Loan Modification

Solutions to Help You Stay in Your Home

Our loan modification programs help alleviate the financial burden of homeownership, helping you protect your home

What is Loan Modification?

Loan modification is a change to the original terms of your mortgage. A modification doesn’t pay off your current loan like a refinance. Instead, it can change various aspects of your loan to make it easier to pay, including:

  • Loan terms: Extend the terms of your loan, giving you longer to pay and reducing the amount of each payment.
  • Interest rate reduction: If interest rates are lower now than when you acquired your mortgage, you might be able to modify and get a lower rate, resulting in lower payments.
  • Loan structure change: You might be able to adjust your loan from an adjustable rate to a fixed-rate mortgage, giving you a more predictable payment.
  • Principal forbearance: Some of your principal balance may be able to be set aside and paid back later, resulting in lower payments now.

When Should You Use Loan Modification?

Loan modifications are ideal if you are underwater on your mortgage, you need a principal reduction, or you’re behind on monthly payments. A modification can help you get current and make payments more manageable.

What Do I Need for a Loan Modification?

Your lender will require a few things to determine your eligibility.

  • Proof of income
  • Most recent tax returns
  • Bank statement
  • Hardship statement


Get Approved for a Loan Modification

Get the relief you need by starting your application today.


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