source:
  type: guide
  id: hud-4000-1-iii-c-covid-19-hecm-property-charge-repayment-plan
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part III — c. COVID-19
    HECM Property Charge Repayment Plan (04/29/2024)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part III — c. COVID-19
    HECM Property Charge Repayment Plan (04/29/2024).
  coverage_tier: operative
obligations:
- id: hud-4000-1-iii-c-covid-19-hecm-property-charge-repayment-plan-full
  canonical_id: hud-4000-1-iii-c-covid-19-hecm-property-charge-repayment-plan-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part III — c. COVID-19
    HECM Property Charge Repayment Plan (04/29/2024)
  type: do
  tags:
  - regulator-direct
  - fha
  - hud-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: FHA Single Family Housing Policy Handbook 4000.1, Part III — c. COVID-19
      HECM Property Charge Repayment Plan (04/29/2024)
    source_class: hud-handbook
    source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
    snapshot_id: 8c03836f77f317e1
    fetched_at: '2026-05-23T00:28:40Z'
    content_hash: sha256:411430f29b13f9b54a2ebb0e6f6e7087ecd2b90d0da22eb0c8c792eaa2d7d0df
    paragraph_quote: 'c. COVID-19 HECM Property Charge Repayment Plan (04/29/2024)
      i. Eligibility Mortgagees may provide a Borrower a COVID-19 HECM Property Charge
      Repayment Plan if the Borrower is delinquent on payment of Property Charges
      and has been impacted by COVID-19. Borrower attestation, written or verbal,
      that they have been impacted by COVID-19 is sufficient for documenting that
      a Borrower has been impacted by COVID-19. The Mortgagee must document the Borrower’s
      attestation in their Servicing File. ii. Length of Repayment Plan The maximum
      length of a COVID-19 HECM Property Charge Repayment Plan is 60 months. This
      60-month time period is not reduced by any time that the Borrower utilized a
      standard HECM Repayment Plan. iii. Calculating the Repayment Plan The COVID-19
      HECM Property Charge Repayment Plan is calculated using the requirements for
      a standard HECM Repayment Plan. The Borrower is eligible for a COVID-19 HECM
      Property Charge Repayment Plan even if they have been unsuccessful on a prior
      Repayment Plan, the total outstanding arrearage is greater than $5,000, or both.
      All other requirements with respect to HECM Property Charge Repayment Plans
      apply to a COVID-19 HECM Property Charge Repayment Plan III. SERVICING AND LOSS
      MITIGATION B. Title II Insured Housing Programs Reverse Mortgages 3. Programs
      and Products - COVID-19 HECM Property Charge Repayment Plan (04/29/2024) Handbook
      4000.1 1531 Last Revised: 11/26/2025 iv. COVID-19 HECM Property Charge Repayment
      Plans and the Homeowner Assistance Fund If the Borrower will not be able to
      repay the corporate advances for Property Charge defaults within the permissible
      time, the Mortgagee may offer a COVID-19 HECM Property Charge Repayment Plan
      if: • the Borrower has submitted an application for Homeowner Assistance Funds
      (HAF) as evidenced by an “A” or “I” code; and • the actual HAF assistance awarded,
      or if no HAF assistance is awarded then up to the maximum amount available under
      the jurisdiction’s HAF program (provided HECM is part of the HAF program in
      that jurisdiction), combined with the Borrower’s ability to repay will result
      in full repayment of the outstanding corporate advances for Property Charge
      defaults. v. Reporting Mortgagees must submit a Property Charge Loss Mitigation
      Extension Request in HERMIT and designate the request “COVID-19 Repayment Plan.”
      vi. Expiration of COVID-19 HECM Property Charge Repayment Plan Mortgagees may
      initiate COVID-19 HECM Property Charge Repayment Plans no later than April 10,
      2024, one year after the end of the COVID-19 National Emergency. The Property
      Charge default need not have occurred during the COVID-19 National Emergency.
      III. SERVICING AND LOSS MITIGATION C. Title I Insured Programs 1. Title I Property
      Improvement Loan Program Handbook 4000.1 1532 Last Revised: 11/26/2025 C. TITLE
      I INSURED PROGRAMS This section provides the standards and procedures applicable
      to the servicing of Loans under the Property Improvement and Manufactured Home
      Loan programs insured under Title I of the National Housing Act. The Lender
      must fully comply with all of the following standards and procedures when servicing
      a Loan insured by the Federal Housing Administration (FHA). Financial Operations
      Center The Financial Operations Center (FOC) provides support for the FHA Title
      I Property Improvement and Manufactured Home Loan programs. The contact information
      for the FOC is: U.S. Department of Housing and Urban Development Financial Operations
      Center 52 Corporate Circle Albany, New York 12203 1-800-669-5152, extension
      2832 Title_One_Help@hud.gov 1. Title I Property Improvement Loan Program Title
      I FHA-approved Lenders may: • service the Loans they hold; • service Title I
      Loans on behalf of or at the direction of another FHA-approved Lender; or •
      utilize services of a servicing agent. It is not necessary for an agent of the
      Lender to be approved by FHA to service Title I Loans. However, all Title I
      Loans must be serviced in accordance with HUD requirements. A Title I Lender
      holding Title I Loans will remain responsible to HUD for proper collection efforts,
      even though an agent of the Lender may perform actual loan servicing and collection.'
  judgment: false
