Make home affordable

The Make Home Affordable programs have helped millions of home owners save more than $500 a month on mortgage payments. People in many states are struggling because of soaring unemployment rates or steep home price declines since the housing market downturn.

Get help

Making Home Affordable (MHA) is designed to help you get mortgage help and avoid foreclosure. Programs offered under MHA include:

  • Home Affordable Refinance Program (HARP). Designed to lower your monthly mortgage payments, making them more affordable and sustainable for the long-term.
  • Home Affordable Foreclosure Alternatives Program (HAFA). If you’re current on your mortgage, but have had difficulty refinancing, HARP could provide a solution. Even if you owe more than your home is worth, if your mortgage is owned by Fannie Mae or Freddie Mac, you could save with HARP.
  • Home affordable Unemployment Program (UP). Provides homeowners the opportunity to exit their homes and be relieved of their remaining mortgage debt through a short sale or a deed-in-lieu of foreclosure (DIL). It also provides homeowners with $10,000 in relocation assistance.
  • Federal Housing Administration Short Refinance for Borrowers With Negative Equity (FHA Short Refinance). If you’re up-to-date on your mortgage payments, but owe more than your home is worth, a FHA Short Refinance could get you into a more affordable, more stable, FHA-insured mortgage.
  • Hardest Hit Fund Programs (HHF). Programs in 18 states and the District of Columbia designed to provide assistance to struggling homeowners through modification, mortgage payment assistance, and transition assistance programs.

Before you apply

First prepare what you will need. You will need to provide your mortgage company with information about your mortgage and finances. The exact information required will depend on your specific situation and your mortgage company. Nevertheless, you should be prepared to provide information about your income, expenses, assets, debt and hardship.