Making Home Affordable Loan Modification Guidelines

Am I eligible for the Home Affordable Modification Program?

• Loans originated on or before January 1, 2009.
• First-lien loans on owner-occupied properties
• Unpaid principal balance up to $729,750. Higher limits are allowed for multi-unit properties.
• Delinquency is not a requirement for eligibility.
• Loans can only be modified one time under this program.

How do I get started?

If you meet the above eligibility requirements, mail the following documentation to:

• Completed and signed IRS 4506-T form.
• The two most recent pay stubs for each wage earner on the Note
• The most recent tax returns for each customer on the Note
• A signed affidavit of financial hardship.Please gather the following information and have this ready.  You may enter your financial information online, or call us to speak to a Loan Counselor.
  • Income (monthly gross and take home pay).
  • Checking and Savings Account balances
  • Other assets (boat, cars, personal property)
  • Expenses (monthly household expenses)
  • Other Expenses (auto loans, credit card payments, etc.)

  Important Links
  http://makinghomeaffordable.gov/
  http://www.treas.gov/initiatives/eesa/
  http://www.financialstability.gov/