If you have experienced lost income due to COVID-19, you may be eligible for mortgage forbearance, which allows you to stop making payments for up to 90 days. Any member who needs assistance with the repayment of a real estate loan (first and second mortgages) should submit:
- A Hardship Letter describing the financial circumstances surrounding the need and the number of months for which assistance will be needed
Proof of unemployment or a letter/notice from employer showing decreased work hours/income
Two most recent paystubs
2019 tax returns (if already filed)
Please email your request to [email protected]. DC Credit Union will consider up to 90 days of payment relief.
Please note: Forbearance extends the final maturity of the mortgage. Escrows will continue to be due – for payments of insurance and real estate taxes. On loans serviced by a third party, a $50 fee may apply.