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Loan Modification

Loan modification is a viable option for homeowners who are struggling with their mortgage loans. Through this program, clients are able to speak with NAAC housing counselors about their hardship situation and come up with solutions to tap into available options to remain in the home or plan the best exit strategy.


The Center for Economic Recovery




What you need to know about loan modification

With the economic impact of the pandemic, a lot of homeowners find themselves falling behind on their mortgage and in danger of losing their homes. However, subject to certain eligibilty requirements, loan modification is an option that allows you an opportunity to renegotiate your payment terms and avoid foreclosure.


It is different from refinancing your mortgage. Refinancing involves taking out a different loan whereas loan modification changes the terms of your existing loan.


It could be about shifting from an adjustable-rate mortgage to a fixed loan mortgage, lowering your interest rate, or extending the length by which you have to make payments. 


Not everyone can qualify for loan modification. You mays speak with one of our counselors to see if you are eligible.

Learn more

Watch the video

The above video provides information about this program

Schedule an appointment

Our FREE HUD-approved housing counselors are ready to help.

Complete the online registration packet

We will send you a registration packet. Complete it  once you receive the confirmation email (check your spam).

Prepare documents

Gather any documents pertaining to the mortgage and your information regarding your financial situation

Meet with your financial counselor.

Follow the process outlined in the registration packet and talk to one of our counselors.

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