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FHA-2LP Mortgage Program Requirements

What are the borrower requirements to participate in FHA-2LP program and is Freddie Mac participating in the program?

Harry Jensen, Trusted Mortgage Expert with 45+ Years of Experience
, Trusted Mortgage Expert with 45+ Years of Experience

We provide an overview of the FHA-2LP program on FREEandCLEAR for informational purposes but the program expired on December 31, 2013. The government's other Making Home Affordable (MHA) programs for distressed borrowers were extended through the end of 2016. Programs that may be relevant to your question include the Home Affordable Modification Program (HAMP) for borrowers struggling to make the payment on their first mortgages as well as the Second Lien Modification Program (2MP). 2MP is intended to modify second lien mortgages when a corresponding first lien is modified under HAMP by a participating mortgage servicer (the company you make your mortgage payment to). We provide a synopsis of both the HAMP and 2MP programs on FREEandCLEAR. Freddie Mac is participating in the HAMP program but we are not aware of any second lien mortgage modification programs that Freddie Mac participates in.

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About the author

Harry Jensen, Mortgage Expert

Harry is the co-founder of FREEandCLEAR. He is a mortgage expert with over 45 years of industry experience. Over his career, Harry has closed thousands of loans for satisfied borrowers and now offers his advice and insights on FREEandCLEAR. More about Harry

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