How Do I Get Home Financial Assistance?
- 1). Visit or call your local Department of Social Services. To obtain any kind of financial assistance, you must be willing to look for it, as well as apply. This department can oftentimes pay a mortgage payment for you if you find yourself in a tough situation. You usually must provide proof of the situation you are in as well as proof of income when you apply. If the agency is not able to help you with your mortgage payment, they may be able to qualify you for free medical insurance or food stamps, which would relieve other financial burdens and hopefully enable you to afford your mortgage debt.
- 2). Contact your mortgage lender. Explain the situation that has caused your hardship to your lender. You may also need to put in an application and provide the lender with proof of income as well as other debt obligations. It is possible your lender has a loan modification program in which they can reduce your mortgage payments either permanently or temporarily through a reduction in payment or interest rate.
- 3). Find federal government housing resources on the Internet. The government puts in a great effort to promote home-ownership. If you find yourself in a situation that you need home financial assistance, you may find some help on the Internet. The United States Department of Housing and Urban Development has home financial resources for you to aid you in your effort to keep your home. One successful program by the federal government is the Home Affordable Modification Program (see References). You can review the program and download forms online.
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