Home Affordable Mortgage

There is a huge need for mortgage assistance amidst a growing population of homeowners in financial hardship. This need has not been over looked.

There are many government mortgage assistance programs and these efforts only seem to be growing in both number and level of effectiveness.

Below you will find a list of homeowner assistance programs developed to provide homeowners the opportunity to obtain beneficial debt help that enables them to make home affordable.



Home Affordable Mortgage Program List


Home Affordable Refinance

This is the Obama refinance program that allows homeowners to refinance their current mortgage to a home loan with a more favorable and affordable monthly payment

FHA Short Refinance

Allows underwater homeowners to reduce their principle by at least 10% by refinancing.

Second Mortgage Modification

Gives lenders incentives to eliminate second lien mortgage debt.

Home Affordable Modification

This is the Obama loan modification program that allows homeowners in financial hardship to lower their monthly mortgage payment by restructuring the payment terms of their home loan and thus make home affordable. This program allows homeowners to stop foreclosure and overcome mortgage default.

Unemployment Assistance and Modification Program

This government mortgage assistance program allows homeowners who are unemployed to obtain mortgage relief via forbearance and than modification

Obama Foreclosure Alternatives

Provides homeowners who have long term financial hardships that prevent them from being able to keep their home the opportunity to stop foreclosure and walk away with no mortgage debt. Foreclosure alternatives such as a deed in lieu of foreclosure or a short sale are utilized to help these homeowners. Participants are also granted up to 3,000 dollars of foreclosure relocation assistance through the Obama cash for keys program.

Hardest Hit Fund

This program provides billions of dollars to the local housing authorities of states that have been hit the hardest by financial hardship caused by the turmoils of the down economy.