Home Affordable Foreclosure Alternatives (HAFA) Programs
Home Affordable Modification Program (HAMP)
If you’re not unemployed, but you’re still struggling to make your mortgage payments, you may be eligible for the Home Affordable Modification Program (HAMP).
Principal Reduction Alternative (PRA)
If your home is currently worth significantly less than you owe on it, you may be eligible for MHA’s Principal Reduction Alternative (PRA).
Second Lien Modification Program (2MP)
If your first mortgage was permanently modified under HAMPSM and you have a second mortgage on the same property, you may be eligible for a modification or principal reduction on your second mortgage as well.
FHA Home Affordable Modification Program (FHA-HAMP)
If you have a loan that is insured or guaranteed by the Federal Housing Administration (FHA), you may be eligible for a program through that government agency.
USDA’s Special Loan Servicing
If you have a loan that is guaranteed by the United States Department of Agriculture’s (USDA) Section 502 Single Family Housing Guaranteed Loan Program, you may be eligible for a program through that government agency.
Veteran’s Affairs Home Affordable Modification (VA-HAMP)
If you have a loan that is insured or guaranteed by the Department of Veterans Affairs (VA), you may be eligible for a program through that government agency.
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