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HAMP Program (Home Affordable Modification Program)
The HAMP program will help up to 3 to 4 million at-risk homeowners avoid foreclosure by reducing monthly mortgage payments. Working with the banking and credit union regulators, the FHA, the VA, the USDA and the Federal Housing Finance Agency, the Treasury Department announced program guidelines that are expected to become standard industry practice in pursuing affordable and sustainable mortgage modifications. The HAMP program will work in tandem with an expanded and improved Hope for Homeowners program.
The Home Affordable Modification Program (HAMP) ends December 2013.
- Mortgage including taxes & insurance must be over 31% of borrower monthly gross income
- Must live in property (1-4 units)
- Less than $729,500 on 1st mortgage only/2nd loans okay
- Loan originated before Jan. 1st, 2009
- Current or late mortgages okay (Pending NOD "Notice of Default"/No NOS "Notice of Sale", unless 60 days or more from sale date)
- Must have a financial hardship (i.e. job loss, reduced income, divorce, etc.)
Start now to modify your mortgage, apply here
U.S.HomeSupport
"Changing Loans & Saving Homes"
Call us today to learn more about how we can help you with your mortgage.
Toll Free: 866-946-9990
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Download the official program
Video 1
Video 2
Click the videos below to see what the media has to say about loan modification assistance.
