If you are a homeowner experiencing financial hardship directly or indirectly related to Coronavirus (COVID-19) and your mortgage is owned by Freddie Mac, contact your loan servicer (the company listed on your mortgage statement) right away to discuss your options.
Whether you’re facing job loss, reduced income, illness or other issues that impact your ability to make your monthly mortgage payment, Freddie Mac is working to ensure you are protected. In fact, we have directed your loan servicer to provide mortgage relief options including:
- Forbearance which provides up to 12 months of payment relief for borrowers with a COVID hardship. This forbearance may be extended up to 18 months a for borrowers who were on an active COVID-19 forbearance as of February 28, 2021
- Waiving assessments of penalties or late fees
- COVID Payment Deferral where up to 18 months of payments are deferred to a non-interest-bearing balance. This option is available if your COVID hardship has been resolved and you are able to resume making your regular monthly mortgage payments
- Mortgage modifications target a lower monthly mortgage payment if you are unable to resume making your regular monthly payment after the forbearance period ends
Borrowers are eligible for these relief options regardless of whether their property is owner occupied, a second home or an investment property.
If you are struggling to make your mortgage payments or believe you may fall behind on your payments soon, don’t wait — contact your loan servicer now. They’re here to help you.
Tools and Resources
Loan Look-Up Tool
Find out if Freddie Mac owns your loan.
Borrower Help Centers
Our housing counselors offer education and assistance whether you are struggling to make your mortgage payments or planning to buy a home.
Sustaining Homeownership in a Crisis
Learn about the resources and solutions available to you with our interactive guide for homeowners.