Disaster Relief Modifications

Has your home or place of employment been affected by a disaster? Are you struggling to pay your mortgage because of the impact on your income or expenses?

Fannie Mae understands the challenges that a disaster can cause for you and your financial situation. To assist, we offer mortgage relief options that allow time for you to recover and rebuild during a time of crisis.

What help is available?

Following a disaster, homeowners with a Fannie Mae loan are offered forbearance plans for up to 12 months, to help during the recovery. Once the forbearance plans expire, homeowners must resume making their monthly payments or work with their mortgage company to find the right long-term solution. Options following the end of the forbearance period include:

  • Reinstatement (You’d pay the total past due amount you owe, in a single lump sum payment, and then resume your regular monthly payments);
  • Repayment Plan;
  • Extend Modification for Disaster Relief;
  • Cap and Extend Modification for Disaster Relief; or
  • Flex Modification

If you’re able to resume your regular monthly payments at the end of your forbearance period and can pay any unpaid amounts (e.g., payments, and escrow for taxes and insurance) that accrued during the forbearance, a reinstatement or repayment plan may be right for you. Talk with your mortgage company to determine the best option.

Homeowners with financial situations that require permanent assistance, could benefit from a loan modification.

How do the modifications work?

The benefits and eligibility requirements vary for each modification.* Compare them to determine which might help your personal situation.

Extend Modification for Disaster Relief

Cap and Extend Modification for Disaster Relief

Flex Modification

*The modifications are for post-disaster forbearance situations where the homeowner’s property or place of employment was impacted by a disaster in a Federal Emergency Management Agency (FEMA) declared area that’s eligible for individual assistance.

Get Started

These modifications are available to homeowners with a Fannie Mae mortgage. Check the Loan Lookup tool to see if Fannie Mae owns your loan and then contact your mortgage company immediately to explain your current situation and determine your eligibility.