FHA does not require lump sum repayment at the end of the forbearance. Homeowners on special COVID-19 Forbearance will be assessed by their servicer first for eligibility of FHA’s COVID-19 Standalone Partial Claim home retention option no later than at the end of the forbearance period.
The COVID-19 home retention option, called the COVID-19 Standalone Partial Claim, places amounts you owe into a junior lien that is repaid when you refinance your mortgage or sell your home or your mortgage otherwise terminates. If you do not qualify for the COVID-19 Standalone Partial Claim, servicers of FHA-insured mortgages offer other solutions to help you repay the missed payments over time.
For more information on Federal Housing Administration Mortgages: firstname.lastname@example.org, call 1-800-CALL-FHA (1-800-225-5342), or visit www.hud.gov.