Making Home Affordable

An official program of the Departments of the Treasury & Housing and Urban Development

US Department of the Treasury US Department of Housing and Urban Development

If you are not unemployed, but you’re still struggling to make your mortgage payments, you may be eligible for the Home Affordable Modification Program (HAMP®). HAMP may lower your monthly mortgage payments in order to make them more affordable and sustainable for the long-term.

If you currently occupy your home as your primary residence, we encourage you to contact your mortgage servicer as soon as possible to begin the HAMP evaluation process.

In an effort to continue to provide meaningful solutions to the housing crisis, effective June 1, 2012, the Obama Administration expanded the population of homeowners that may be eligible for the Home Affordable Modification Program to include:

Homeowners who are applying for a modification on a home that is not their primary residence, but the property is currently rented or the homeowner intends to rent it.
Homeowners who previously did not qualify for HAMP because their debt-to-income ratio was 31% or lower.
Homeowners who previously received a HAMP trial period plan, but defaulted in their trial payments.
Homeowners who previously received a HAMP permanent modification, but defaulted in their payments, therefore losing good standing.
If you are a homeowner who falls into any of these criteria, you may be eligible for a modification under the expanded criteria. Please check with your mortgage servicer to see if you are eligible to begin the HAMP evaluation process.

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+ Steps to apply for a HAMP Modification
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Key Terms on This Page:

Verified Monthly Gross (pre-tax) Income, Mortgage Modification,
Second Mortgage

Last Updated: 6/4/2012 9:17 AM
Lower Monthly Payments
Home Affordable Modification Program (HAMP)
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Principal Reduction Alternative (PRA)
Second Lien Modification Program (2MP)
FHA Home Affordable Modification Program (FHA-HAMP)
USDA’s Special Loan Servicing
Veteran’s Administration Home Affordable Modification (VA-HAMP)
Lower Interest Rates
If You Are Unemployed
If You Have a Second Mortgage
If Your Home’s Value Has Fallen
Leave Your Home & Avoid Foreclosure
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Help is a Phone Call Away
888-995-HOPE (4673)
Hearing impaired: 877-304-9709 TTY

As you enter a process that can sometimes be overwhelming, it would be in your best interest to engage a housing expert to help you along the way. Let a HUD-approved housing counselor help you understand your options, prepare your application, and work with your mortgage company.
Homeowner’s HOPE™ Hotline
Hear it from Homeowners

Curtis and Darlene of Chicago, IL
Curtis and Darlene had lived in their home for 35 years when Curtis lost his job. That’s when MHA helped them cut their mortgage payments in half.

See their story (PSA)
Beware of Scams

Unfortunately, and far too often, homeowners looking for mortgage help end up victimized by scam artists. Know the warning signs to protect yourself, your money, and your home.


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