Modification for loans not owned or insured by the federal government
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800 669 6650
800 669 6650 Mon-Fri 8 a.m. - 8 p.m. EasternHelp is available in English, Spanish and many other languages.
Is a non-government owned or insured home loan modification right for you?
If your mortgage is not owned or insured by the federal government, a loan modification program may make your payments more affordable – even if you no longer live in the property.
Eligibility
You may be eligible1 if:
- You're having trouble paying your mortgage due to a financial hardship
- Your loan is not owned or insured by the federal government (i.e., it’s a conventional loan)
- This is your primary mortgage against the property
- You’ve made at least six full payments during the life of your loan
- You haven’t exceeded the modification limits set by the owner of your loan
- Your property is a one to four-unit house, condo or manufactured home; buildable home lots may also qualify
- All borrowers on your loan agree to participate
There are additional eligibility requirements for this program. Please contact us to learn more.
There are no fees and no minimum credit score requirements with this program. However, you will be responsible for certain costs, expenses, and fees associated with the servicing of your loan that were incurred by you before the application for the modification is completed and approved(such as foreclosure attorney fees). When your modification becomes final, all prior unpaid late charges will be waived.
What if I'm not eligible or get declined?
Please call us to discuss other options. If we can't find another affordable option that works for you to stay in your home, you may need to consider options that involve leaving your house.
If your house is currently worth less than the amount remaining on your loan, you may be able to qualify for a Cooperative Short Sale. In this process, you’ll work with us to get approval for a short sale before putting your house on the market.
Call us
800 669 6650
800 669 6650 Mon-Fri 8 a.m. - 8 p.m. EasternHelp is available in English, Spanish and many other languages.
1 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 requirements of the Program.