Loan Modification

If you are not interested in a short sale and want a loan modification we can help. You may be eligible to modify your home loan under the Home Affordable Modification Program if;

1) Your home is your primary residence

2) The amount you owe on your first mortgage is equal to or less than:

- $729,750 for 1 unit
- $934,200 for 2 units
- $1,129,250 for 3 units
- $1,403,400 for 4 units

3) You are experiencing a financial hardship, such as a job loss, divorce or medical emergency

4) Your current mortgage was taken out before January 1, 2009

5) Your payment on your first mortgage (including principal, interest, taxes, flood and hazard insurance, and homeowners association dues, if applicable) is more than 31% of your current gross (before taxes and deductions) monthly income.

When you receive the packet, you’ll need to complete the enclosed financial forms and submit proof of income and residency.

The following forms must be filled out and signed by all borrowers listed on your loan.

Request for Modification and Affidavit (RMA) form

IRS Form 4506-T Request for Transcript of Tax Return
(only one required if you file your tax returns jointly)

You must also sign a form if your loan is not owned by Fannie Mae or Freddie Mac. We will help you determine that. The Dodd-Frank Certification Form—a form certifying compliance with the Dodd-Frank Wall Street Reform and Consumer Protection Act

Usually you can expect to hear back from the bank within 10 business days from when they receive all your required documents. They will contact you to confirm receipt of the information, as well as let you know how they are evaluating the file. If documents are missing, they may contact you to let you know what information you need to provide.

Northwest Equity Home Sales will get you started in the right direction, help you compile all the necessary documentation and assist in every way possible.

Northwest Equity Home Sales is your one stop real estate resource. NWEHS specializes in Washington Real Estate. Please use our interactive map and MLS listings to search for real estate in the Pacific Northwest. Northwest Equity Home Sales also provides client services such as mortgage, relocation, home warranty, escrow and title insurance. NWEHS is Independently Owned and Operated.