If you are struggling with mortgage payments, there are new government-backed programs that can help.


Home Affordable Foreclosure Alternatives Program (HAFA)

HAFA is the government's newest tool to to help homeowners avoid foreclosure. HAFA provides incentives for lenders and homeowners to carry out a short sale or deed-in-lieu of foreclosure. The current incentive for homeowners is $3,000 for a successfully completed short sale or deed-in-lieu of foreclosure. Want to learn more? Click here to watch this informative video.

Home Affordable Modification Program (HAMP)

HAMP is for homeowners who are struggling with mortgage payments and think that a lowered interest rate could bring their payments to an affordable level. These loan modifications are ideal for homeowners whose mortgage payments are just out of reach.

Second Lien Modification Program (2MP)

 2MP is for homeowners who are struggling with payments in part because of a second lien on their home. For those who are eligible, the program offers a way to lower payments on their second mortgage. 2MP is a complementary program to the Home Affordable Modification Program (HAMO), so it is meant for those who have already modified their first mortgage through HAMP.

Home Affordable Refinance Program (HARP)

If you are unable to lower the interest rate on your mortgage (possibly due to decreased home value), but you are caught up on your mortgage payments, HARP may allow you to refinance.

Take action and find out which program you are eligible for.


For more information on these government programs and help available for America's Homeowners visit www.makinghomeafforable.gov

 CA Department of Real Estate #01313330