The Government can help you keep your home

Are you struggling to pay your mortgage and worried that you may lose your home to foreclosure? The Obama Administration has implemented a number of programs to help homeowners who are at risk of foreclosure or struggling to pay their monthly mortgage. Most of these programs are run by the U.S. Treasury Department and the U.S. Department of Housing and Urban Development (HUD).

Distressed homeowners are encouraged to contact their lenders and loan servicers directly to inquire about foreclosure prevention options that are available. If you are experiencing difficulty communicating with your mortgage lender or servicer about your need for mortgage relief, there are organizations that can help contact lenders and servicers on your behalf.

If you have an FHA-insured loan, you can contact the FHA National Servicing Center at (800) 622-8525. For conventional loans, contact a HUD-approved housing counselor at (800) 569-4287.

Finding Your Lender

Check the following sources for lender contact information:

  • Your monthly mortgage billing statement
  • Your payment coupon book
  • Search the web
  • Directory assistance or phone book.

Information To Have Ready When You Call

To help you, lenders typically need:

  • Your loan account number
  • A brief explanation of your circumstances
  • Recent income documents such as pay stubs, Social Security benefits statements, disability, unemployment, retirement, or public assistance. If you are selfemployed, have your tax returns or a year-to-date profit and loss statement from your business available for reference)
  • List of household expenses

Making Home Affordable Program

The Making Home Affordable Program is part of the Obama Administration’s broad strategy to help homeowners avoid foreclosure, stabilize the country’s housing market, and improve the nation’s economy. Through the program, homeowners can lower their monthly mortgage payments and get into more stable loans at today’s low rates.

For homeowners who have determined that homeownership is no longer affordable or desirable, the program can provide a way out which avoids foreclosure. There are also options for unemployed homeowners and homeowners who owe more than their homes are worth. You can read the program summaries on the website

below to determine which program options may be best suited for your particular circumstances.

You can find more information about these programs and determine which of these best meet your needs by visiting

Keep Your Home California

California is one of the states that have been hit the hardest by the foreclosure crisis in large part due to the high unemployment rate here as well as the steep home value decline in the state. In June of 2010, California was given approval to develop four unique foreclosure options to help struggling Californians. The state was awarded nearly $2 billion in funds to help approximately 100,000 California homeowners.

In collaboration with community partners, foreclosure counselors, housing advocates and others, the state created four programs called Keep Your Home California. Each program is designed to address one or more aspects of the housing crisis.

You can learn more about these programs and which one might best suit your situation at the Keep Your Home California website at www. or call toll-free at 888-954-5337. The website also offers information in Spanish.