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Can the Home Affordable Modification Program help me if my loan is not owned or guaranteed by Fannie Mae or Freddie Mac?

April 26, 2017affordable Fannie Mae freddie mac guaranteed help Home loan modification program

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Can the Home Affordable Modification Program help me if my loan is not owned or guaranteed by Fannie Mae or Freddie Mac?

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A. Yes. If you’re struggling to keep current on your mortgage, or you’re already behind on your payments, the Home Affordable Modification Program provides mortgage lenders with financial incentives to modify existing mortgages. This government program was developed to help homeowners avoid foreclosure. If you are seeking assistance under the Home Affordable Modification Program and your loan is not currently owned by Fannie Mae or Freddie Mac, we may still need to seek approval from the investor of your loan.