If you are currently having trouble paying your non-VHFA loan, or see the potential for future difficulties due to a life event or hardship, taking action as soon as possible may be the key to saving your home. Every situation is different, but the following steps can help you get started:
Depending on the type of loan you have and your situation, you may be eligible for federal programs that can help you avoid losing your home to foreclosure. For more information, read information from the U.S. Department of Housing and Urban Development, inquire with your loan servicer, or consult with one of the housing counseling agencies described above. Although VHFA loans are not eligible for federal programs regarding loss mitigation, there are other ways you can take action.
VHFA does not offer refinance options. If you are seeking to refinance your VHFA or non-VHFA loan, you will need to contact your existing servicer or a lending organization that offers refinance opportunities.