{ "@type": "DefinedTerm", "@id": "https://affordablehousingonline.com/glossary/FHA-Home-Affordable-Modification-Program-FHA-HAMP", "name": "FHA-Home Affordable Modification Program (FHA-HAMP)", "description": "

This program allows homeowners to modify their FHA-insured mortgages to reduce monthly mortgage payments and avoid foreclosure. As part of qualifying, the borrower must complete a three-month trial period making payments at the new rate.<\/p>", "inDefinedTermSet": "https://affordablehousingonline.com/glossary" },

Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. 

An extensive list of coronavirus resources for low-income households can be found here.

FHA-Home Affordable Modification Program (FHA-HAMP)

View All Glossary Definitions

This program allows homeowners to modify their FHA-insured mortgages to reduce monthly mortgage payments and avoid foreclosure. As part of qualifying, the borrower must complete a three-month trial period making payments at the new rate.