Making Home Affordable


Making Home Affordable Refinance and Modification Options

America's Making Home Affordable Program Logo

 

The President's plan was created to help millions of homeowners refinance or modify their mortgages.

 

Fact Sheet

 

Summary of Guidelines

 

Refinancing

Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home.  A Home Affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac refinance into a more affordable mortgage.

 

Modification

Many homeowners are struggling to make their monthly mortgage payments either because their interest rate has increased or they have less income. A Home Affordable Modification will provide them with mortgage payments they can afford.

Who is Eligible?

 

Please use the self-assessment tools provided on this website to see if you are among the 7 to 9 million homeowners who can benefit from Making Home Affordable.  Based on your results, we will provide suggestions about what you can do next.

 

Find out if you are eligible

 

Beware of Foreclosure Rescue Scams - Help Is Free!

 

For more information, go to MakingHomeAffordable.gov.

 

Useful Links

Subcommittee on Housing and Community Opportunity, House Committee on Financial Services Hearing:

"Examining the Making Home Affordable Program"

 

News Stories

Ex-Countrywide Execs’ Firm Modifies Bad Loans for Taxpayer Cash

Subprime Players Get Tax Money To Fix Subprime Mess

Obama launches mortgage rescue plan