The goal of the Mortgage Reinstatement Assistance Program is to help homeowners who are starting to fall behind on their mortgage as a result of a financial hardship.

For any eligible homeowner who wishes to reinstate their delinquent mortgage, the MRAP has the ability to assist with outstanding mortgage payments due on the first-lien mortgage.

In order to apply for the MRAP, it is important for borrowers to comply with the required criteria, which can include:

Currently experiencing a financial hardship.

Having the means to sustain future payments after the mortgage is reinstated.

Providing all relevant paperwork to help satisfy the guidelines of the program.

MRAP is only applicable if the property at stake is able to comply with specific circumstances, such as the first-lien mortgage not being above a certain value, the property is regarded as the primary residence, and it is kept maintained, and not condemned, vacant, or abandoned.

Certain exclusions may apply to those that wish to sign up to MRAP, which can include active bankruptcy and less than two payments behind on the mortgage when asking for assistance.