How to Find out if you could be Eligible for HAMP

 

You have found that keeping up with your mortgage repayments is now becoming a problem and you have heard about a scheme called HAMP but you are not sure if you would be eligible for such a scheme after considering your current situation. Well, firstly HAMP was created in order for homeowners who had been devastated by financial hardship due to their expenses increasing or a reduction in their income. So if you have been affected by any of these problems you may very well be entitled to make an application for a modification to your loan.

In order to see if you meet the criteria the following reasons will give you some idea of your eligibility:

  • You are unable to keep up with your mortgage payments because of financial hardship
  • You have or are falling behind with your mortgage
  • The property you live in is not condemned
  • You were given your mortgage before or on January 1, 2009
  • In the last ten years you have not been convicted of a crime that involved real estate or a mortgage transaction
  • You owe on your primary residence money up to the sum of $729,750
  • Or you have a rental property that is one to four units, if you have more than that the loan limit will be higher

Avoid Foreclosure and get a loan modification with lower payments.

Let LoanModDepot.com find a solution for you. Get Started Today!

First Name:
Last Name:
Email:
Phone:
Property Address:
City:
State:
Zip:
Property Value:
Lender Name:
Loan Balance:
What is your Foreclosure/Mortgage Status:
How many months are you behind on your mortgage payments: