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Home Affordable Modification Program (HAMP)

HAMP® is designed to lower your monthly mortgage payments, making them more affordable and sustainable for the long-term.

Application Deadline: December 30, 2016

NEXT STEP: Prepare What You'll Need ›

Features and Benefits

  • HAMP achieves a more affordable payment by adjusting your interest rate, extending your term, and reducing or forbearing your principal.
  • HAMP homeowners typically save about $500 per month.
  • Through HAMP, you can get help with your primary residence or rental property.
  • If you owe significantly more than your home is worth (>115 Loan-To-Value), you’re automatically evaluated for principal reduction.
  • Just for making timely payments, you could earn up to $10,000, which would be used to reduce your principal balance.


You may be eligible for HAMP if you meet the following basic criteria:

  • You are struggling to make your mortgage payments due to financial hardship.
  • You are delinquent or in danger of falling behind on your mortgage.
  • You obtained your mortgage on or before January 1, 2009.
  • Your property has not been condemned.
  • You owe up to $729,750 on your primary residence or one-to-four unit rental property (loan limits are higher for two- to four-unit properties).


Mortgage companies nationwide—including Bank of America, CitiMortgage, JPMorgan Chase, and Wells Fargo—participate in MHA programs. See if your mortgage company is participating. If not, or you are not eligible for MHA, ask your mortgage company about other options available to you.

Similar Programs

Fannie Mae, Freddie Mac, Federal Housing Administration (FHA), Veterans Affairs (VA), and U.S. Department of Agriculture (USDA)  also offer mortgage solutions for homeowners with mortgages they own, insure, or guarantee.

Find out whether your mortgage is owned, insured, or guaranteed by Fannie Mae, Freddie Mac, FHA, VA, or USDA, and learn more about the MHA programs and other resources they've designed to address your needs.

Complementary MHA Programs

If you qualify for HAMP and you have a second mortgage, you may also qualify for MHA's Second Lien Modification ProgramSM (2MPSM).

If homeownership is just not affordable right now, even with a modification, MHA's Home Affordable Foreclosure Alternatives® Program (HAFA®) could be right for you. With relocation assistance and relief from your remaining mortgage debt, HAFA could help give you a fresh start.

For More Information

Visit the Learning Center for Frequently Asked Questions (FAQs) and the Glossary of Key Terms.

If you have additional questions or need direct assistance, don't hesitate to reach out for help by calling 888-995-HOPE (4673). You will be connected with an expert from a HUD-approved housing counseling agency. These counseling experts can help you understand your options, design a plan to suit your individual situation, prepare your application; and in many cases, they're able to submit the application for you.

Studies suggest that homeowners who work with housing experts like these are more successful and have better long-term outcomes. There is no cost to you for this valuable, around-the-clock service. Help is available in more than 170 languages.

Last Updated: 6/24/2016 15:41