Are you concerned you may lose your house?
Have you lost your job or had your hours cut? Are you worried about paying your mortgage? If so, you are not alone. Currently, millions of Americans are struggling to make ends meet.
DCHA helps families struggling with mortgage issues. We provide guidance on a range of housing issues. Every household has a different financial picture. DCHA can help you evaluate your circumstances and provide information to help you make decisions whether keeping your home is in your best interest or transitioning to an alternative living situation. DCHA staff also is familiar with the federal Home Affordable Modification Program (HAMP) and can provide guidance on how to apply. Below is all the information you need to get started. Please bookmark this site and visit from time to time.
Other reputable organizations with offices in Dane County that may also assist you:
- Greenpath Debt Solutions - 888-776-6735 - Request an appointment in the Madison/Monona office.
- City of Madison Foreclosure Prevention Program - 261-5677
Making Home Affordable Program
In March 2009, the federal government introduced the Making Home Affordable program. Its purpose is to help struggling homeowners stay in their homes by giving them affordable, sustainable mortgages. The loan modification program is for homeowners who are no longer able to make their monthly mortgage payments, whether they are current or have fallen behind. The refinance program is for homeowners that are current on their mortgage and want to reduce their interest rates, but have been unable to do so because their home’s value has dropped. e two ways this can be accomplished – through loan modification or refinancing.
