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Is it possible to qualify for the Hope for Homeowners program if the home loan is under a loan modification?

April 26, 2017home loan homeowners Hope loan modification possible program qualify

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Is it possible to qualify for the Hope for Homeowners program if the home loan is under a loan modification?

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Yes, you can still qualify for the Hope for Homeowners program. However, the current loan on the property will have to be lowered with the approval of the lending company and you will have to meet very strict income guidelines. This program can lower the balance left on the mortgage by up to 96.5% of the market value of the property currently.