If You Have a Second Mortgage

If you have a home equity loan, HELOC, or some other second lien that is making it difficult for you to keep up with your mortgage payments, learn more about this MHA program.

"I sought out help before I became delinquent. There is help out there. You would be negligent if you didn't reach out for help."

Dixie - Homeowner

Second Lien Modification Program (2MP) ›

If your first mortgage was permanently modified under HAMP^SM and you have a second mortgage on the same property, you may be eligible for a modification or principal reduction on your second mortgage as well.

Key Terms on This Page:

Home Equity LoanA type of loan in which the borrower uses the equity in their home as collateral., HELOC (Home Equity Line of Credit)A loan in which the borrower's home is used as collateral, where the borrower may draw funds with a predetermined maximum draw, rather than a fixed dollar amount delivered in a lump sum. Interest is charged only on the amount withdrawn., Second LienA secured loan that is secondary to another loan against the same property (also known as a second mortgage).

Help is a Phone Call Away

888-995-HOPE (4673)
Hearing impaired: 877-304-9709 TTY

As you enter a process that can sometimes be overwhelming, it would be in your best interest to engage a housing expert to help you along the way. Let a HUD-approved housing counselor help you understand your options, prepare your application, and work with your mortgage company.

Making Home Affordable An official program of the Departments of the Treasury & Housing and Urban Development