Stop Foreclosure Foundation
Loan modification, foreclosure defense, short sales and other strategies for the burdened homeowner
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Home Affordable Modifications
Home Affordable Modifications
If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.
Am I eligible for a Home Affordable Modification? Answer these questions:
Is your home your primary residence?
Yes
No
Is the amount you owe on your first mortgage equal to or less than $625,500?
Yes
No
Are you having trouble paying your mortgage? For example, have you had a significant increase in your mortgage payment OR reduction in your income since you got your current loan OR have you suffered a hardship that has increased your expenses (like medical bills)?
Yes
No
Did you get your current mortgage before January 1, 2009?
Yes
No
Is your payment on your first mortgage (including principal, interest, taxes, insurance and homeowner’s association dues, if applicable) more than 31% of your current gross income?
Yes
No
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