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.
- 2 units- $934.200
- 3 units- $1,129,250
- 4 units- $1,403,400
- 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 your lenders.
- 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 when you speak to a Loan Counselor.
- Income (monthly gross and take home pay).
- Checking and Savings Account balances
- Other assests (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/
Blogged with the Flock Browser
No comments:
Post a Comment
Thank you for commenting!