Flex Modification

Experiencing a financial hardship and struggling to pay your mortgage? The Flex Modification is designed to assist homeowners, like you, with much needed payment relief.

TIP: The earlier you speak to your servicer, the more options you may have available to help you avoid foreclosure.

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

What are the benefits?

The Flex Modification:

  • Brings your loan current
  • May lower your mortgage payment to a more affordable amount
  • Adds your past-due amounts to the unpaid loan balance, and extends the term of your loan to 40 years from the date of the completion of the modification
  • May lower your interest rate
  • May defer some of your loan balance into a non-interest-bearing balance

Note: If your income situation allows, you can pay extra towards the payments to shorten the term.

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.