Entertainment Love and Romance Mortgage Assistance for Single Mothers Stop Foreclosure Program Offers Mortgage Assistance for Single Mothers Share PINTEREST Email Print Love and Romance Divorce Relationships Sexuality Teens LGBTQ Friendship By Jennifer Wolf Communications Director Seattle Pacific University Jennifer Wolf is a PCI Certified Parent Coach and a strong advocate for single moms and dads. our editorial process Twitter Twitter LinkedIn LinkedIn Jennifer Wolf Updated February 18, 2017 Do you need to stop a foreclosure? Look for programs that offer mortgage assistance for single mothers. The U.S. several refinancing and loan modification programs to help families avoid foreclosure. These programs are designed to help you and your kids stay in your current home. While they aren't exclusive to single parents, they're available if you qualify. If you're having trouble making your mortgage payment, these stop foreclosure programs can help. Before you give up in frustration, consider the following mortgage assistance for single mothers: Mortgage Assistance for Single Mothers Photo © Rob Daly/Getty Images Perhaps your mortgage payment is currently up-to-date, but you anticipate falling behind in the future, due to income and/or child support reductions. To further complicate matters, dropping home values may prevent you from being able to sell your home for more than you currently owe the bank. This is called being "upside down" in your mortgage. When you're in this situation: Consider refinancing your mortgage through the government's "Making Home Affordable" refinancing program.Be cautious when considering "no closing costs" refinancing options, which tack on the closing fees onto the balance of the loan. These programs typically cost the borrower more money over the life of the loan. To learn more, read The Truth About No Closing Cost Loans. Stop Foreclosure Program Photo © fstop123/Getty Images If you've already fallen behind on your mortgage, it's still possible to stop foreclosure mid-process. The following mortgage assistance tips for single mothers can help. If you've recently suffered a significant hardship—such a divorce, job loss, or medical crisis—and your mortgage payment is more than 1/3 of your gross monthly income, you may be eligible for a loan modification through the government's "Making Home Affordable" program.In addition, contact your lender to inquire whether they would consider modifying your existing loan. For example, lenders can assist homeowners by lowering interest rates, extending the terms of the loan, or by reducing the principal on the loan. In many situations, these types of accommodations are actually less costly to the bank than foreclosure proceedings.