United States Department of Defense - Homeowners Assistance Program
United States Department of Defense
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Description of Service
The Department of Defense's Homeowners Assistance Program provides financial assistance to service members and certain DoD civilian homeowners who suffer financial loss on the sale of their primary residences. HAP consists of BRAC Impacted Personnel or Wounded, Injured, or Ill and Surviving Spouse applicants. At this time, applications are only being accepted from Wounded, Injured, or Ill and Surviving Spouse applicants.
If an applicant is eligible under the Wounded, Injured, and Ill or Surviving Spouse categories and money is available, HAP may provide financial assistance under one of the following three scenarios: Private Sale, Government Acquisition, or Foreclosure:
Private Sale: Benefit amount is the difference between 95% of the home’s prior fair market value and the selling price. HAP may also reimburse the applicant for normal and customary seller’s closing costs;
Government Acquisition: Benefit amount is the greater of 90% of the home’s prior fair market value OR the mortgage(s) payoff amount;
Foreclosure: Benefit is paid to the lien holder for legally enforceable liabilities.
In addition, you must submit a variety of documents to show evidence of your ownership of the property, your occupancy dates, your assignment orders, your efforts to sell the home (whether it was sold), and mortgage details.
Service members who are wounded, injured, or their ill and surviving spouses.