Homeowner Reserve - Get Back On Track With Your Mortgage

If a homeowner saves $1,000 over six months, he or she may be eligible for a $200 bonus through Homeowner Reserve. If a homeowner saves $2,000 over six months, he or she may be eligible for a $400 bonus.The homeowner can use the funds to cover future costs like home repairs, unexpected emergencies, and mortgage payments. Participants must meet eligibility requirements, including: homeownership in New York, a dedicated savings account, and monthly email check-ins about savings progress.

All participants must be referred by a housing counselor or by contacting the Homeowner Hub.

Enrollment Form

Please complete the form below to enroll in the Homeowner Reserve program. Unless noted all fields are required.

Primary Household Member

First Name

Last Name

Home Address

City

State (eg. “NY”)

Zip Code

Phone

Additional Phone (optional)

This program requires responses by email. We may also contact you via phone or text message. Are you interested in receiving communication via text? Yes No

Date of Birth:

Gender:

Prefer to Self Describe:

Secondary Household Member (Optional)

If you provide an additional contact, we may reach out to them if we don’t hear from you regarding your participation in the program. If you want us to communicate with anyone else in your household, please enter their information below.

Full Name

Phone

Relationship to Primary Household Member

Other

Income

Please provide the average monthly income your household receives after taxes(‘Take Home Pay’):

Is your income consistent month to month?

Always

Usually

Rarely

Mortgage

What is the status of your mortgage?

I am paying my mortgage on time and in full

I am behind on my mortgage payments

I was behind, but I have entered into a mortgage modification agreement and I am making payments again

If you are currently behind on your mortgage, let us know how long it has been an issue:

What is your current monthly mortgage payment?

What is your savings goal for Homeowner Reserve?

We recommend that participants set aside three months worth of mortgage payments in a dedicated account. This can be used as an emergency fund to cover housing payments during months that other expenses come up or when your income dips. If you meet program requirements and save at least $1,000 within six months we will reward you with a $200 bonus; save at least $2,000 in six months for a $400 bonus.

My savings goal is:

I am saving for (check all that apply):

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