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Making Home Affordable An official program of the Departments of the Treasury & Housing and Urban Development


 Get Help With Fallen Home Value

If your home's value has fallen in recent years, MHA has programs designed to help bring what you owe and what you pay on your home more in line with its new valuation.

"Even when things are looking dire, you still want to get the best possible outcome from your situation. Because therefore your future will be easier to handle, easier to integrate into and transition into."

Ryan - Housing Counselor

Home Affordable Refinance Program (HARP)

If you're not behind on your mortgage payments but you have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through HARP.

FHA Refinance for Borrowers in Negative Equity (FHA Short Refinance)

If you're not behind on your mortgage payments but owe more than your home is worth, (and your loan is not insured or guaranteed by FHA), FHA Short Refinance may be an option that your mortgage servicer will consider.

Treasury/FHA Second Lien Program (FHA2LP)

If you have a second mortgage and your first mortgage servicer agrees to participate in FHA Short Refinance, you may be eligible to have your second mortgage on the same home reduced.

Principal Reduction Alternative SM (PRA)

If your home is currently worth significantly less than you owe on it, MHA's Principal Reduction Alternative (PRA) was designed to help you.

Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HHF)

The U.S. Treasury Department provides more than $7.6 billion in aid for homeowners in states hit hardest by the economic crisis.

Last Updated: 4/2/2012 9:57 AM

Help is a Phone Call Away

888-995-HOPE (4673)
Hearing impaired: 877-304-9709 TTY

As you enter a process that can sometimes be overwhelming, it would be in your best interest to engage a housing expert to help you along the way. Let a HUD-approved housing counselor help you understand your options, prepare your application, and work with your mortgage company.

Hear it from Homeowners

Curtis and Darlene, Chicago IL

Curtis and Darlene of Chicago, IL

Curtis and Darlene had lived in their home for 35 years when Curtis lost his job. That’s when MHA helped them cut their mortgage payments in half.

Beware of Scams


Unfortunately, and far too often, homeowners looking for mortgage help end up victimized by scam artists. Know the warning signs to protect yourself, your money, and your home.

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