MakingHomeAffordableProgram
Making Home Affordable Program

The “Making Home Affordable” Program

On March 4, 2009, President Obama announced his Administration’s plan to prevent further foreclosures and assist borrowers who are suffering financial hardships, with mortgage loan modifications as part of the Homeowner Affordability and Stability Plan. At TruMark Financial, we already have taken the necessary steps in preparation to assist our members. TruMark Financial strongly supports the Making Home Affordable refinance and loan modification programs. 

Making Home Affordable offers two options:

  • Home Affordable Refinance: Homeowners who have continued to make their monthly payments on time, but have not been eligible to refinance due to declining property values may qualify for a loan modification to make their mortgage affordable.
  • Home Affordable Modifications: Homeowners who are now struggling to make their monthly payments due to a hardship such as a decrease in income or an increase in expenses due to an illness may qualify for a loan modification to make their mortgage affordable.

How to determine if you are eligible

Click here for further information regarding the Homeowner Affordability and Stability Plan

Click here for borrower Frequently Asked Questions

You may qualify for a Mortgage Refinance if:

  •  You have a "Fannie Mae" or "Freddie Mac" owned mortgage
  •  You own and occupy your home as your primary residence
  •  You owe no more than 125% of the property value on your first mortgage
  •  You have been current on your mortgage for the past 12 months
  •  You are interested in a fixed-rate loan at present low rates

(Refinancing fees and costs will apply)

Contact us

You may qualify for a Loan Modification if:

  • You own and occupy your home as your primary residence
  • You are suffering a financial hardship due to circumstances beyond your control (e.g., reduction or loss of income, illness, divorce, recent death, natural disaster)
  • You have verifiable source(s) of income to put toward monthly payments
  • You are current, at risk of default, or behind in your payments

Click here to print and complete our Member Assistance Form

Contact us

 
NMLS 404938