Foreclosure Prevention Loan Modification/Refinancing Programs

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    Programs available through the federal government, state housing agencies or directly from financial institutions that offer fixed rate mortgages, bridge loans or other types of mortgage services primarily for homeowners who cannot afford their current loan, are at risk for default and foreclosure and have the capacity to make the new payment in a timely manner or who owe more than their property is currently worth. The loans help borrowers refinance their mortgage into a payment they can afford, modify the terms and conditions of their current loan or reinstate a delinquent loan; and may involve a reduction in principal if the lending institution is willing to write down the loan or a reduction in the balance in a second lien in some situations. Some loans may be forgiven after a designated number of years or only become due and payable if the property is sold, refinanced or no longer owner-occupied. Most of these programs are time limited and apply only to primary residences. Applicant homeowners may be required to prove economic hardship and demonstrate that they meet income and other guidelines.

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    There are 13 matching records.
    Service NameDescriptionLocationProgramAgency
    Affordable Housing Centers of Pennsylvania - Foreclosure Prevention for Mortgage and Property Tax - FrancisvilleHousing counselors are nationally certified in foreclosure prevention. Assisting clients in applying for a mortgage modification or other long-term mortgage resolution options. Clients that are delinquent in real estate taxes also have the opportunity to obtain long-term repayment plans with their real estate taxes.PhiladelphiaAffordable Housing Centers of Pennsylvania - FrancisvilleAffordable Housing Centers of Pennsylvania
    Blueprints - Housing CounselingHUD-approved counseling agency for housing problems including budget counseling; also assist with the completion of Farmer's Home Administration application; foreclosure mitigation; pre-purchase counseling; provides information and referrals to other community agencies and programs.WashingtonFamily Economic SuccessBlueprints
    Blueprints - Mortgage Foreclosure AvoidanceHousing counselors are available to discuss and enroll clients in individual programs designed to help prevent foreclosures. In partnership with the Pennsylvania Housing Finance Agency, housing counselors provide these services: * Individual Pre-Home Purchase Counseling * Individual Credit & Budget Counseling * Pre-Home Purchase Educational Workshops * Pre-Home Closing Counseling Workshops * Anti-Predatory Lending & Foreclosure Prevention WorkshopsWashingtonFamily Economic SuccessBlueprints
    Congreso de Latinos Unidos - Housing Foreclosure Intervention/Prevention Congreso intervenes at various stages in the foreclosure process, from those who need mortgage assistance after a few back payments to those in the beginning states of foreclosure. The organization’s Housing Department provides counseling and supportive services including advocacy at the conciliation hearings.  Providing high quality housing services to vulnerable populations. PhiladelphiaCongreso de Latinos Unidos - Philadelphia; West KensingtonCongreso de Latinos Unidos
    Making Home AffordableGovernment program to help homeowners get mortgage relief and avoid foreclosure. Making Home Affordable programs offer a range of solutions that may be able to help:
    • Refinance and take advantage of low mortgage interest rates.
    • Reduce monthly mortgage payments
    • Get mortgage relief while searching for re-employment
    • Get help when you owe more than your home is worth
    • Avoid foreclosure when homeownership is no longer affordable or desirable.
    Making Home AffordableUnited States Department of Housing and Urban Development
    NeighborWorks - Allegheny CountyProvides free housing counseling services, homebuyer education and financial literacy courses. Foreclosure prevention services help homeowners whose mortgage delinquency is due to involuntary unemployment, adjustable rate resets, income disruption, family/medical emergency, or predatory lending. Provides free credit scores, budgeting advice, and pre-purchase counseling for FHA loans. Satellite Locations:
    • Eastside Neighborhood Employment Center - Garfield,
    • Hosanna House - Wilkinsburg,
    • Human Services Inc. - Turtle Creek,
    • The Kingley Association - Larimer,
    • North Hills Community Outreach,
    • North Side Leadership Conference,
    • NWWPA Homeownership Center - Main Office in Uptown/Downtown Pittsburgh,
    • Lawrence County Community Action Partnership - New Castle,
    • South Hills Interfaith Ministries,
    • Operation Better Block,
    • Veterans's Administration - Delafield Road,
    • Hazelwood.
    AlleghenyNeighborWorks - Western PANeighborWorks Western PA
    NeighborWorks - Lawrence CountyProvides free housing counseling services, home-buyer education and financial literacy courses. Foreclosure prevention services help homeowners whose mortgage delinquency is due to involuntary unemployment, adjustable rate resets, income disruption, family/medical emergency, or predatory lending. Provides free credit scores, budgeting advice, and pre-purchase counseling for FHA loans. Call or email for Satellite Locations nearest you. AlleghenyNeighborWorks - Western PANeighborWorks Western PA
    Northern Tier Community Action Corporation - Homeowners' Emergency Mortgage Assistance ProgramHEMAP is a loan program designed to protect Pennsylvanians who, through no fault of their own, are financially unable to make their mortgage payments and are in danger of losing their homes to foreclosure. HEMAP funds loaned to prevent foreclosure are not a grant. These funds are a loan and must be repaid.CameronNorthern Tier Community Action CorporationNorthern Tier Community Action Corporation
    Pennsylvania Housing Finance Agency - Homeowner's Emergency Mortgage Assistance Program (HEMAP)HEMAP provides emergency loans for homeowners who, through circumstances beyond their control, have fallen behind in making their monthly mortgage payments. HEMAP loans help homeowners bring the mortgage up to date. Repayment begins when homeowner is financially able.DauphinPHFA Housing Counseling, Development, and InformationPennsylvania Housing Finance Agency
    United States Department of Defense - Homeowners Assistance ProgramThe Department of Defense's Homeowners Assistance Program provides financial assistance to service members and certain DoD civilian homeowners who suffer financial loss on the sale of their primary residences. HAP consists of BRAC Impacted Personnel or Wounded, Injured, or Ill and Surviving Spouse applicants. At this time, applications are only being accepted from Wounded, Injured, or Ill and Surviving Spouse applicants. If an applicant is eligible under the Wounded, Injured, and Ill or Surviving Spouse categories and money is available, HAP may provide financial assistance under one of the following three scenarios: Private Sale, Government Acquisition, or Foreclosure:
    • Private Sale: Benefit amount is the difference between 95% of the home’s prior fair market value and the selling price. HAP may also reimburse the applicant for normal and customary seller’s closing costs;
    • Government Acquisition: Benefit amount is the greater of 90% of the home’s prior fair market value OR the mortgage(s) payoff amount;
    • Foreclosure: Benefit is paid to the lien holder for legally enforceable liabilities.
    United States Department of DefenseUnited States Department of Defense
    United States Department of Housing and Urban DevelopmentResponsible for national policy and programs that address America's housing needs, that improve and develop the Nation's communities, and enforce fair housing laws. Headquarters (Washington office): 451 Seventh Street, S.W., Washington, DC 20410 888-995-4673 Hope for HomeownersUnited States Department of Housing and Urban DevelopmentUnited States Department of Housing and Urban Development
    United States Department of Housing and Urban Development - Foreclosure Avoidance CounselingHUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. As part of President Obama's comprehensive Homeowner Affordability and Stability Plan (HASP), you may be eligible for a special Making Home Affordable loan modification or refinance, to reduce your monthly payments and help you keep your home. If you need help understanding the Making Home Affordable programs, you can use this search tool to find a counseling agency in your area that will provide you with free foreclosure prevention services. If you are eligible for the loan modification or refinance program, the counselor will work with you to compile an intake package for your servicer. Foreclosure prevention counseling services are provided free of charge by nonprofit housing counseling agencies working in partnership with the Federal Government. These agencies are funded, in part, by HUD and NeighborWorks® America. There is no need to pay a private company for these services. Conveniently located housing counseling agencies listed at website in searchable state page. United States Department of Housing and Urban DevelopmentUnited States Department of Housing and Urban Development
    United States Department of Veterans Affairs, Veterans Benefits Administration - Home LoansThe United States Department of Veterans Affairs, Veterans Benefits Administration is responsible for administering The VA's extensive non-medical benefits. Its responsibilities include initial veteran registration, eligibility determination, and five key lines of business (benefits and entitlements): Home Loan Guarantee, Insurance, Vocational Rehabilitation and Employment, Education (GI Bill), and Compensation & Pension. VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. Types of Assistance: Purchase Loan VA can help you purchase a home at a competitive interest rate, and if you have found it difficult to find other financing. VA's Cash-Out Refinance Loan For homeowners who want to take cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements. The Cash-Out Refinance Loan can also be used to refinance a non-VA loan into a VA loan. VA will guaranty loans up to 100% of the value of your home. VA Home Loan Guaranty Most VA Home Loans are handled entirely by private lenders and VA rarely gets involved in the loan approval process. VA "stands behind" the loan by guaranteeing a portion of it. If something goes wrong and you can't make the payments anymore, the lending institution can come to us to cover any losses they might incur. The VA loan guaranty is the "insurance" that we provide the lender. Interest Rate Reduction Refinance Loan The VA Interest Rate Reduction Refinance Loan (IRRRL) lowers your interest rate by refinancing your existing VA home loan. By obtaining a lower interest rate, your monthly mortgage payment should decrease. You can also refinance an adjustable rate mortgage (ARM) into a fixed rate mortgage. Native American Direct Loan The Native American Direct Loan (NADL) Program provides direct home loans from VA to eligible Native American Veterans to finance the purchase, construction, or improvement of homes on Federal Trust Land, or to refinance a prior NADL to reduce the interest rate. Housing Grants for Disabled Veterans VA provides grants to Servicemembers and Veterans with certain permanent and total service-connected disabilities to help purchase or construct an adapted home, or modify an existing home to accommodate a disability. Two grant programs exist: the Specially Adapted Housing (SAH) grant and the Special Housing Adaptation (SHA) grant. VA's Adapted Housing Grants for Disabled Veterans Trouble Making Payments VA Regional Loan Centers have technicians available to conduct financial counseling. This counseling is designed to help you avoid foreclosure. If you want this assistance, call 1-877-827-3702 to reach a Loan Service Representative that can assist you.United States Department of Veterans Affairs, Veterans Benefits Administration - Home LoansUnited States Department of Veterans Affairs, Veterans Benefits Administration

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