No assistance shall be extended with respect to any mortgage under this chapter unless—

((1)) the holder of the mortgage has indicated to the mortgagor its intention to foreclose;

((2)) the mortgagor and holder of the mortgage have certified that circumstances make it probable that there will be a foreclosure and that the mortgagor is in need of emergency mortgage relief as authorized by this chapter;

((3)) payments under the mortgage have been delinquent for at least three months;

((4)) the mortgagor has incurred a substantial reduction in income as a result of involuntary unemployment or underemployment due to adverse economic conditions or medical conditions and is financially unable to make full mortgage payments;

((5)) there is a reasonable prospect that the mortgagor will be able to make the adjustments necessary for a full resumption of mortgage payments; and

((6)) the mortgaged property is the principal residence of the mortgagor.