There's Another Stimulus That No One Knows About

There is yet another way for Americans struggling financially to get money from the government.

The Homeowners Assistance Fund is meant to assist eligible Americans with not just their mortgages but also taxes, insurance, utilities and even homeowners association dues. However, unlike the stimulus check, the government is not just going to mail recipients the money.

The U.S. Treasury will be sending money to each of the states to let them distribute it through state housing agencies. The amount each state gets depends on factors like the number of foreclosures, late mortgage payments, and unemployed residents.

To qualify, you have to own your home and be struggling to pay a mortgage balance that is less than $548,250. Sixty percent of the mortgage aid must go to borrowers with an income less than the national median income or their area's local median income, whichever is higher.

You'll have to contact your state housing agency for the process.

Photo: Getty Images

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