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Flex Modification

Experiencing a financial hardship and struggling to pay your mortgage? The Flex Modification, which replaces the Home Affordable Modification Program (HAMP), is designed to assist homeowners, like you, with much needed payment relief.

TIP: The earlier you apply for the Flex Modification, the greater the payment relief you may receive.

Contact your mortgage company immediately if you’re behind on your home loan or on the verge of missing a payment to find out if you’re eligible.

What are the benefits?

The Flex Modification:

  • Lowers your mortgage payment by as much as 20% (with an adjustment of your interest rate, loan duration or forbearance of a portion of your unpaid principal balance)
  • Adds the past due amount to the unpaid loan balance and recalculates your monthly payments over the new loan term (so you won’t have to pay the past due amount upfront)
  • Makes your home loan current (once you complete a modification trial period plan and execute modification documents)
  • Helps you avoid foreclosure and stay in your home (with affordable mortgage payments you can sustain)

Get Started

The Flex Modification is available to homeowners with a Fannie Mae mortgage. Check the Loan Lookup tool to see if Fannie Mae owns your loan. And then talk with your mortgage company to determine your eligibility for this modification or other options.

Beware of Scams

Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.
 

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FAQs

Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

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Glossary

Visit our glossary of key terms to increase your understanding of the foreclosure options available.
 

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