Relief Programs

Government Mortgage Relief Programs

Qualifications, Instructions and Resources

Loan Modification

The purpose of a mortgage loan modification is to get your monthly payment to a more affordable level. An “affordable” mortgage payment is typically defined as 31% of the borrower’s monthly gross income. This is achieved by modifying one or more components of your mortgage:

Lowering the interest rate
Extending the life of the loan
Lowering the loan principle

Learn more about loan modification programs, qualifications, and how to apply.

Home Affordable Unemployment Program (UP)

The Home Affordable Unemployment Program reduces or suspends mortgage payments for 12 months or more for homeowners who are unemployed. If you qualify, your mortgage payments may be reduced to 31% of your income or fully suspended.

Learn more about the Home Affordable Unemployment Program

Principal Reduction Alternative (PRA)

The Principal Reduction Alternative encourages your mortgage lender to reduce the amount of principal you owe. Currently, there are over 100 loan servicers participating in this program.

Learn more about the Principal Reduction Alternative

Second Lien Modification Program (2MP)

The Second Lien Modification Program helps homeowners with a second mortgage on their home. This applies to properties where the first mortgage was modified under the Home Affordable Modification Program (HAMP).

Learn more about the Second Lien Modification Program