Mortgage Assistance Options

If you are having trouble paying your loan, we offer a variety of options to help you avoid foreclosure. These can vary by the investor or mortgage insurer of your loan, but they generally include the following:

Repayment Plan

This involves making payment arrangements over a specific period of time, typically three to six months, that are designed to reinstate a delinquent loan to a current status.

Forbearance Plan

This is a type of payment arrangement where your payment is reduced or suspended on a temporary basis.

Loan Modification

This permanent change to the terms of the original mortgage may include one or more of the following: an interest rate change, extension, or change in payments or loan amount.

Pre-Foreclosure/Short Sale

This option allows a borrower to avoid foreclosure by selling the property for less than the total amount owed.

Deed-in-Lieu of Foreclosure

An option that allows a borrower to voluntarily deed a property to the lender to avoid foreclosure.

Documents We May Require

To be considered for any of these mitigation options, we need recent documentation regarding your current financial circumstances, including your plans for the property, what led you to need assistance, and how you can demonstrate your ability to either maintain payments in the future or show you cannot continue to make mortgage payments.

These documents may include:

  • A letter of explanation
  • Information about your income, including tax returns, verification forms, and self employment information.
  • An application or assistance form which can include information about your debts and other liabilities.

Call Us

If you wish to discuss options to loss mitigation options, call us at 888-745-6426.

HUD Counseling

The US Department of Housing and Urban Development (HUD) also has resources to help you in the event and can refer you to certified housing counseling agencies. For a list of HUD-approved housing counseling agencies that can provide foreclosure prevention information, please contact (HUD) at (800) 569-4287 or