USDA (Rural) Modification
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
Is a USDA modification right for you?
A USDA (Rural) loan modification may lower your monthly mortgage payment.
Eligibility
You may be eligible1 if:
- You're having trouble paying your mortgage due to a financial hardship
- Your first mortgage is a USDA-insured home loan
- You own the home, and it’s your primary residence
- You haven’t exceeded the modification limits set by the insurer of your loan
- 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?
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 sell your property in a short sale. Please call us at 800 669 6650 to discuss your options.
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 requirements of the Program.