The federal government offers many programs to aid homeowners and home buyers through the mortgage and foreclosure processes. However, there are no government grants for mortgage assistance, or for any personal purpose other than education.
Information
The federal government offers mortgage information and referral services through the U.S. Department of Housing and Urban Development (HUD). HUD's website includes a page called "Avoiding Foreclosure" with links to foreclosure avoidance counselors, state and local foreclosure resources and the Homeownership Preservation Foundation. The page also contains information on scams, refinancing and what to do if foreclosure is unavoidable.
Types
HUD financial services for homeowners include loan guarantees, mortgage insurance and federal income tax credits for home buyers. Their Making Home Affordable program can help you to work with your lender to refinance your existing mortgage.
Aid
Hope for Homeowners is a program offering mortgages for owners at risk of losing their primary residences. You may be able to refinance your existing mortgage into a new one through this program.
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