin Newsom recently announced a partnership with major financial institutions to provide mortgage relief to homeowners in designated fire-affected areas. These initiatives are designed to offer immediate relief to those facing the loss of their homes or significant damage.

Key Mortgage Relief Initiatives

The following commitments have been made by Bank of America, Citi, JPMorgan Chase, U.S. Bank, and Wells Fargo:

  1. 90-Day Mortgage Payment Forbearance
    • Homeowners can delay payments for up to 90 days without penalty or impact on their credit score.
    • Streamlined processes make it easier to request relief, with no need for extensive documentation.
    • No balloon payments required at the end of the forbearance period; repayment options are flexible.
  2. Waiver of Late Fees
    • A 90-day waiver for any mortgage-related late fees incurred during the forbearance period.
  3. Moratorium on Foreclosures
    • A 60- to 90-day suspension of new foreclosures for impacted property owners.
  4. Protection from Credit Reporting
    • Forborne amounts will not be reported as late payments to credit agencies, safeguarding credit scores.

Support from Independent Home Finance Inc.

We are here to assist firestorm survivors in navigating the mortgage relief process and exploring additional financing options for rebuilding and recovery. Whether you need guidance on forbearance, refinancing, or alternative solutions, our experienced team is ready to help.

At Independent Home Finance Inc., we have over 25 years of experience supporting Californians through life’s challenges. Our services extend beyond traditional lending, ensuring you have the tools and resources to rebuild with confidence.

Additional Resources for Firestorm Survivors

Beyond mortgage relief, the state of California has implemented several measures to aid recovery:

  • Tax Relief: Extended tax filing deadlines for individuals and businesses.
  • Temporary Housing Solutions: Fast-tracked construction of accessory dwelling units and mobile homes.
  • Debris Cleanup and Hazard Mitigation: State-directed efforts to remove debris and reduce flood risks in affected areas.
  • Price Gouging Protections: Safeguards against illegal rent, hotel, and material price hikes.

For more details, visit CA.gov/LAfires or apply for disaster assistance through:

We’re Here to Help

Independent Home Finance Inc. is committed to supporting the recovery of our communities. If you have been impacted by these fires, please contact us to learn how we can help you regain stability through tailored mortgage solutions and financial guidance.

Let’s rebuild together.

Contact us today to discuss your options and find relief.

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