No, there won’t be any late fees or penalties while you are on a forbearance plan. And no extra interest amounts will accrue.

Interest will continue to be charged as stated in your loan terms. This is because a forbearance plan stops your payments for an agreed-upon period of time.

More information

If you have a past due amount while on a forbearance plan, you aren’t required to pay it while the plan is in effect. However, the past due amount will remain and will be addressed when the plan ends.

You’ll need to resolve it by paying the past due amount in full or qualify for another mortgage assistance program.

To learn about other options if you’re struggling with your mortgage payments, visit our Avoid foreclosure and keep your home page.

For more general information, visit our Mortgage assistance and payment help page.