List of Banks Which Are Giving Home Loans During Covid-19

By: Abdullah Haroon

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In an attempt to fight the effects of COVID-19, every organization is chipping in to cease the prevailing losses. Banks, mortgage, and auto loan companies stepped in to facilitate more people who bore the brunt of the pandemic.

People who had installments due to different mortgages are hot waters as money is not coming in and unemployment sky-rocketing

Finally, as a sigh of relief, several banks announced they’re easing payment deadlines, suspending foreclosures, providing deferral programs, and waiving fees.

What Banks and Mortgage Companies are Assisting Customers Who were Hit by the Coronavirus:

Ally Bank:

Ally is helping clients in the following ways. They decided to extend deposits for current customers for up to 100 days without considering late fees or finance charges.

Bank of America:

Bank of America has taken the following initiatives: the bank will extend payments for up to 90 days, and missed payments are added to the end of the loan term without affecting the credit score.

Capital One:

The bank is offering financial relief alternatives upon request, such as limiting fees, offering reasonable payment assistance, and offering loans.

JPMorgan Chase:

The bank has stated that it will extend a helping hand to those affected by coronavirus.

Citi Bank:

Citi has offered assistance in waiving fees on monthly services. The bank is offering a variety of mortgage hardships plans. You may contact for services at, Cenlar FSB, at 1 (855) 839-6253.

Wells Fargo:

Wells Fargo has followed the footsteps of other major banks and offers fee waivers and payment extensions. Other expanded assistance for a credit card and mortgage facility for small businesses as well as personal.

BMO Harris:

BMO Harris is furnishing relief for mortgage payments. To avail of the opportunity, a request can be placed to the bank.

Charles Schwab Bank:

In a good office, the bank has decided to postpone mortgage payments for up to 90 days, but you have to pay the amount you missed at the end of the 90 days.


Chase proposed mortgage payment assistance. You may contact them via an online portal or by calling 1 (888) 356-0023.


CIT is not evicting homeowners who are unable to pay at this time. To place a request for mortgage forbearance, call 1 (800) 781-7399.

Comerica Bank:

Call 1 (888) 444-9876 to avail the payment assistance at Comerica.

Fifth Third Bank:

You can submit an application for mortgage payment forbearance for up to 180 days through Fifth Third Bank. However, you will be supposed to pay the amount you missed at the end of the forbearance period.

The different option to settle the debt includes paying a lump sum amount at once, charting out a repayment plan, request to be evaluated for a loan modification plan.

Huntington National Bank:

The bank is proposing to postpone mortgage payments for up to 90 days. Interest is likely to continue, but you will not have to settle additional payments until the end of your loan term.

Navy Federal Credit Union:

The Navy Federal Credit Union has carted a major plan to serve the people in need. To avail of the mortgage, forbearance calls 1 (800) 258-5948 or leave a secured message from your online account. You may ask for further help if you are still confronting the harder financial time.

The bank is providing several alternatives for the missing installments. You can pay all the amount at once at the end of the forbearance period or may pay in small deposits or submit at the end of the loan term.

New York Community Bank:

The Bank is furnishing 90-day mortgage tolerance for customers who are facing the brunt of the virus.

You have to follow the instructions to qualify for a modified mortgage program.

Santander Bank:

Santander Bank is offering assistance in mortgage foreclosures. Call 1 (844) 728-0999 for more information.

TIAA Bank:

The bank is extending support to those who are financially impacted by the pandemic. You may ask for temporary forbearance and you will not be charged late fees without hurting your credit score.

TD Bank:

TD Bank has offered to adjust mortgage payments and also proposed to waive late fees. For the information call 1 (800) 742-2651

Trust (formerly BB&T and SunTrust):

You can enroll in forbearance for up to 90 days through Trust. If you’re still struggling to make payments at the end of the 90 days, you can apply for payment modification.

SunTrust’s customers can call 1 (800) 443-1032 and BB&T customers can call 1 (800) 827-3722.

There is no denying the fact that we are facing exceptional circumstances. The economy is suffering a great deal. During this testing time, every individual and each organization has to step forward to bear the fair share of the hardship. It is two-way traffic. We have to act responsibly toward the facilitations so that more among us can take the advantage of them.