Your home is your most significant asset—and because we get that, we’re here working to help you look after it. There’s nothing more important to us than helping you protect your home. One of the ways we can do that is by getting you the information, resources, and options you need.

To make it as easy as we can, this website should address your questions and concerns about how mortgage assistance works from forbearance to repayment or modification options. You can also visit the Consumer Financial Protection Bureau (CFPB) where you’ll find videos and other helpful information on topics about managing your finances during this challenging time.

Homeowners Assistance Fund (HAF)

The American Rescue Plan Act of 2021 (ARPA) created the Homeowners Assistance Fund (HAF) to provide funds to homeowners facing a financial hardship due to the COVID-19 pandemic. Although HAF is a federal program, it is being administered through all 50 states, the District of Columbia, and 3 territories. The U.S. Department of the Treasury is responsible for the review and approval of each individual state or territory plan. To apply for HAF assistance, you must apply directly through your state’s application process.

Please note some individual state programs may have run out of their HAF funds. Please visit your state’s HAF website for more details.

For additional information on the program, please go to www.consumerfinance.gov/haf or call (800) 569-4287.

Who owns your loan and why it matters
To understand the options available for getting help with your mortgage, it’s important to know who owns your loan. That’s because homeowners with federally-backed loans, which are loans owned or backed by Fannie Mae, Freddie Mac, Federal Home Loan Bank, VA, USDA, and HUD, are eligible for certain assistance options.

Most homeowners have federally backed loans. If you’d like to check for yourself, there are some online tools you can use to look up who owns your mortgage. For example, Fannie Mae and Freddie Mac both offer a mortgage lookup tool on their websites.

Forbearance Requests

Requests for initial forbearances are no longer being accepted for most loans. The maximum duration of forbearance for federally backed loans varies and is dependent upon agency/investor/insurer guidelines.

If you are on an existing USDA COVID-19 forbearance, please call us at 866-300-8154 to end your forbearance or to potentially request an extension. USDA forbearances have a maximum duration of two six month periods.

For all other loans or if you no longer qualify for an extension, please call us at 866-300-8154 if you are experiencing a financial hardship.

Note: If you pay your own property taxes, insurance, or HOA/condo fees separately from your mortgage, you must continue making these payments during forbearance.

If your financial hardship has ended
Once your financial hardship has ended, we will work with you to determine the available options based on your financial situation, state of residence, and the type of loan you have. Your options may include*:

• Loan Reinstatement: If you can afford it, you pay all delinquent amounts at once, including the payments that became due during the forbearance.
• Repayment Plan: A repayment plan allows you to repay all delinquent amounts gradually over a period of time in addition to your regular monthly payments. Portions of your repayment amount are added on to your monthly mortgage payment amount.
• Deferral: A deferral allows you to avoid having to pay your suspended mortgage payments all at once, typically by adding a non-interest-bearing balance at the end of your mortgage, repayable either at loan payoff (for example if you sell your home) or at maturity.
• Loan Modification: Permanently change the terms of your mortgage to bring it current.
• FHA Partial Claim or Loan Modification: You may be eligible to defer suspended payments. The COVID-19 Recovery Standalone Partial Claim option says that any past due payment amounts are carried forward as a subordinate lien against your property, payable at the earlier of the end of the mortgage, the refinancing or sale of the property, or other transfer of the title. The FHA has a number of options available to you, including:

COVID-19 Advance Loan Modification

COVID-19 Recovery Standalone Partial Claim

COVID-19 Recovery Modification

COVID-19 Pre-Foreclosure Sale (PFS)

COVID-19 Deed-in-Lieu (DIL) of Foreclosure

If you have a Section 184 Indian Home Loan Guaranteed loan or a Section 184A Native Hawaiian Home Loan Guaranteed loan, you may be eligible for the options below to assist you in resolving the suspended payments:

COVID-19 Native Advance Loan Modification

COVID-19 Recovery Loss Mitigation Advance

COVID-19 Recovery Native Loan Modification

Options may depend on your financial situation and any post assistance received. You may also be eligible for a loan modification or both a partial claim and modification together. For more information, please visit the U.S. Department of Housing and Urban Development website.

• VA loans: You may be eligible for a post-forbearance option to assist you in resolving the suspended payments.

USDA loans: You may be eligible for a loan modification plan that would allow you to modify the terms of your mortgage to account for the suspended payments.

*Available options may vary depending on the type of loan you have and/or guidelines of your financial institution. Additional eligibility requirements and documentation may be required. The CFPB website offers additional information.

What happens after my forbearance periods have been exhausted or my financial hardship is coming to an end?

If your forbearance periods have ended or your financial hardship has ended but you are unable to resume normal payments, we’ll be able to evaluate you for available mortgage assistance options. As part of the evaluation, we may ask you to share documents needed to help us determine your eligibility for the options available to you. Your type of loan, the state in which you live and your financial situation will help determine available options. Call us at 866-300-8154 for more information.

Please Note: Please be aware of scammers who often try to take advantage of consumers when they are most vulnerable. To learn more about scammers and how to avoid being taken advantage of, please visit the Consumer Financial Protection Bureau’s website