MortgageDelinquencyCounseling

Are you struggling to make mortgage payments? Have you fallen behind on your mortgage? If the answer is "yes" to either question, Neighborhood Housing & Development Corporation (NHDC) may be able to assist you with reducing your mortgage payment.  Since 2007, NHDC has been assisting families encountering mortgage delinquency issues.  Today, NHDC has access to a number of programs that may help our clients avoid foreclosure and provide delinquent mortgage relief.


NHDC has been able to provide free Mortgage Delinquency counseling through a grant funded by the National Foreclosure Mitigation Counsel (NFMC).  NHDC received an award from the Making Home Affordable Program to provide additional counseling to households who met the following criteria:


  • You owe less than $729,750 on your primary residence or single unit rental property
  • You owe less than $934,200 on a 2-unit rental property; $1,129,250 on a 3-unit rental property; or $1,403,400 on a 4-unit rental property
  • The property has not been condemned
  • You obtained your mortgage on or before January 1, 2009.
  • You have a financial hardship and are either delinquent or in danger of falling behind on your mortgage payments (non-owner occupants must be delinquent in order to qualify).
  • You have sufficient, documented income to support a modified payment.
  • You must not have been convicted within the last 10 years of felony larceny, theft, fraud or forgery, money laundering or tax evasion, in connection with a mortgage or real estate transaction.


If the goal is to lower your payment, you may qualify for one of these options:

  • Home Affordable Modification Program (HAMP)
  • Principal Reduction Alternative (PRA)
  • Second Lien Modification Program (2MP)
  • FHA Home Affordable Modification Program (FHA-HAMP)
  • USDA's Special Loan Servicing
  • Veteran's Affairs Home Affordable Modification (VA-HAMP)


If the cost of homeownership has become too much to bear, you may qualify for one of these options:

  • Home Affordable Foreclosure-Alternative (HAFA)
  • Housing Finance Agency Innovation fund for the Hardest Hit Housing Markets (HHF)


If you are unemployed, you may qualify for one of these options:

  • Home Affordable Unemployment Program (UP)
  • Hardest Hit Funds (HHF)


In the event you don't qualify under the Making Home Affordable Program, there still may be some other options for you.


Let one of our trained counselors help you decide which option is the best for you!


If you have any questions, please contact us at (352) 380-9119