I want to stay in my home
If you're having trouble paying your mortgage, the following home loan assistance programs were created to help homeowners stay in their homes and make their payments more affordable. Let's work together to find a home loan assistance solution that's right for you.
- Refinance » definition: If you have at least 10% equity in your home, you may be able to lower your monthly payments by refinancing at a lower interest rate.
- Home Affordable Refinance » definition: If your mortgage is 80% or more of your home's value, you may still be able to refinance at a lower interest rate.
- Home Affordable Unemployment Program » definition: If you are currently unemployed, you may qualify for suspended payments while you look for new employment.
- Home Affordable Modification » definition: If your mortgage payments are more than 31% of your monthly income, you may qualify for a loan modification.
- Home Affordable Modification Program Military Modification » definition: If you're a military servicemember having difficulty making your mortgage payments, you may be eligible for assistance, including principal forgiveness.
- FHA Home Affordable Modification » definition: If you have an FHA loan, you may be able to reduce your mortgage payments to a more affordable level.
- Hardest Hit Fund » definition: If you live in one of the states most affected by housing price declines and the recession, a variety of assistance programs may be available.
- Home Affordable Second Lien Modification » definition: If you've permanently modified your first mortgage under HAMP, help may be available for your home equity loan or home equity line of credit.
- Forbearance » definition: If your hardship is temporary, we may be able to reduce or suspend your mortgage payments until your situation improves.
- Bank of America Home Loan Modification » definition: We offer different loan modification programs that may be available to make your payments affordable and help you avoid foreclosure.
- Home Equity Assistance » definition: If you have a home equity loan or home equity line of credit and were unable to qualify for the Home Affordable Second Lien Modification Program, other home equity assistance programs may be available.
- Tax & Insurance Help with a Reverse Mortgage » definition: If you already have a reverse mortgage and are having trouble with your property tax, homeowners insurance, or both payments, we may be able to help.
I would consider leaving my home
If you are unable to make your loan payments and you've explored all the available options for staying in your home, these are the home loan assistance solutions to consider for settling your home loan debt. We'll help guide you through the process.
- Home Affordable Foreclosure Alternatives » definition: If you owe more on your mortgage than your house is worth and are considering a short sale, by working with us from the start, you may be eligible for added benefits such as $3,000 for relocation assistance.
- Traditional Short Sale Process » definition: If you already have a potential buyer for your home but don't have prior approval from us to pursue a short sale, we can help you understand what steps are required for approval.
- Deed in Lieu » definition: If you can no longer afford your monthly payments and are unable to sell your home, you may be able to settle your loan by signing the home over to your lender.
Foreclosure
A foreclosure can happen to anyone for any number of reasons. If you feel you may be heading toward a foreclosure, or even if you’ve already received a foreclosure notice, there may be alternatives.
Learn More » about Foreclosue
Homeowner Counseling Services
Non-profit organizations and government home loan assistance programs are available to help you create a unified, coordinated plan to help you resolve your current situation.
Learn More » about Homeowner Counseling Services
