Welcome to fhaLoanModification.com

1. Q: What if I have a second mortgage?
   A: You are still eligible for an FHA loan modification if you have a second mortgage.
2. Q: What if my Mortgage is not owned or guaranteed by Fannie Mae or Freddie Mac?
   A: Your mortgage doesn't have to be owned or guaranteed by Fannie Mae or Freddie Mac for you to be eligible for the loan modification program, unlike other government mortgage programs.
3. Q: Does my mortgage servicer have to participate in the loan modification program?
   A: All servicers of mortgages owned or guaranteed by Fannie Mae or Freddie Mac are required to offer the FHA loan modification program. And even if Fannie Mae or Freddie Mac don't hold the loans, the government offers strong incentives for them to participate.
4. Q: What if I am facing foreclosure?
   A: Services in the program cannot go proceed with a foreclosure until they determine if you are eligible for HAMP and offered you a trial modification.
5. Q: What is a HAMP trail period?
   A: A three-month period to see if the new payment plan works for you. If you make all your trial payments on time and send in the required documentation, your loan can be modified.
6. Q: What if I become unemployed?
   A: If you become unemployed you should apply for FHA's Home Affordable Unemployment program (UP). If you become unemployed during the loan modification trial period, you can apply for the unemployment program if you have not missed three consecutive mortgage payments.
7. Q: Do I need to be behind on my mortgage payments to be eligible for the FHA loan modification program?
   A: No. You can apply for the fha loan modification if you believe you might default on your mortgage soon because of an increase in mortgage payments, a significant drop in your income, or increase in expenses.

If you have any questions about FHA Loan Modification, Chat Live with one of our operators online, or request a free rate quote by filling out the form on the right and someone will get back to you as soon as possible.