What resources are available to help me avoid foreclosure?

FHFA provides several resources to help homeowners avoid foreclosure. One essential option is the Home Affordable Refinance Program (HARP), designed to assist borrowers with conforming loans to refinance their mortgages. This enables homeowners to obtain more affordable monthly payments and avoid default. Another crucial resource is the Home Affordable Modification Program (HAMP), which allows struggling homeowners to modify their mortgages to make monthly payments more manageable. FHFA also offers a Mortgage Assistance Program (MAP), connecting borrowers facing financial difficulties with local housing counseling agencies and offering guidance throughout the foreclosure prevention process. Additionally, FHFA provides a convenient online tool called the Mortgage Help Network, which enables homeowners to locate resources and foreclosure prevention information specific to their state. These resources aim to support homeowners and mitigate the risk of foreclosure.