See if you're eligible by following the steps below.
Step 1. Answer the questions to the right as accurately as possible.
Step 2. After clicking "Check My Eligibility", you will be given the results immediately.
Step 3. If Approved, you will be given a secure approval pin-code and the phone number to call to get a loan modification. If you are denied, you will be given a summary of the reason(s) you are not eligible.
The Making Home Affordable program offers homeowners a loan modification that typically will get the homeowner an interest rate between 2%-4% fixed for at least 5 years. This program will also catch up any delinquent payments the homeowner may owe.
Those that aren't eligible for a HAMP modification are given what's called an "in house" modification. The only difference between "In House" modifications and "Making Home Affordable" modifications are that the rate may be a little higher with In House modifications.