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Struggling with Your Mortgage Payment?

Check Out Making Home Affordable

En Español

The Making Home Affordable Program (www.makinghomeeaffordable.gov) is part of the U.S. government’s plan to help families set an affordable mortgage payment. The program lowers borrowers’ housing-related expenses (principal, interest, taxes, insurance, and assessments or PITIA*) to 31% of gross monthly income (before tax deductions). The program also will pay you up to $1,000 per year on your principal for 5 years if you make your payments on time.

To qualify, you must meet certain eligibility criteria, including:

Respond to Requests for Information

You will need to provide your servicer with key documents under the program before a modification can be granted. Avoid missing a deadline by responding to requests for information and providing documents in a timely manner. Information you will or may need readily available is listed in the following Borrower Modification Document Checklist.

Borrower Modification
Document Checklist
Two most recent pay stubs
Most recent Federal income tax return
Form 4506-T - Request for Transcript of Tax Return (servicer provides)
Most recent bank statement for 1 month (To verify direct deposits, e.g. social security, rental income, other income)
Profit and Loss Statement (for self-employed borrowers)
Making Home Affordable Program - Need Mortgage Help (MakingHomeAffordable.gov)
Non-escrowed loans, Proof of Payment of:
  Most recent real estate taxes
  Homeowner’s (hazard) insurance
Other Modification Documents
  Financial statement
  Utility bills
  Other:
  Other:
  Other:

Printable Checklist - PDF

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