How to Write Sample Hardship Letters to Modify a Home Loan


Sample letters explaining your financial hardship can help if you need to modify a home loan. Here are some basic steps for requesting a lending institution to modify a home loan using sample hardship letters.

  • First before writing your sample letters, determine what hardship requirements are necessary for your lender to modify your home loan.

  • Second provide in your letters to your lender sample information regarding your financial situation leading to your hardship including date of onset, reason or explanation, period of time expected before situation improves, as well as inability to meet minimum home loan payment requirements.

  • Third provide information in your hardship letters concerning the current financial status of your home loan and if able to pay it up to date prior to a request to modify, do so.

  • Fourth provide in your letters, a sample of your gross monthly household income and total monthly debt including principle, interest, taxes, insurance, etc. for the lender to perform a DIT (Debt to Income) Ratio to determine if you are qualified for a program to modify for home loan.

  • In closing explain in your sample hardship letters that you would like to resolve this matter as soon as possible to resume a home loan plan that would allow you to continue payment and avoid foreclosure.

Tips & Warnings

  • Be as accurate and detailed when including loan information in your hardship letters.
  • Research the guidelines for home loan modification prior to sending your hardship letters.
  • Photo Credit flickr
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