Recent clarification on the Home Affordable Modification Program
To be eligible for the loan modification program under Obama’s new stimulus package the criteria included the maximum loan amount for a single unit which was set at $729,750.
Recent information now states that the maximum loan amounts for 2, 3 and 4 unit homes has been set as follows: -
- $934,200 for a 2 unit home
- $1,129,250 for a 3 unit home
- $1,403,400 for a 4 unit home
