When you’re struggling to make your mortgage payments, a loan modification can provide much-needed relief.
However, the process of requesting a modification from your lender can feel overwhelming, especially when it comes to crafting an effective appeal letter.
That’s where these sample letters come in.
Use them as a starting point to compose your personalized appeal for a loan modification that gets results.
With the right approach, you can increase your chances of getting the help you need to stay in your home.
Sample Letters of Appeal for Loan Modification
Here are 15 sample letters you can reference when writing your loan modification appeal:
Sample Letter 1
Subject: Request for Loan Modification – [Your Name] – Loan #[Your Loan Number]
Dear [Lender],
I am writing to request a modification to my mortgage loan. Due to [briefly explain hardship], I am having difficulty making my current monthly payments of $[amount].
I have taken the following steps to attempt to resolve my financial hardship: [list 2-3 actions you’ve taken]. However, despite my best efforts, I am still struggling to keep up with my mortgage.
I am requesting a loan modification that would [explain the proposed modification, e.g., lower interest rate, extend loan term, etc.]. This modification would allow me to maintain my mortgage payments and remain in my home.
Please let me know what additional information you need from me to process this request. I am eager to work with you to find a mutually beneficial solution.
Sincerely,
[Your Name]
Sample Letter 2
Subject: Loan Modification Appeal – [Your Name] – Loan #[Loan Number]
To Whom It May Concern,
I am reaching out to appeal for a modification to my mortgage loan #[number]. Over the past [period], I have experienced [brief description of hardship] that has impacted my ability to make my mortgage payments in full and on time.
Despite [efforts you’ve made], my financial challenges persist. I am at risk of falling behind on my mortgage and potentially losing my home without additional assistance.
I am hoping we can work together on a loan modification plan that will ease my financial burden and allow me to get back on track. Potential options that could benefit my situation include [proposed changes].
Attached, please find supporting documentation of my hardship and finances. I am happy to provide any other information you need to process my appeal.
I greatly appreciate your consideration and look forward to finding a positive resolution. Please contact me at [your contact info] at your earliest convenience to discuss next steps.
Respectfully,
[Your Name]
Sample Letter 3
Subject: Application for Mortgage Loan Modification – [Your Address]
Dear Loan Modification Department,
I am the owner of the property at [your address] and the borrower on the associated mortgage loan through your institution, [lender name]. I obtained this [fixed/adjustable] rate mortgage on [date] in the amount of $[original amount], and my current monthly payments are $[current payment].
Beginning [approximate date hardship began], I experienced [brief description of hardship]. This has made it very challenging for me to afford my mortgage payment, on top of my other essential expenses.
To attempt to remedy my situation, I have [list 2-3 key actions taken]. Unfortunately, I am still struggling to make ends meet and am hoping for a modification to my loan terms.
I believe a loan modification that involves [1-2 proposed changes] would allow me to maintain my home and mortgage in good standing. I would be immensely grateful for your help in making this a reality.
I have attached [list documents] to verify my hardship and current financial situation. If you require any additional documentation, please let me know and I will provide it promptly.
Thank you very much for your time and consideration. I eagerly await your response and the opportunity to work together on a solution.
Sincerely,
[Your Name]
[Your Contact Information]
Sample Letter 4
Subject: Urgent Request for Loan Modification Assistance
To the Loan Modification Review Committee,
My name is [your name] and I am reaching out to request your immediate assistance with a modification to my mortgage loan #[your loan number].
I have lived at and faithfully paid the mortgage on my home at [your address] since [date of original loan]. However, starting in [month/year hardship began], I suffered [brief description of hardship circumstances] that severely impacted my household income.
I take my financial obligations very seriously and did everything in my power to maintain my mortgage, including [2-3 actions you took to attempt to resolve the situation]. However, my challenges have persisted. Without additional assistance in the form of a loan modification, I may soon be facing the devastating prospect of foreclosure.
I am willing to do whatever is necessary to get back on track, and believe a loan modification could be the key. I am particularly hopeful you will consider [proposed modification terms].
I have gathered all the necessary documentation to verify my current financial hardship, which I have attached here [or, will send in a follow-up email per your instructions]. Please let me know if there is anything else you need from me.
Your help in this matter is crucial to maintaining the roof over my family’s head. I sincerely appreciate your time and consideration of my request. Please contact me at your earliest opportunity to discuss a solution.
Respectfully yours,
[Your Name]
[Your Phone Number]
[Your Email Address]
Sample Letter 5
Subject: Loan Modification Appeal – [Your Loan Number]
Dear [Lender],
I am writing to request your help in modifying the terms of my mortgage loan #[your loan number]. I have been a loyal customer of [lender] since [year you got loan], but have recently encountered [brief explanation of hardship] that are making it difficult to continue paying my mortgage as it currently stands.
In an effort to proactively address this issue, I have already [actions you’ve taken to remedy the situation]. While this has helped some, I believe a loan modification is necessary to truly stabilize my finances and allow me to maintain my home.
I am requesting that you consider modifying my loan to [proposed loan terms], which would lower my monthly payments to a more manageable level given my current financial constraints. I am confident that with this adjustment, I can consistently make my payments in full and on time.
I have enclosed [list documents] that document my hardship and my overall financial picture. Please let me know if you require anything further to process my loan modification appeal.
My home means everything to me, and I am anxious to find a workable solution with your help. Thank you in advance for your consideration of my request and for working with me through this challenging time.
Warmest regards,
[Your Name]
[Your Address]
[Your Phone Number]
Sample Letter 6
Subject: Loan Modification Request – [Your Loan Number]
Dear [Lender],
I am contacting you to discuss the possibility of modifying my mortgage loan #[your loan number]. As a result of [brief description of hardship], I have found it increasingly difficult to make my mortgage payments on time.
In an attempt to avoid falling behind, I have [actions taken to resolve the issue]. However, it has become clear that I need additional assistance to fully address my financial challenges and avoid defaulting on my loan.
I would greatly appreciate it if you would consider modifying my loan by [proposed modification terms]. I believe this modification would give me the breathing room I need to catch up and remain current on my mortgage going forward.
I am committed to doing everything possible to honor my financial obligation and maintain the home I love. I am happy to provide any additional information or documentation you need to process this request.
Thank you for your attention to this matter. I look forward to hearing back from you and working together toward a mutually agreeable resolution.
Sincerely,
[Your Name]
[Your Address]
[Your Email]
[Your Phone Number]
Sample Letter 7
Subject: Hardship-Based Loan Modification Application
To Whom It May Concern:
I am writing to formally request a modification to my mortgage loan, account #[your account number], based on financial hardship. I have been struggling to make ends meet since [approximate date hardship began] due to [brief description of hardship circumstances].
I have exhausted all other avenues for remedying my financial situation, including [actions you’ve taken]. At this point, I fear I will lose my home without immediate intervention in the form of a loan modification.
I am proposing a modification that would [proposed modification terms]. I believe this would allow me to consistently make my payments while managing my other essential expenses.
I have attached proof of hardship along with a detailed financial worksheet. Please contact me if you require any further documentation to process my request. My home is my family’s haven and I am eager to find a solution that allows us to keep it.
Thank you for your consideration of my application during this challenging time. I hope to hear from you soon and am grateful for any assistance you can provide.
Respectfully,
[Your Name]
[Your Address]
[Your Email]
[Your Phone Number]
Sample Letter 8
Subject: Requesting Assistance via Loan Modification
Dear [Lender],
I am the borrower on mortgage loan account #[your account number]. I am reaching out because I am currently experiencing a financial hardship that has severely impacted my ability to make my mortgage payments.
My hardship began on approximately [date] as a result of [description of hardship]. Since then, I have made every effort to cut costs and increase my income, but unfortunately, my challenges persist.
I am hopeful that I may qualify for a loan modification to ease my financial burden and avoid missed payments or default. Specifically, I am requesting [proposed modification terms].
I have attached a detailed letter outlining my hardship along with supporting financial documentation. However, if there is any additional information I can provide to enable you to process my request, please let me know.
I understand that a loan modification is not guaranteed, but I am anxious to work with you however I can to find a solution that works for both of us. I am deeply committed to staying in my home and maintaining my mortgage in good standing.
Thank you very much for your time and attention. I appreciate in advance any assistance you can offer.
Sincerely,
[Your Name]
[Your Contact Information]
Sample Letter 9
Subject: Loan Modification Request – [Your Name], Loan #[Your Loan Number]
To the Loan Modification Department:
My name is [your name] and I am writing regarding my mortgage, loan #[your loan number], which I have had since [date you took out mortgage]. I have made steady, on-time payments for [length of time], but recently I have encountered some financial difficulties that necessitate a request for modification.
The primary reason for my hardship is [brief description of the main issue]. Additionally, [additional reason if applicable]. I have done my best to navigate this challenging time by [1-2 actions taken], but unfortunately, I am still struggling to make my mortgage payment as it currently stands.
I am respectfully requesting a modification to my loan terms, specifically [proposed modification terms]. I believe this would enable me to avoid default and make my payments consistently.
In addition to this letter, I have attached [list of documents] as evidence of my hardship and financial situation. Please let me know if you need anything else from me as you review my request.
My goal is to work with you to find an agreeable path forward that allows me to fulfill my obligation and remain in my beloved home. Thank you for your consideration, and I hope to hear from you soon.
Regards,
[Your Name]
[Your Phone Number]
[Your Email Address]
Sample Letter 10
Subject: Loan Modification Appeal – [Your Address]
Dear [Lender],
I am reaching out concerning my mortgage loan on my primary residence at [your address]. I obtained this loan in [date of origination] and have made a concerted effort to make steady, on-time payments ever since.
However, beginning in [month/year], I experienced a significant hardship when [brief description of what happened]. As a result, my income took a substantial hit and I have struggling more and more to maintain my mortgage payments along with covering my family’s essential expenses.
That is why I am appealing to you for a modification to my mortgage loan. I am proposing [1-2 proposed changes] which I believe will enable me to get back on track and avoid missing payments or going into default.
I am fully committed to fulfilling my obligation, but I need some assistance to effectively do so in light of my changed financial circumstances. I am hoping you will consider working with me to find a mutually beneficial solution during this challenging time.
Attached please find documentation of my hardship and current financial situation. Please reach out if you need any additional information from me.
I am eager to discuss a potential modification in more detail at your earliest convenience. Thank you for your consideration of my request.
Sincerely,
[Your Name]
[Your Phone Number]
[Your Email Address]
Sample Letter 11
Subject: Request for Loan Modification Review – Loan #[Your Loan Number]
To Whom It May Concern:
I am writing to you as the borrower on mortgage loan #[your loan number] to request your urgent review and consideration for a loan modification.
I have been impacted by a financial hardship that began on [approximate date] when [brief description of what happened]. This has drastically reduced my household income and impacted my ability to keep up with my current mortgage payment of [amount] per month, despite my best efforts.
I have already [key actions taken to try to resolve the situation], but my hardship has continued and at this point, I fear falling behind on my mortgage without a modification to my loan terms.
I would sincerely appreciate your review of my situation and consideration of a modification that would [proposed changes]. I believe this would lower my payments enough to enable me to manage all of my financial obligations successfully.
In addition to this letter, I have included thorough documentation of my hardship and current financial situation. However, please let me know right away if you require anything additional to process my request.
I am fully committed to working with you in good faith to find a workable solution, and am grateful for your assistance during this difficult time. Please contact me at your soonest opportunity to discuss next steps.
Warmest Regards,
[Your Name]
[Your Address]
[Your Email]
[Your Phone Number]
Sample Letter 12
Subject: Hardship-Based Loan Modification Request – [Your Name]
Dear Loan Modification Specialist,
I am submitting this letter to formally request a modification to my mortgage based on financial hardship. My loan number is [your loan number] for the property at [your address].
My hardship began [approximate date] when [brief description of circumstances]. This has led to a [dollar amount or percentage] reduction in my monthly household income, from [previous income] to [current income].
I have made every effort to cut my expenses and keep up with my mortgage payments, including [two actions taken]. However, it has been a huge struggle to make ends meet and I am deeply worried about falling behind on my mortgage and losing my home.
I would be immensely grateful for your consideration of a modification to my loan terms that would [proposed changes]. I believe this would relieve some of the intense financial pressure I am under and allow me to avoid default.
I am enclosing [list documents] to verify my hardship and current financial situation. If you need any additional information or have any questions, please do not hesitate to contact me.
I know this request process takes time, but I would sincerely appreciate any expediting of my application that may be possible. Having a secure home for myself and my family is my top priority and I am eager to work towards a solution.
Thank you very much for your consideration,
[Your Name]
[Your Phone Number]
[Your Email]
Sample Letter 13
RE: Modification Request – Loan #[Your Loan Number]
To the Loan Modification Department,
I am writing to request a modification for my mortgage loan #[your loan number]. As the borrower and resident of the property at [your address], I have made a dedicated effort to consistently make my payments on time since purchasing in [year].
However, in [month/year] I experienced the following hardship: [description of what happened]. As a result, my monthly income decreased by [dollar amount or percentage], making it extremely difficult to continue making my mortgage payment of [amount].
I have gone to great lengths to resolve the situation on my own by [actions taken] but unfortunately, I am still experiencing a financial shortfall. I worry that without a modification to my loan terms, I will soon fall behind on my payments.
I am hopeful that you will consider modifying my loan by [proposed changes]. This would make a huge difference in my ability to manage my mortgage payments and avoid default as I work to improve my overall financial picture.
I have attached documentation to verify my hardship and current financial situation. Please let me know if you require any additional information as you review my request.
I understand that loan modifications take time to process, but I would be deeply grateful for any efforts to expedite my application. My home is my family’s haven, and I am fully committed to finding a path forward that enables us to stay here.
Thank you in advance for your attention to my circumstances. I look forward to discussing potential solutions with you further.
Sincerely,
[Your Name]
[Your Contact Information]
Sample Letter 14
Subject: Loan Modification Application – [Your Name]
Dear [Lender],
I am writing to apply for a modification to my mortgage loan, account #[your account number]. I have been struggling to make my monthly payments since [date hardship began] as a result of [brief description of hardship].
My income has [decreased/been impacted] by [dollar amount or percentage] due to this hardship. I have tried to address the situation by [actions taken] but unfortunately, my difficulties have persisted. At this point, I am facing the very real possibility of missing mortgage payments or going into default without some form of assistance.
I am requesting that you modify my loan terms by [proposed modification]. I believe this would enable me to successfully manage my payments until my financial situation stabilizes.
To verify my current hardship and financial status, I have attached [list documents]. Please contact me right away if you need anything further to process my modification application.
I bought my home in [year purchased] and have been a responsible borrower, making my payments in full and on time for [length of time]. I am committed to continuing to meet my obligations but need some additional support to do so at this time.
Thank you very much for your consideration of my modification request. I am eager to find a solution that works for both of us and allows me to remain in my treasured home.
Best regards,
[Your Name]
[Your Address]
[Your Email]
[Your Phone Number]
Sample Letter 15
Subject: Appeal for Mortgage Loan Modification
To Whom It May Concern:
My name is [your name] and I am the borrower on mortgage loan #[your loan number] for my primary residence at [your address]. I am writing to appeal for your consideration of a modification to my loan terms.
Since [date hardship began], I have been impacted by [brief description of hardship]. This has caused my household income to [decrease/become unstable], dropping from [previous monthly income] to [current monthly income]. As a result, I have found it more and more of a struggle to afford my current mortgage payment of [amount] per month.
I have diligently tried to resolve the situation and cut costs where I can, including [actions taken]. However, my hardship has continued unabated. I am very worried that without some form of relief, I will become delinquent on my mortgage payments.
I would sincerely appreciate your review and approval of a loan modification that would [proposed changes]. I believe this would alleviate some of the acute financial stress I am under and allow me to avoid falling behind on my mortgage.
I have collected and attached here [list documents] as evidence of my hardship and financial circumstances. If there is anything else you need from me to process this appeal, please let me know immediately and I will get it over to you.
Staying in my home is of the utmost importance to me and I am willing to work with you however I can to make that a possibility. Thank you for your consideration of my request. I hope to hear from you soon to discuss potential remedies during this challenging time.
Respectfully,
[Your Name]
[Your Phone Number]
[Your Email Address]
Conclusion: Final Thoughts on Appeal Letters for Loan Modification
Remember, while these sample letters provide a helpful framework, it’s important to personalize your appeal based on your unique circumstances.
Be specific, honest, and direct in explaining your hardship and need for assistance.
By putting your situation in clear, human terms, you’ll have the best chance of getting the loan modification you need.
Stay hopeful and persistent in advocating for yourself – with the right approach, you can get the help you need to keep your home and get back on solid financial footing.