Home Loans and Support

HEMP Qualifications

Discussion in 'Bank of America Mortgage Help' started by lucky2, Apr 22, 2010.

  1. lucky2

    lucky2 LoanSafe Member

    Can someone please tell me the new HAMP guidlines, to qualify for the HAMP program.

    My gross pay to my current mortgage payment(including taxes, and insurance) is 59%.

    I have Fannie Mae, or Freddie Mac, no sure which one.

    I have not been more then 30 days late on my mortgage.

    I have been unemployed since Feb. 09.

    I originally sent in paper work(check stub, bank statements) back in July 09.

    When I originally sent in the paper work I was not even 30 days late.

    I was a Countrywide customer.

    I have had this loan for 6 yrs.

    What should my debt to income ratio be? (Net pay minus expenses)

    Any advise too, would be very helpful to get this HAMP program.

    Thanks!!!!
  2. shawnNov09

    shawnNov09 LoanSafe Member

    This site will give you all guidelines.... www.hmpadmin.com . This will give you the basic information. Don't expect BOA to follow any of this though....GOOD LUCK!
  3. alikeith

    alikeith LoanSafe Member

    HEMP? LOl..... I will tell you about HEMP.....
  4. lucky2

    lucky2 LoanSafe Member

    Just trying to lighten things up....lol
  5. lucky2

    lucky2 LoanSafe Member


    Great!! Thanks for the site.
  6. alikeith

    alikeith LoanSafe Member

    you succeded.. lol
    I laughed. :)

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