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Fannie Mae or Freddie Mac Mortgages

Fannie Mae/Freddie Mac

Homeowners with mortgages owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for different repayment options following their forbearance. Fannie Mae and Freddie Mac do not require a lump sum payment at the end of the forbearance.

  • If you are unable to repay your missed payments all at once and can afford to pay a higher monthly mortgage payment for a period of time, you may be eligible for a repayment plan which allows you to repay past due amounts over a period of time.
  • If you can afford to resume your regular monthly mortgage payment you may be eligible for a payment deferral, which puts your missed mortgage payments into a payment due at the sale or refinancing of your home, or at the end of the loan.
  • If you have a sustained reduction in income and are unable to afford your regular monthly mortgage payment, you may be eligible for a loan modification which changes the terms of your loan to enable an affordable payment.

Servicers will reach out to you about 30 days before your forbearance plan is scheduled to end to determine which assistance program is best for you at that time. Work with your servicer to determine your best-suited eligible option.

Fannie Mae:  800-232-6643,

Freddie Mac: 800-373-3343,

Published Dec 11, 2020.