Frequently Asked Questions

Home Solution Providers, LLC offers a range of services including mortgage loan modifications, credit repair, personal or business funding, and housing stabilization services.

Home Solution Providers, LLC has been in business for 18 years.

Yes, you can be denied a loan modification on your mortgage. There are a number of reasons you may be denied, including an incomplete application, inability to afford a modified payment or insufficient demonstration of a hardship. Remember, you can appeal a denied loan modification by contacting your servicer within 14 days of the denial. The servicer then must respond in writing within 30 days. 

 Not everyone qualifies for a loan modification. Generally, you need to:

• Be delinquent on your mortgage payments or in danger of defaulting.
• Demonstrate a financial hardship (e.g., job loss, illness).
• Send in all required application materials to your servicer.
• Complete a trial period to show you can afford a new monthly payment and pay on time.

Yes, you still have a mortgage to pay back — it has just been modified from the original version with different terms that make that loan more affordable. 

Yes, it may be possible to get a second loan modification if you are having difficulty making payments on your mortgage.

The loan modification process can take anywhere from 30 days to a year or longer. When you first contact your mortgage servicer to ask about a modification, ask how long the process usually lasts. You can do your part to avoid a slowdown by filling out the application correctly and thoroughly and including all requested documents. 

Your servicer will provide specific instructions on how to fill out a loan modification application. You will likely need to include information about your income, expenses, assets and liabilities. You will also have to include proof of hardship or a letter about your financial circumstances. 

While we review each submission on a case-by-case basis, approved applicants typically have a 640 FICO personal credit score, at least two years time-in-business, and make $20,000 - $30,000 in monthly revenue.