Skip to Page Content

Understanding Unemployment Forbearance

Unemployment is a reality that many homeowners face. To provide you with a greater measure of security and more time to find new employment, your lender may be able to provide you with short-term unemployment forbearance and, if necessary, extended unemployment forbearance if you are still unemployed after the initial term.



Be honest with your lender. If your situation is long-term, let them know up front so they can better help you.

Unemployment Forbearance may make sense if you:

  • Are facing financial hardship due to unemployment.
  • Are looking for assistance with the mortgage for your primary residence.

If your loan is owned by Freddie Mac, there are two options to help you through your mortgage challenges during your unemployment period. Visit our Loan Look-up tool to see if we own your loan.

  1. Short-term forbearance. If you qualify, your lender can offer you short-term forbearance for 6 months, where your mortgage payments are either reduced or suspended.

  2. Extended unemployment forbearance. If you remain unemployed when the short-term forbearance period ends, your lender will evaluate your eligibility for extended unemployment forbearance and may extend your forbearance period for up to another 6 months. Under this option, your mortgage payments may be reduced or suspended.

You May Also Be Interested In

 Loan Lookup Tool

Loan Lookup Tool

Find out if Freddie Mac owns your loan


Housing Counselors

Learn how housing counselors can help – from improving your credit to assistance with your mortgage.


Beware of Fraud

Get informed about mortgage fraud, learn how to avoid it, and how to report it.

Back to Top