Making Home Affordable Program

In support of the administration's Making Home Affordable Program, Freddie Mac offers several options to help you with your mortgage and avoid foreclosure:

• Home Affordable Refinance: This option can help you refinance into a lower or more stable rate if you're paying your mortgage on time but you're unable to refinance because you owe more on your mortgage than your home is currently worth. Use our interactive map of participating Home Affordable Refinance lenders to contact a lender near you.
• Home Affordable Modification: This option can help you get a mortgage payment you can afford if you're behind in your monthly mortgage payment or believe that you may fall behind soon.
• Home Affordable Foreclosure Alternatives: This initiative provides you with two options – a short sale or a “deed-in-lieu” – to help transition you to more affordable housing and avoid foreclosure if it is not realistic to keep your home.

To get help with the Making Home Affordable Program, call your lender and let them know you are interested in getting assistance through this program. (Your lender is the company to whom you make your mortgage payments. A lender can also be called a "servicer.") Use the customer service contact information located on your mortgage statement.

If your loan is owned by Freddie Mac (or Fannie Mae), your lender can help you determine your eligibility for the Making Home Affordable Program. If you learn that you are not eligible for the Making Home Affordable program – don't give up! Ask your lender about other options to help make your mortgage payment more affordable or avoid foreclosure.

Even if your loan is not owned by Freddie Mac (or Fannie Mae), your lender may participate in the Making Home Affordable Program or have other options to help you with your mortgage. Always ask!

Helpful Hints

• To get help faster, have your personal financial documents in hand BEFORE you call your lender.
• Can't reach your lender? Get FREE help in English, Spanish and other languages:
  • Call the Homeowner's HOPE^TM Hotline at 888-995-HOPE^TM 
  • Find a HUD-approved housing counselor

Beware of Foreclosure Rescue Scams
Help is Free!

• There's never a fee to get help with Making Home Affordable from your lender or a HUD-approved housing counselor.
• Beware of anyone who asks you to pay a fee in exchange for housing counseling services or modification of a delinquent loan. Do not pay – walk away!
• Beware of people who pressure you to sign papers.
• Beware of anyone who says they can "save" your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
• Never submit your mortgage payments to anyone other than your mortgage company without their approval.

Report Scams

• Fight back against loan modification scammers! If you think you've been scammed or approached by a company or individual promising to help you with your foreclosure, report it immediately!
• Learn more about loan modification scams – knowledge is your best defense.