Finance
Pennsylvania's Homeowner's Emergency Mortgage Assistance Program (HEMAP) provides:
AFree home inspections to qualifying homeowners
BEmergency loans to homeowners facing foreclosure due to circumstances beyond their control✓ Correct
CDown payment grants for first-time buyers
DInterest rate subsidies for low-income homeowners refinancing
Explanation
HEMAP provides emergency mortgage assistance loans to Pennsylvania homeowners in danger of losing their homes due to circumstances beyond their control (job loss, illness, death of a spouse). PHFA administers HEMAP, and the Act 91 notice informs at-risk borrowers of this program.
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