Hawai‘i Community Lending is offering temporary relief to federal workers in Hawai‘i to ensure they do not lose their homes amid the ongoing government shutdown.
The nonprofit mortgage lender announced it is providing temporary forbearance to allow its eligible borrowers to pause loan payments. During the forbearance period, loans will remain in good standing, though interest will continue to accrue. Once payments resume, HCL will extend the loan term so that monthly payments remain unchanged.
HCL Executive Director Jeff Gilbreath said the organization has reached out to affected borrowers, informing them they may qualify for the forbearance option.
The lender says that 10 percent of its homeowners are federal employees, meaning that more than 60 families are impacted by the government shutdown. Gilbreath encourages these homeowners to contact HCL immediately. “We stand with our families, and we want to be sure you get the support you deserve from your community,” he said.
“HCL is able to do this because we have the flexibility to make decisions about how our financial institution serves the community,” Gilbreath said. “When crises occur, we are committed to meeting our borrowers where they are at and provide the type of relief all families should expect when a crisis places our people in financial hardship through no fault of their own.”
To apply for a loan forbearance, call HCL at (808) 587-7656, or email servicing@hawaiicommunitylending.com. Applicants will be required to complete a loan modification request form and provide documentation confirming furlough or termination status.
“It is our hope that other financial institutions will also step up during this time of need to extend relief to their borrowers and homeowners,” Gilbreath said.
See full article at Maui Now