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 cirumstances to improve, and the type of modification you are requesting
- A current personal financial statement with schedule of real estate (a blank template can be found here: Personal Financial Statement)
- 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 First Financial Northwest Bank 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 First Financial Northwest Bank.
Foreclosure Rescue Scams
Beware of foreclosure rescue scams. Solutions that sound too simple or too good to be true usually are. If you're selling your home without professional guidance, beware of buyers who try to rush you through the process. Unfortunately, there are people who may try to take advantage of your financial difficulty. HUD-approved housing counseling services are available at no charge (see below for contact information).
Learn More
