Mortgage assistance and foreclosure prevention programs in Michigan.
Struggling homeowners can get help with paying their mortgage from non-profits as well as government programs in MI. There are local and statewide resources. Find mortgage assistance programs in all cities including Detroit and Grand Rapids. The goal is to help a low-income family, senior or disabled person pay a home loan to avoid a foreclosure. Get help with a mortgage payment near you in MI.
Statewide mortgage relief programs in MI
The Michigan State Housing Development Authority (MSHDA) is a leading organization that help current homeowners and people seeking to buy a property. The government agency offers mortgage refinance programs that will assist families and individuals who currently have a higher interest rate fixed loan or an adjustable rate mortgage. There are also other free foreclosure counseling resources in MI as well. These programs can help reduce and/or stop mortgage foreclosures by making your loan more affordable. .Find other MSHDA housing programs. https://www.michigan.gov/mshda.
- MSHDA Rate Relief Program will provide qualifying homeowners that have either an adjustable rate mortgage or a higher interest fixed rate with an opportunity to refinance their current mortgage into a lower interest fixed-rate loan. This service can also help first home homebuyers in MI purchase a place to live. Call Neighborhood Legal Services of Michigan at (313)964-1975 for more information or to apply.
Community action agencies are located in all Michigan counties. While the exact programs vary based on community, many have applications to grant money (which can help with housing including a mortgage) as well as other programs for homeowners. Counseling services, information on home loan refinancing, and other solutions are offered, and get more details on help near you from MI community action.
The Michigan Foreclosure Prevention Project was created from various government and private industry grants. A leading organization that offers applications to it, as well as other mortgage relief, is the Michigan Poverty Law Program (MPLP). The program will help homeowners who are facing a foreclosure. Legal aid, counseling, and other services are offered to those who qualify. Read more on the Michigan Foreclosure Prevention Program.
Non-profit, HUD certified housing agencies in Michigan help homeowners with a mortgage, property taxes and other financial obligations. The non-profit services are free to low-income families and those people living in poverty. The federal government has certified many non-profit agencies across the state of Michigan. These locations now offer HUD approved housing and foreclosure counseling. Find a listing of agencies and resources that they provide. More on Michigan HUD agencies.
Local organizations near you in Michigan that help with home loans or a mortgage
Many of the major cities and communities in Michigan offer emergency mortgage help as well. The goal is to reduce, or stop, a foreclosure in their local communities. Everything from financial help to required lender/homeowner mediation and other services are for residents.
- Detroit Michigan mortgage help and foreclosure prevention covers all of Wayne County. Get a listing of organizations and non-profits, as well as HUD counselors and law firms, that can offer residents of Detroit and Wayne County foreclosure assistance programs. Low income homeowners may receive free counseling and support. More on Detroit foreclosure prevention.
- Oakland Michigan Foreclosure Prevention programs help those behind on their mortgage or property taxes. The Oakland County Treasurer's Office, United Way, and other non-profit organizations offer a foreclosure prevention initiative. Counselors will work directly with the homeowner and their lender to negotiate new loan terms and try to find other solutions. The program is free to Oakland and Wayne County families. Read more on foreclosure prevention in Oakland County MI.
- Macomb County and Michigan State University partner to help local families. The University of Michigan has various extension units around Macomb County and the state that homeowners can turn to for help in dealing with a foreclosure. The programs can even provide advice on how to pay a mortgage even before the homeowner receives a foreclosure filing. As is always the case, the earlier you ask for help and advice, the easier it is to prevent a foreclosure or to save your home. Continue reading on the Michigan State foreclosure assistance programs and services.
- Washtenaw County mortgage relief and property tax help is for people who have a low-income, with a focus on seniors. A program offered by the county helps homeowner who are behind on their mortgage payments avoid a foreclosure. Assistance is also provided for those individuals who are struggling with other housing related expenses, such as property taxes. More on Washtenaw foreclosure programs.
Other government and regional programs in MI for mortgage payment help
Based on the strength of the economy in MI, as well as federal and state funding levels, there are other mortgage assistance programs. These options, listed below, come and go based on various factors. However homeowners in MI may be able to get help.
- Michigan foreclosure mediation ramps up from time to time. The goal is for reducing the number of or stopping foreclosures across the state. The state of Michigan is trying to ensure that lenders and homeowners are in contact with each other, and that all possible alternatives to a foreclosure are explored first. This foreclosure mediation sessions will be required by law hen conditions warrant. Read more on Michigan foreclosure mediation.
- Help with mortgage payments, including direct financial help from JPMorgan Chase, is an option in some instances. National lender JPMorgan Chase & Company will provide help to unemployed homeowners in Michigan when the economy is very poor. The lender will help people who are behind on their payments. Click here to learn more on CJP Morgan MI mortgage help.
- Assistance from the Michigan Hardest-Hit Fund is a statewide initiative run in partnership with the federal government, in particular HUD. The Michigan Hardest Hit Fund can assist homeowners who have lost their jobs and are receiving unemployment benefits, individuals who have a reduction in income or medical emergency. It is a crisis type resource for residents. Tens of millions of dollars in federal government will sometimes be provided to Michigan to help people avoid a foreclosure filing. Click here to read more on Hardest Hit Fund in MI.
- Some lenders, such as Bank of America, also offer support. The lenders are often involved in offering mortgage help to residents of Michigan. Or call BOA in order to find additional ways to get help with your mortgage. Read how to get mortgage assistance from now Bank of America.
- Moratoriums may be issued too. In addition, in some years, the state has a 90 day foreclosure moratorium program in MI. It will be for the low-income , and this can be combined with programs.
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