12.3.6.4.2 The COVID-19 Standalone Partial Claim

The COVID-19 Standalone Partial Claim allows borrowers who can afford their pre-forbearance monthly payments to become current with a zero percent interest loan from HUD that is recorded as a mortgage and is generally payable at the end of the loan term. The partial claim brings their loan current by covering full principal, interest, taxes, and insurance (PITI) payments. It is the same as a standard FHA partial claim except that borrowers do not need to submit financial information to access it. According to HUD, a borrower with a COVID-19 hardship who “indicates they have the ability to resume making on-time Mortgage Payments” can qualify for the partial claim.⁸⁶ Like the standard partial claim, the COVID-19 Standalone Partial Claim is subject to the thirty percent statutory maximum.⁸⁷