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US Bank Home Mortgage Modification

US Bank Home Mortgage Modification options can be explored to continue making your monthly payments even if you have to face a financial hardship. The loan modification programs are well in place and can be availed at different stages of mortgage delinquency in a bid to keep living in your home or at least avoid foreclosure. The usual process of accessing mortgage repayment help from a bank starts with contacting its loss mitigation department. The US Bank invites you to call immediately to its loss mitigation department, commonly known as Default Resolution.

US Bank Loan Modification Programs

At Default Resolution, which you can access by dialing 866-932-0462, your application will be processed to see if you qualify for the Making Home Affordable Program of the Federal Government. The program has two components, you may be found fit to get assistance under either of those. These are:
  • Home Affordable Mortgage Modification Program (HAMP)
  • Home Affordable Mortgage Refinance Program (HARP)
Find complete guidelines online on the aforementioned programs at www.makinghomeaffordable.gov. In case you do not qualify for either of these you can call Default Counseling at 800-365-7900 to talk to a loan officer and determine a loan repayment option that might work for you. In case you find it difficult to retain ownership of your home you can consider selling your home as well in order to avoid foreclosure. Here are the home mortgage modification options available at US Bank:
  • Repayment Plan: You can continue making regular payments alongside paying a portion of the past dues.
  • Hardship Loan Modification: You can have the rate lowered or the loan term extended in order to get a reduced monthly payment.
  • Partial Claim: A second lien is created on your property and the account is brought current.
  • Short Sale: You can sell your home even if the proceeds are not enough to pay outstanding dues.
  • Deed in Lieu of Foreclosure: Under this agreement you agree to hand over your property to the bank in lieu of the amount you owe to it.

US Bank Loss Mitigation Department


US Bank Loss Mitigation Department is known as Default Resolution which helps you find a suitable mortgage modification or refinance program to avoid delinquency on your payments. The department is accessible via phone, fax and online as well. For any requirement pertaining to US Bank Loan Modification Forms or Guidelines you can visit its official website where you can also find complete information on modification process also. Here are the contact details of the department.

Default Resolution: 866-932-0462
Default Counseling: 800-365-7900

Website: http://www.usbank.com/


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