Federal and State Mortgage Modification Programs
Find out if you might be eligible for any of these programs by visiting the websites below or by contacting a housing counseling agency listed here. These programs have been created to help you. There is no fee to get information about these programs.
Federal Foreclosure Programs
- The Refinancing Program – to help homeowners who can pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home. Only loans that are owned or guaranteed by Freddie Mac or Fannie Mae are eligible.
- The Modification Program – to help homeowners who are struggling to make their mortgage payments by encouraging lenders to modify/refinance eligible mortgages to produce affordable monthly payments.
Visit www.makinghomeaffordable.gov for more detailed information, and to see if you qualify for the Refinancing Program or the Modification Program.
State Foreclosure Programs
The program was very successful and all program funds have been committed or are in the process of being committed. Therefore, as of November 30, 2013, the HomeKeeper application portal is closed to new applicants.
If you presently have a HomeKeeper loan and have servicing questions, please visit http://www.njhomekeeper.com for further information.