Explore your options

Understand the range of options that may be available to you.

Mortgage modification

This is a change to the terms of your mortgage loan to lower your monthly payment amount or interest rate.
This option permanently changes your mortgage loan so your payments or terms of your loan are more affordable.

Mortgage, Home Equity and Other Lien Modifications Eligibility Guidelines »

Selling the home for less than you owe

This allows you to sell the home and pay off a portion of your principal balance when you owe more money on your mortgage loan than the home is worth.
You may move out of the home and avoid going through foreclosure. In some cases, relocation assistance may be available.

Selling the Home for Less Than You Owe Eligibility Guidelines »

Releasing the property

This option transfers the ownership of the property to us.
It allows you to move out of the home without going through foreclosure. In some cases, relocation assistance may be available.

Loan Release Eligibility Guidelines »

Reinstatement

Here you pay the total amount you owe, in one lump sum payment, by a specific date. This may follow a forbearance plan (see the last option).
It allows you to avoid foreclosure by bringing your mortgage loan up to date, if you can show that you'll have enough funds available by a specific date.

Reinstatement Eligibility
Guidelines »

Repayment plan

You may pay back part of your past-due amount with your regular monthly payments over an extended period of time.
It allows you time to catch up on past-due payments without having to come up with the total amount due at once.

Repayment Plan Eligibility Guidelines »

Forbearance plan

Here you may make reduced mortgage payments or stop making payments for a specific period of time.
This option gives you time to improve your financial situation.

Forbearance Plan Eligibility Guidelines »

Before you apply, call us. When you're ready
to apply, here are the forms you'll need.