Home Affordable Unemployment Program (HAUP)

The Home Affordable Unemployment Program (HAUP)  (aka UP) was another program put in place offered by participating lenders/servicers to offer unemployed homeowners struggling to make monthly mortgage payments.

The HAUP program is combined with a forbearance agreement to temporarily reduce or suspend monthly mortgage payments while the homeowner is seeking employment.  The forbearance period must meet a minimum of 3 months and can be extended at the sole Home Affordable Unemployment Program - HAUPdiscretion of the lender/servicer in compliance with the investor guidelines. Read more


To qualify for Home Affordable Unemployment Program – HAUP:

  • The homeowner must be unemployed and eligible for unemployment benefits
  • The property must be owner-occupied
  • The program can be extended up to a maximum of 12 months while the homeowner is looking for  employment.
  • The mortgage must be a first lien originating prior to or on January 1, 2009
  • The unpaid principal loan balance must be equal to or less than $625,500for one unit.  (Ref . the link here for High Cost Area (HCA) loan limits for 1-4 units           
  • You must have been delinquent 3 consecutive months or less on mortgage payments
  • Your mortgage payments are greater than 31% of your gross monthly income.  (However, payments could be less than 31%, at the lender/servicers discretion).

Upon re-employment or 30 days prior to UP expiration of the forbearance period, homeowners will be evaluated for the HAMP loan.

Most lenders/servicers meeting investor guidelines will require that the homeowner’s unemployment benefits are currently active prior to approving the HAUP loan.



  1. innovative marine nuvo

Add Comment

Optimization WordPress Plugins & Solutions by W3 EDGE