an email when a customer has submitted an application. The bank is then required to verify information about an applicant’s home loan, any delinquencies and the amount needed to bring the account current. Cannady can log in to the lender portal at any time to check on the status of an applicant. It shows the application pipeline and indicates if any information or action is needed from the bank. Cannady reports that none of CNB’s customers who have applied have been denied so far. Who qualifies Stanley encourages all Kansas banks and mortgage lenders to get registered and talk to customers who may benefit from this program. Homeowners must be at least 30 days past due on their mortgage and low- to moderate-income to qualify. They can see if they qualify by answering a few questions in the homeowner application portal. “Financial instability and the fear of losing your home is traumatic. With KHAF, homeowners may get up to $35,000 in mortgage assistance, which can make a dramatic positive impact. Talk to customers who you think may benefit,” says Stanley. “This is a win-win for homeowners and lenders.” Two ways banks should participate: 1. Register your bank. Fill out and submit a few brief forms (available online at: https://kshousingcorp.org/kansas-homeowner-assistancefund-lenders). A link will be sent to you to complete your registration setup so that your institution can receive payments for approved KHAF funds. 2. Refer delinquent or at-risk customers to the online portal to see if they qualify and help them apply. Homeowners in this situation may be overwhelmed. Your guidance is crucial to help them back to a stable footing. Homeowners can get more information and begin the application process online at: https://kshousingcorp.org/ kansas-homeowner-assistance-fund. Additional resources Online help is available with FAQs for homeowners and lenders, a homeowner checklist of needed documents and more on the web pages for lenders and homeowners. Once a lender has registered, more technical assistance and help videos are available on the secure portal. With limited funds available, early application is encouraged. The program launched April 18, 2022, and will end when all funds have been allocated. About KHAF The KHAF program is funded by the American Rescue Plan Act and administered by the Kansas Housing Resources Corporation, with Witt O’Brien’s performing service delivery. More information for lenders is online at https://kshousingcorp.org/kansas-homeownerassistance-fund-lenders/. Or contact the KHAF Call Center to assist both homeowners and lenders, 8 a.m. to 5 p.m., CST, Monday through Friday, at 855-307-KHAF (5423). This project is being supported, in whole or in part, by federal award number HAFP-0140 awarded to Kansas Housing Resources Corporation by the US Department of the Treasury. 11 ISSUE 3 | 2022
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