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SFH Guaranteed Servicing
September 27, 2021
Update to Guidance for Servicing Borrowers Impacted by COVID-19
PURPOSE
The purpose of this notice is to announce the removal of the September 30, 2021 deadline for a borrower to request loan assistance due to the COVID-19 National Emergency. Borrowers may request assistance until the end of the National Emergency is declared.
COVID-19 Public Health Emergency:
To provide relief to impacted borrowers, servicers are authorized to approve initial payment forbearances upon request for borrowers impacted by the COVID-19 National Emergency until the end of the National Emergency. Servicers are expected to grant payment forbearance based on a borrower’s verbal or written attestation to this financial hardship. Eligibility for COVID-19 Forbearances is outlined below.
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Initial Forbearance Date
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Initial Forbearance Period
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Additional Forbearance Period
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Forbearance Extensions
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Maximum Forbearance Period
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March 1, 2020 – June 30, 2020
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Up to 6 months
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Up to 6 months
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Up to 6 months (in 3-month increments)
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Up to 18 months
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July 1, 2020 – Sept 30, 2020
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Up to 6 months
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Up to 6 months
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Up to 3 months
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Up to 15 months
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Oct. 1, 2020 – Expiration of National Emergency
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Up to 6 months
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Up to 6 months
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0
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Up to 12 months
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Questions regarding program policy and this guidance may be directed to the National Office Division at sfhglpServicing@usda.gov or (202) 720-1452.
Thank you for your support of the Single-Family Housing Guaranteed Loan Program.
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