Coronavirus End of Forbearance Options

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.

You may be eligible³ for a loan modification if:

• The loan received coronavirus payment assistance in the form of a forbearance⁴
• You're having trouble paying the mortgage due to a financial hardship

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.