Coronavirus End of Forbearance Options
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800.669.6650
800.669.6650 Monday through Friday8 a.m.-8 p.m. Eastern
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Spanish, and many other languages.
What are the options once the coronavirus forbearance is complete?
Programs available once the coronavirus forbearance period is complete may include:
- Repaying the missed payments at the end of the forbearance
- Setting up a repayment plan where the missed payments are repaid gradually while paying the regular monthly payment1
- Moving the missed payments into a deferred balance fully due upon the maturity date of the loan or earlier upon the sale or transfer of the property, refinance of the loan, or payoff of the interest-bearing unpaid principal balance2
If none of these options work, we may be able to set up a modification to change the loan in order to lower the monthly mortgage payment by reducing the interest rate or extending the term of the loan.
Modification Eligibility
There are additional eligibility requirements for these programs. Please contact us to learn more.
There are no fees and no minimum credit score requirements with these programs. However, you may be responsible for certain costs, expenses, and fees associated with the servicing of the loan that were incurred before the application for the modification is completed and approved (such as foreclosure attorney fees). When the modification becomes final, all prior unpaid late charges will be waived.
What if I'm not eligible or get declined?
If your financial circumstances change, we may be able to reevaluate the loan for a program.
If we can't find another affordable option that works for you to stay in your home or if you no longer wish to remain in the property, please contact us to discuss the options to settle home loan debt.
Call us
800.669.6650
800.669.6650 Monday through Friday8 a.m.-8 p.m. Eastern
Help is available in English, Spanish, and many other languages.
1 Number of months for repayment varies based on individual investor or insurer guidelines.
2 Available for Fannie Mae and Freddie Mac loans.
3 These eligibility requirements are informational and are not intended as a commitment to modify your home loan nor is this an exhaustive list of the eligibility of these programs.
4 Some programs offered on Fannie Mae and Freddie Mac loans do not require a previous forbearance to be eligible.