Loan Modification
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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.
What is a home loan modification?
If you’re experiencing a financial hardship, a loan modification may help make monthly home loan payments more affordable.
A loan modification may add any interest, escrow, fees and expenses that are due into the remaining principal balance of the loan. Depending upon the type of loan, this may involve extending the term of the loan, lowering the interest rate and/or deferring principal, as needed, to achieve an affordable payment.
Eligibility
Select the owner or insurer of the loan to learn more about eligibility requirements.1
You may be eligible for a Fannie Mae or Freddie Mac loan modification if:
- You're having trouble paying the mortgage due to a financial hardship
- The first mortgage is owned by Fannie Mae or Freddie Mac
- You own the home, and it’s your primary residence
- You’ve had a mortgage that is owned by Fannie Mae or Freddie Mac for at least 12 months
- You haven’t exceeded the modification limits determined by the owner of the loan
- All borrowers on the loan agree to participate
You can apply securely online. Simply click below to continue to our partner website.
Apply onlineYou may be eligible for an FHA loan modification if:
- You're having trouble paying the mortgage due to a financial hardship
- The first mortgage is an FHA-insured home loan
- You own the home
- You haven’t exceeded the modification limits set by the insurer of the loan
- All borrowers on the loan agree to participate
You can apply securely online. Simply click below to continue to our partner website.
Apply onlineYou may be eligible for a VA loan modification if:
- You're having trouble paying the mortgage due to a financial hardship
- The first mortgage is a VA-insured home loan
- You haven’t exceeded the modification limits set by the insurer of the loan
- All borrowers on the loan agree to participate
You can apply securely online. Simply click below to continue to our partner website.
Apply onlineYou may be eligible for a USDA loan modification if:
- You're having trouble paying the mortgage due to a financial hardship
- The 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 the loan
- All borrowers on the loan agree to participate
You can apply securely online. Simply click below to continue to our partner website.
Apply onlineYou may be eligible for a modification of a loan not owned or insured by the government 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
You can apply securely online. Simply click below to continue to our partner website.
Apply onlineThere are no fees and no minimum credit score requirements with these programs. However, you will be responsible for certain costs, expenses and fees associated with the servicing of the loan that were incurred by you 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?
Whether your financial hardships are temporary or longer-term, we’re here to help. If we can't find a program that would let you stay in the home, you may need to consider options that involve leaving the house.
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.