Making Home Affordable Program

What is "Making Home Affordable" all about?

You may be eligible for a lower monthly payment!
 

MAKING HOME AFFORDABLE REFINANCE PROGRAM

Making Home Affordable is part of President Obama's comprehensive strategy to get the housing market back on track. Through the Making Home Affordable Program, up to 9 million American families may be eligible to refinance or modify their loans to a payment that is affordable now and into the future.

To find out more about the "Making Home Affordable" program... visit www.MakingHomeAffordable.gov

How do I know if I am eligible?  

You may be eligible if:

  • You are the owner occupant of a one to four unit home  

  • The loan on your property is owned or securitized by Fannie Mae or Freddie Mac.  

  • At the time you apply, you are current on your mortgage payments (current means that you haven’t been more than 30-days late on your mortgage payment in the last 12 months or, if you have had the loan for less than 12 months, you have never missed a payment)

  • You believe that the amount you owe on your first mortgage is about the same or slightly less than the current value of your house

  • You have income sufficient to support the new mortgage payments

  • The refinance improves the long term affordability or stability of your loan.  

To find out more about the "Making Home Affordable" program... visit www.MakingHomeAffordable.gov

 

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