In general, you may qualify for a Mortgage Modification under the Homeowner Affordability and Stability Plan if:

1. You occupy your house as your primary Elkhart Indiana residence
2. Your monthly Mortgage Payment is greater than 31% of your monthly gross income
3. Your loan is not large enough to exceed current Fannie Mae and Freddie Mac loan limits.

Final eligibility will be determined by your Mortgage Lender based on your financial situation and detailed guidelines that will be available on March 4, 2009.

Still have questions?  Call your local Elkhart Indiana Real Estate Expert Evelyn Johnston with Prudential One Realty at 574-304-7148.