Important Details
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  • Zions Bank sponsors the Homeowners Café® as a service to the community; therefore, all information provided should be considered as educational in nature and not as professional services. By utilizing the services of, and the information provided by, the Homeowners Café, you acknowledge and agree this does not constitute any legal commitment to become a customer of any bank, including Zions Bank and its affiliates nor does it constitute an offer of any extension or modification of any credit to you by Zions Bank or its affiliates.

VA/USDA Affordable Programs

USDA Home Affordable Modification Program

On August 26, 2010, the Rural Development (RD) Division or United States Department of Agriculture (USDA) introduced a Home Affordable Modification Program (HAMP). It assists homeowners who are having trouble making their monthly payments. RD HAMP lowers borrowers’ monthly mortgage payment to 31% of their gross monthly income.

If you have a RD or USDA mortgage, contact your servicer for more information.

VA Home Affordable Modification Program

Effective February 1, 2010, the VA introduced a Home Affordable Modification Program (HAMP). The program assists homeowners who are having trouble making their monthly payment. The VA HAMP lowers borrowers’ monthly mortgage payment to 31% of their gross monthly income.

You may be eligible for a VA HAMP if you meet the following 3 stipulations:

  • The property is your primary residence
  • You don’t qualify for traditional repayment plans, special forbearances and traditional loan modifications
  • The VA HAMP modification is agreed upon by the VA HAMP expiration date

These are general guidelines. Contact your servicer to see if you qualify.

Important Details

 

 

 

Homeowner’s Café®
This page was last modified on Thu Mar 26 14:28:23 MDT 2015