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Modification Quiz

If you’re having mortgage payment challenges, try our modification quiz to see if a mortgage loan modification may be right for you. Modification programs exist to accommodate a variety of circumstances!

Find Out if a Loan Modification May be Right for You

My loan is owned by Fannie Mae or Freddie Mac

Contact your current mortgage company to discuss your options.

See if your mortgage is owned by either Fannie Mae or Freddie Mac, which offer a range of modification options. If you have a Fannie Mae owned loan, you can request assistance from our Mortgage Help Network online or work directly with your mortgage company on a solution.

I am at least 30 days late with my mortgage payment

If you are up-to-date but concerned about your mortgage payments, you may still qualify for a modification or may be able to refinance your loan. The Home Affordable Refinance Program (HARP) may be able to lower your payment even if you owe more than your home is worth. To learn more, take the HARP Quiz.

I want to stay in my home

Options are available to assist you if you are ready to leave your home. Learn more about a short sale or Mortgage Release™.

If you’re not sure you want to stay in your home—or whether you can afford to—use this Modification Quiz as a first step, and then discuss your situation and possible payment relief options with your mortgage company/servicer, a certified housing counselor, or a Fannie Mae Mortgage Help Network partner if your loan is owned by Fannie Mae.

I am able to make a monthly mortgage payment of some amount equal to or less than my current payment

If you are currently unable to make a monthly payment of some amount, a modification may not be right for you, but other options are available. Learn more about a short sale or Mortgage Release™.

If you’re not sure, it may help to discuss your situation with a certified housing counselor or a Fannie Mae Mortgage Help Network partner (if Fannie Mae owns your loan). 

Is a mortgage modification right for you?

Yes, you may qualify
More information needed
A modification may not be right for you, but other
options are available

Next Steps

Act now! Whether you pursue a modification or another foreclosure prevention option such as a short sale or Mortgage Release™, it is important to address your payment challenges right away for the best available outcome.

Contact your mortgage company or, if you have a Fannie Mae loan you may also contact our Mortgage Help Network for assistance.

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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