Mortgage assistance is a general term that covers a variety of programs and solutions intended to help homeowners who are experiencing financial difficulty and having trouble making their mortgage payment. What kind of assistance options are available if I cannot pay my mortgage?

Government-backed FHA Loans offer competitive rates, flexible credit requirements, and down payments as low as 3.5%. An FHA Loan may be a great option for people who do not qualify for a Conventional loan.

Here’s how to request the transfer of an FHA or VA case number from Mr. Cooper: Download and complete the Case Transfer Request Form. Obtain a signed letter from the borrower requesting the transfer.

Government-backed FHA Loans offer competitive rates, flexible credit requirements, and down payments as low as 3.5%. An FHA Loan may be a great option for people who do not qualify for a Conventional loan.

You may hear FHA loans mentioned. These are loans backed by the Federal Housing Administration. But there may be state or local programs available too that help borrowers who otherwise wouldn’t be able to afford or qualify for a mortgage.

Under a federal law called the Servicemembers Civil Relief Act (SCRA), military members may be entitled to a range of benefits. These are unrelated to Veterans Affairs (VA) benefits. If the loan was originated prior to military service, military members may be entitled to these benef...

Here’s how to request the transfer of an FHA or VA case number from Mr. Cooper: Download and complete the Case Transfer Request Form. Obtain a signed letter from the borrower requesting... Mr. Cooper adheres to all guidance by FHA & VA when transferring case numbers and/or apprai...

If your situation has changed and you no longer want to receive this monthly payment supplement, you can voluntarily terminate the program by filling out and returning this form. Note: Upon termination of the program, both the Partial Claim amount and any applied payment supplements ...

Potential Mortgage Assistance Solutions Lists the most common mortgage assistance solutions Avoiding & Reporting Mortgage Scams Provides red flags to help avoid mortgage scams Applying for Mortgage Assistance Explains the application process and lets you quickly apply online Sending ...

However, here are some general rules that may apply: The loan cannot have had escrow force-placed in the past. The loan cannot be an FHA loan. If the loan has been modified where escrow is a requirement, it cannot be removed. The loan-to-value (LTV) ratio must be 80% or less.