Mortgage Hardship Assistance FAQs
Get answers to your most frequently asked questions about hardship assistance for your mortgage and home equity loan.
Available Resources
General Mortgage Resources
Homeowner Assistance Fund — NCSHA
Consumer Federal Protection Bureau (CFPB) Resource Center: 1-855-411-2372
HUD Counseling: 1-800-569-4287 - A government agency, sponsors housing counseling agencies throughout the country that can provide help on foreclosure prevention and debt management information, as well as translation or other language assistance.
FHA Mortgage Loan Resources
HUD Homeowner Counseling Resources: 1-800-569-4287
HUD’s toll-free number via Text Telephone (TTY): 1-800-877-8339
For FHA/HUD Loans or to learn more about FHA's Payment Supplement Agreement (PSA) program, view our PSA Infographic (PDF)
If you are requesting mortgage assistance, and you are current on your loan, or less than 30 days past due, you are required to submit this Imminent Default Form to us.
Listen to our PSA Podcast. You can also read our PSA Podcast Transcript (PDF)
Other Mortgage Resources
For VA Loans:
Visit the U.S. Department of Veterans Affairs website for more information on how to avoid foreclosure.
Understand more about Loss Mitigation options by clicking here, scrolling down to the Available Training section, and expanding the Loan Administration tab.
For Section 184 Indian Home Loans
National American Indian Housing Council (NAIHC) – This Tribal Housing Assistance website is a resource hub for American Indian, Alaska Native, and Native Hawaiian homeowners, individuals, and families looking for mortgage assistance through the Homeowner Assistance Fund.
Additional Materials for Applying Online
Applying for mortgage assistance is now easier than ever. You no longer need to print forms and return them to us via mail, fax, or email.
To apply for assistance online, you'll need to be enrolled in M&T Bank Online Banking.
Additional Documentation Required:
When you begin the application process online, you may be directed to fill out one of the forms below. Once complete, this form can be uploaded right within your online application.
We offer a number of mortgage assistance options and home equity loan assistance options that you may be eligible for depending on your financial situation and the guidelines of your insurer/investor. You can review our available options on the Mortgage Assistance Programs page.
If you are unsure who your loan is backed by, you can use the loan look up tool to determine your insurer/investor and the appropriate Mortgage Assistance Application for your situation.
We currently do not offer any options that allow you to skip a payment. However, there may be other options available to assist you. Review other Mortgage Assistance page.
Yes, to streamline the review of your loan, we highly recommended that you send all of your forms and documents together. If not, you will be receiving a letter by mail informing you that your application is incomplete. We are unable to fully review your file until we have received all of your documents.
Once we have received your completed application, you will receive a decision within 30 calendar days.
As of right now, the only way to check the status of your application is to contact our Single Point of Contact Team at 1-800-724-1633. We will notify you by mail of your next steps in the process if additional information is needed, as well as once a decision is made.
Yes. We can accept partial payments. Once enough funds are gathered to make a full payment, they will be applied to your account.
There may be mortgage assistance options available to you based on the insurer/investor of your loan. Learn more about Disaster Assistance and how to apply. You can also call us at 1-800-724-1633.
A notary is a person who is authorized to perform acts in legal affairs, witnessing signatures on documents. All of your final modification documents may need to be notarized before you send them to us.
Learn more about Signatures and Notaries
Depending on the insurer/investor of your loan, you may be required to provide the same financial information for your former spouse, a divorce decree or quitclaim deed (a document from your spouse that transfers their interest in the property to you). Additionally, your spouse may be required to sign loan modification documents.
A title report is needed to verify that your property is free from any potential or existing liens or other title issues that dispute your ownership.
You may continue to receive past due notices until your loan reflects current.
It is important that you have sufficient coverage on your flood insurance policy to cover your principal balance. With some modifications, your principal balance could increase. If your balance increases you may be required to increase your flood coverage. If an increase is required and not obtained the mortgage assistance option will not be closed.
For more information on what to do if your property is located in a designated flood zone, please click here (PDF).
Yes. In many cases, homeowners who are past due on their mortgage may still be able to sell their property. If your property has equity, meaning it is worth more than what you owe, you may be able to sell it and use the proceeds to pay off your mortgage.
If you owe more than your property is worth, you may still have options, including a short sale.
M&T Bank has partnered with SmartSale, powered by Auction.com to help customers market and sell their home. Click here (PDF) or visit smartsale.com/sell-your-home for more information on how to start. Please note that you are not required to use SmartSale in order to sell your property.
