Making Home Affordable

 Program Purpose and Overview

In early 2009, Treasury launched the Making Home Affordable® Program (MHA) to help struggling homeowners avoid foreclosure. MHA is only one part of the Obama Administration’s broader efforts to strengthen the housing market.  

Since its inception, MHA has helped homeowners avoid foreclosure by providing a variety of solutions to modify or refinance their mortgages, get temporary forbearance if they are unemployed, or transition out of homeownership via a short sale or deed-in-lieu of foreclosure. 

The cornerstone of MHA is the Home Affordable Modification Program (HAMP), which provideed eligible homeowners the opportunity to reduce their monthly mortgage payments to more affordable levels.  

Since its launch, Treasury launched additional programs under MHA to help homeowners who are unemployed, “underwater” on their loan (those who owe more on their home than it is currently worth), or struggling with a second lien. It also included options for homeowners who would like to transition to a more affordable living situation through a short sale or deed-in-lieu of foreclosure.  In early 2012, the Obama Administration announced important enhancements to MHA that expanded the pool of eligible borrowers. On May 30, 2013, the Obama Administration extended the application deadline for MHA programs to December 31, 2015. Subsequently, the program was extended again and expired December 31, 2016.

MHA included several additional programs to help homeowners refinance or address specific types of mortgages, in conjunction with the Federal Housing Administration (FHA), the United States Department of Agriculture (USDA), and the Department of Veterans Affairs (VA). 

Homeowners seeking mortgage assistance are encouraged to contact their mortgage company directly. More information can be found at ​​​

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Last Updated: 1/30/2017 3:34 PM