The HELP Program by Rainy Day Foundation, LLC

Frequently Asked Questions


	Welcome to the HELP Program FAQ page. Below are the questions we have found are asked most often. To view the answer to a question simply place your mouse over it to reveal the answer. General Questions Q. How is the HELP program paid for? Q. Are there any loan restrictions on this program? Q. Where do I send my Buyer/Seller enrollments in the HELP program? Q. Who administers the HELP program? Q. Who is the Rainy Day Foundation? Education & Counseling Q. Is Pre-homebuyer Education required? Q. What is the purpose of the telephone contacts from a Rainy Day counselor? Q. Are there any other types of contact between the homeowner and the Rainy Day Foundation? Mortgage Protection Program Q. What is the Mortgage Protection Program? Q. What is the best way to explain the Mortgage Protection Program? Q. When does the Mortgage Protection Program coverage begin? Q. Can the Mortgage Protection Program be renewed? Q. When an involuntary job loss occurs, how does the homeowner take advantage of the program? Q. What if there are two homeowners and one loses their job? Q. What if the homeowner's mortgage payment (PITI) is less than $1,800/$2,500 per month, what happens to the remainder of the Mortgage Protection Program benefit? Rainy Day Foundation Q. What is the Rainy Day Program? Q. Where do the funds for the Rainy Day Fund come from? Q. Who maintains the funds in the Rainy Day Fund? Q. Do homeowners have to pay back the grants received from the Rainy Day Fund? Q. What happens if the Rainy Day Fund runs out of money? Q. Who decides if a homeowner's grant request is approved? Q. How does a homeowner apply for a Rainy Day Fund Grant?


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	+ Program Participants

	+ Program Process Timeline

	+ Online Registration Form

	+ Partner Secure Sign-In

	+ The Rainy Day Foundation

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