Financial Alternatives

Unexpected financial hardship can happen to anyone, at any time. While we pride ourselves in helping our customers become homeowners, we also want to be here to help you keep your home that you've worked so hard for, when times are tough.

Please let us know if you are experiencing temporary or permanent financial difficulties making payments on your HomeSight loan. HomeSight will work with you to determine if it is possible to find a mutually agreeable way to help you keep up with your mortgage payments and preserve your primary residence. Please let us know by calling (877) 577-2416 (toll-free) or (206) 760-4224 to discuss your options.

Financial Options

Depending on your financial circumstances, the following are some options that may be available to help you manage your mortgage payments, preserve your home, and avoid foreclosure:

  • A modification to interest only payments for up to a maximum of 12 months
  • A modification to make up delinquent payments in a mutually agreed upon time frame
  • A reduction in your interest rate for up to a maximum of 12 months

Helpful Documentation

The following documents will be needed in order to evaluate your financial situation completely and evaluate your options:

  • A hardship letter describing why you are unable to remain current on your mortgage, when you expect your circumstances to improve, and the type of modification you are requesting
  • A current personal financial statement with schedule of real estate 
  • Copies of your most recent two years personal income tax returns
  • Copies of your most recent two years business income tax returns with K-1's (if applicable)
  • Proof of household income including monthly pay stubs, any rental income or documentation of other monthly income
  • Most recent three months asset statements (checking, savings, retirement, etc.)
  • Information about debts (balances, line limits and required payments)
  • A current mortgage payment statement
  • Information about any subordinate lien mortgages on your home

Depending on the situation and type of assistance we may be able to offer, further documentation may be required.

Although HomeSight will give the same consideration to all modification requests, in some cases a modification may not be a viable option. You should be aware that your original loan terms remain in effect while we make a decision on your request. If your request is approved, the new terms will not take effect until a written agreement is prepared and signed by all borrowers and a representative of HomeSight.

Additional Resources

The following contacts can provide you with important information free of charge:

More Information

Call HomeSight at (877) 577-2416 (toll-free) or (206) 760-4224 to discuss your loan options.

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