If you are having trouble making your mortgage payment due to the COVID-19 emergency, you might qualify for Bay Federal Credit Union's Mortgage Payment Assistance Program, which will provide for a payment forbearance of up to 120 days. In most cases, your loan maturity date will be extended by the length of the forbearance. Your payment will remain the same, unless you are also paying insurance and taxes through your scheduled payment; in those cases, your payment will increase slightly to cover those payments. This program applies to first mortgages and mobile homes, including primary, second, and investment properties.
If you would like to enroll in this program, please fill out the form below. Once your application is processed you will receive an email confirmation. If you have additional questions once you receive your confirmation email, please contact us and we will be happy to assist you. After the forbearance we will have options that may include reinstatement, repayment, or deferral of payments.
We encourage you to visit the Federal Consumer Financial Protection Bureau site for more details on forbearance programs, and other useful information.
For requesting a deferment on an auto loan, personal loan, or Visa credit card, please visit our loan deferment page.