Governmental Homeowner Assistance Programs
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Retain Ownership of Your Home

The National Tax Lien Association believes in home ownership in America. This resource center is built to help struggling homeowners with the ability to retain ownership through national and local assistance programs.


Home Affordable Modification Program (HAMP)

The Home Affordable Modification Program (HAMP) can help lower monthly mortgage payments for individuals or families who have a financial hardship (not unemployment) and are either delinquent or in danger of becoming delinquent on mortgage payments. The mortgage lien holder must be a participating servicer in HAMP in order for the mortgagor to qualify.


Home Affordable Foreclosure Alternatives Program (HAMP)

The Home Affordable Foreclosure Alternatives Program is for homeowners who can no longer afford their mortgage payments and who need to transition to more affordable housing. Homeowners can either opt for a short sale or a Deed-in-Lieu of foreclosure, both of which will have a less negative effect on their credit scores than a traditional short sale or foreclosure. Sometimes the HAFA can provide relocation assistance.


FHA Refinance for Borrowers with Negative Equity

Refinancing may be available for homeowners whose mortgage exceeds the current worth of the home, but who have not missed mortgage payments.  Mortgages cannot be owned or guaranteed by Fannie Mae, Freddie Mac, the Federal Housing Administration, Veterans Affairs, or the US Department of Agriculture. If the current lender agrees the refinancing, they will be required to reduce your mortgage amount to no more than 97.75% of the the home’s current value.


Treasury/FHA Second Lien Program

This program is for homeowners who have two mortgages, whose lenders agreed to an FHA Short Refinance on the first mortgage. The mortgage must have been obtained on or before January 1, 2009. If the servicer of the second mortgage agrees to the refinancing, the total amount of the homeowner’s mortgage debt cannot exceed 115% of the home’s current value.


Home Affordable Refinance Program

The Home Affordable Refinance Program is for mortgages owned or guaranteed by Freddie Mac or Fannie Mae, and that were obtained on or before May 31, 2009. This program is meant to assist homeowners who can’t find other refinancing options because the decline of the home’s value. Refinancing is available if the loan-to-value ratio is greater than 80% and the homeowner is current on mortgage payment, with a good payment history for the past twelve months.


Home Affordable Unemployment Program

If homeowners are unemployed and is eligible for unemployment benefits, they can be eligible for the Home Affordable Unemployment Program, which can reduce mortgage payments to 31% of the homeowners’ income or can possibly suspend payments for twelve months or more. Homeowners cannot have previously received a benefit from the Home Affordable Modification Program, and the mortgage must have been obtained on or before January 1, 2009.


FEMA Housing Portal

The FEMA Housing Portal helps individuals and families who have been displaced by a disaster find a place to live. It consolidates all rental resources so that an individual or family can easily find the rental unit availability in their area.


Home and Property Disaster Loans

Home and property disaster loans are available from the U.S. Small Business Administration for homeowners and renters who have sustained physical damage in a disaster-declared county which is not fully covered by insurance. Homeowners may apply for up to a $200,000 low-interest, long-term loan to repair or replace their primary residence to its pre-disaster condition. In some cases, the SBA may be able to refinance all or part of a previous mortgage, not exceeding $200,000.


Individuals and Household Program - Housing Assistance (IHP)

The Individuals and Households Program provides assistance to individuals and households who are affected by a president-declared disaster, which cannot be met by other disaster assistance or insurance. Housing assistance includes temporary housing, repair, replacement, and semi-permanent or permanent housing construction.


203(h) Mortgage Insurance for Disaster Victims

Through Section 203(h) Mortgage Insurance for Disaster Victims, the Federal Housing Administration can insure mortgages made by qualified lenders to disaster survivors who have lost their homes in a president-declared disaster area, so that they can become homeowners or reestablish themselves as homeowners.


203(k) Rehabilitation Mortgage Insurance

Section 203(k) Rehabilitation Mortgage Insurance enables homebuyers and homeowners to finance an additional $35,000 into their mortgage to improve or upgrade their home before moving in.


HUD Public Housing Program

The Public Housing Program provides decent and safe rental housing for eligible low-income families, senior citizens, and disabled individuals. The U.S. Department of Housing and Urban Development gives federal aid to local public housing agencies, who then manage housing units at rents that participants can afford.


Housing Choice Voucher Program (Section 8)

The Housing Choice Voucher Program administers vouchers to local public housing agencies, who then administer the vouchers to eligible low-income families, senior citizens, or disabled individuals. Participants may choose any housing that meets program requirements, not just public housing. The housing subsidy is paid directly to the landlord, and the participant pays the difference in rent.


Rural Housing Loans

USDA Single Family Housing Programs provides loans, grants, and loan guarantees to low- and moderate-income individuals and families who live in rural areas, which may be used to buy, build, or improve a family’s permanent residence.


Rural Housing: Repair Loans & Grants

The Very Low-Income Housing Repair program provides loans and grants (to 62 and older) for low-income homeowners to repair and improve their homes. Homeowners must be unable to obtain affordable credit elsewhere. Loans are up to $20,000 for 20 years at 1% interest. Grants are up to $7,500.


Rural Rental Housing

Rural Rental Housing is available for very low-, low-, and moderate-income families, senior citizens, and disabled individuals. Applicants can apply directly to building managements that participate in the Rural Rental Housing program in order to determine eligibility.


FHA Loans

The Federal Housing Administration insures loans so that lenders can offer a lower down payment, lower closing costs, and easier credit qualifications. Down payments can be as low as 3.5%.


VA Purchase & Cash-Out Refinance Home Loans

The Department of Veterans Affairs insures home purchases or taking cash out of home equity with no down payment, lower closing costs, and no penalty for paying the loan off early. Participants must be veterans of qualifying wartime, actively serving, discharged due to hardship or a service-connected disability, or the unremarried spouse of a veteran whose died in service or from a service-connected disability, among other requirements.


Good Neighbor Next Door Program

The Good Neighbor Next Door Program offers homes for sale in revitalization areas at 50% of the listing price for law enforcement officers, pre-kindergarten through 12th grade teachers, firefighters, and emergency medical technicians, so long as they commit to living in home as their sole residence for at least 36 months.


Principal Reduction Alternative

The Making Home Affordable’s Principal Reduction Alternative is available to individuals and families whose mortgage payment is more than the value of the home, whose mortgage was taken out prior to 2009, and who is suffering financial hardship that has made payments delinquent or in danger of becoming delinquent. The Principal Reduction Alternative encourages participating mortgage servicers and investors to reduce a mortgagor’s principal amount (not available for mortgage’s owned or guaranteed by Fannie Mae or Freddie Mac). 


Second Lien Modification Program

The Second Lien Modification Program is for individuals who and families who have two mortgages and whose first mortgage was modified by the Home Affordable Modification program. There can be no more than three consecutively missed monthly payments on the HAMP modified mortgage, and the mortgage servicer must be a participant in the Program.


FHA Home Affordable Modification Program

A mortgage that is insured or guaranteed by the Federal Housing Administration can be modified to 31% of a homeowner’s verified monthly gross income, if the homeowner is struggling to make payments.


USDA Special Loan Servicing

A mortgage that is guaranteed by the United State Department of Agriculture’s Section 502 Single Family Housing Guaranteed Loan Program can be modified to 31% of a homeowner’s verified monthly gross income, if the homeowner is struggling to make payments.


Veteran's Administration Home Affordable Modification

A mortgage that is insured or guaranteed by the Department of Veterans Affairs can be modified to 31% of the homeowner’s verified monthly gross income, if the homeowner is struggling to make payments.


Housing Counseling Agencies

Housing counseling agencies, found throughout the country, offer advice about buying a home, renting, defaulting, foreclosure avoidance, credit issues, or reverse mortgages. Foreclosure prevention counseling and homeless counseling are free of charge, and low cost charges are applied to other counseling, so long as they are explicitly stated and provided that they are provided free of charge to individuals who demonstrate they cannot afford the fees.


Home Equity Conversion Mortgage

The Home Equity Conversion Mortgage is the Federal Housing Administration’s reverse mortgage program, which allows homeowners to withdraw some of the home’s equity as cash. The loan does not need to be paid until the home is no longer the principal residence or if the homeowner fails to meet the obligations of the mortgage.


Homeowner's Assistance Program (Department of Defense)

The Homeowner’s Assistance Program is available to military service members or federal civilian employees who are affected by a base closing or realignment announcement. The program can reimburse homeowners for part of the loss of selling the home, assist homeowners if the funds from the sale can’t pay off the mortgage, purchase the home by paying off the mortgage, or assist if the homeowner defaults on the mortgage.



DISCLAIMER: Reference in this site to any specific commercial product, process, or service, or the use of any trade, firm or corporation name is for the information and convenience of the public, and does not constitute endorsement, recommendation, or favoring by the National Tax Lien Association.



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