Modifications for loan not owned or insured by the federal government
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.
Is a non-government owned or insured home loan modification right for you?
If a mortgage is a conventional loan, which means that it is not owned or insured by the federal government, there may be loan modification programs that may make payments more affordable – even if you no longer live in the property.
Eligibility
You may be eligible1 if:
- You're having trouble paying the mortgage due to a financial hardship
- The loan is not owned or insured by the federal government (i.e., it’s a conventional loan)
- This is the primary mortgage against the property
- You’ve made at least six full payments during the life of the loan
- You haven’t exceeded the modification limits set by the owner of the loan
- Your property is a one to four-unit house, condo or manufactured home; buildable home lots may also qualify
- All borrowers on the 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 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?
Please call us to discuss other options. If we can't find an option that would allow you to stay in the home, you may need to consider options that involve leaving the house.
If the property is currently worth less than the amount remaining on the 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 home on the market.
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 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.