The Home Affordable Unemployment Program
Lost your job? Struggling to pay your mortgage debts? Get started to reap the benefits of the HAUP program
The Home Affordable Unemployment Program (HAUP) is a part of the “Making Home Affordable” plan and is one of the most recent initiatives taken on the mortgage front by the federal government of the United States. Based on the pattern of the Home Affordable Modification Plan (HAMP), the HAUP plan is primarily designed to provide mortgage relief to struggling homeowners who have lost their jobs and thus, help them to save their homes from impending foreclosures. For reducing or eliminating the mortgage debts, the HAUP program offers mortgage forbearance facility to eligible borrowers for a specified period of time.
Save Your Home, Get Qualified for HAMP Tier 2 Loan Modification Plan Today...!
Benefits you can avail from HAMP Tier 2 Loan Modification Plan:
Obamaloanmodification.com, America’s leading loan modification company offers nationwide services to assist unemployed homeowners for improving their chances of qualifying for the HAUP plan. If you intend to take advantage of the HAUP mortgage forbearance plan or the UP forbearance plan, as it is popularly known, you must fulfill certain requirements that are stipulated by the HAUP guidelines.
Fill out an online application form to get in touch with our loan modification expert in your local area to know more about determining your eligibility for the HAUP program.
Determine your eligibility for the HAUP
Few other additional requirements
There could be few other conditions to qualify for the loan modification unemployment program such as:
Evaluation for HAUP or UP forbearance Plan-Lenders guidelines
Even mortgage loan lenders are required to follow few rules and regulations mentioned below while evaluating a borrower for providing him a loan modification for unemployed homeowners’ plan.
As per the “Making Home Affordable” (MHA) plan guidelines which governs lenders:
If you are eligible for the HAUP loan modification unemployment program, our loan modification experts at the Obamaloanmodification.com could actively assist you to secure a forbearance schedule from your lender that might well extend over a period of 3 months or even more. To make this happen, our specialists would effectively negotiate you’re your mortgage servicers to either greatly reduce or even fully suspend your monthly mortgage payments temporarily. In any case, your mortgage installments would not be more than 31% of your gross monthly income.
To get relevant answers to your HAUP queries, you could contact our HUD approved housing counselor straight away by filling out an easy online application form.
Benefits of Loan Modification
- Reduce your monthly payments
- Lower your net interest rate
- Lower your loan balance
- Waive negatively accrued interest
- Get extensions on payments