Thousands of homeowners can score $50,000 free money to pay off their mortgage

The state of Georgia has launched a program called Georgia Mortgage Assistance which allows eligible residents to receive grants up to $50,000 to help pay off their mortgage. The program is funded by the American Rescue Plan Act of 2021 and applications are now open. There are three different ways the program can assist recipients, including mortgage reinstatement, reducing the total mortgage loan balance, and making payments to vendors to reduce housing expenses. Eligibility requirements include being a resident of Georgia, meeting certain Area Median Income limits, and other conditions.

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