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Notice for Struggling SNAP Financial Access Home Loan Borrowers:

See below for assistance options that may be available to you.

Mortgage Assistance Options

There are several options available that you may be eligible for, including:

Refinancing your mortgage to extend the repayment period and/or reduce the interest rate to lower your monthly payments.
Modification of your current mortgage to make your payments more affordable.
Surrendering your deed to us voluntarily.
A special forbearance from SNAP Financial Access based on your current
circumstances.
Selling your home to repay your mortgage in full. If your home’s value is less than your outstanding loan balance, we may be willing to accept the amount of your home sale as full payment. This is known as a short sale.

Required Documentation

To explore these options, give our Mortgage Department a call at 509-456-7627. Please be sure to have the following documents ready to help us evaluate your eligibility:

Two most recent pay stubs (or other proof of income, such as SSI payments or retirement income).

Two most recent statements from all bank or credit union accounts.

Most recent tax return and all supporting documentation.

Hardship letter explaining why you are unable to make your payments.

A list of your monthly expenses.

We may require additional documentation of your expenses.

We may require additional information to properly evaluate your qualifications for these programs.

Other Resources

To find a certified housing counseling agency, call:

Washington State Department of Financial Institution’s Foreclosure Hotline: 877.894.HOME (4663) or visit their website.

US Department of Housing and Urban Development: 800.569.4287 or visit their website.

Sericemembers Civil Relief Act

In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W. Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury.gov.

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Free Accounting for Entrepreneurs Workshop 12/14

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Mortgage Assistance Options

Required Documentation

Other Resources

Free Accounting for Entrepreneurs Workshop 12/14

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