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Mortgage Rates
30 Yr FRM 4.83% -0.08%
15 Yr FRM 4.32% -0.04%
1 Yr ARM 4.35% -0.11%
5/1 Yr ARM 4.25% -0.04%
30 YR Tres 4.25% -0.03%
Fed Prime 3.25% 0.00%
 
Answered Questions » Mortgage » Loan Modification
Q: Can I get a loan modification on my FHA loan?
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  • FHA does allow loan modifications if you qualify.  First you will want to call the bank on your mortgage statement and inquire if you qualify for the loan modification.  FHA only insures the loan, and whereas they do not want a homeowner to default or foreclose because it could mean a claim would be filed, the bank on your statement is a better starting point for loan modification help.

     


    Answer Submitted on Fri, May 22 2009

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    		Answer Contributed by: Matt Martin Real Estate Management
    Matt Martin Real Estate Management are loss mitigation experts, providing years of experience in loan modification, short sales, and all aspects of property sales and management. Our company’s success is based on three key elements: Experience, Integrity and Value.
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