Mortgage Payment Assistance

Facing Financial Issues?

Important Information for United Business Bank Home Loan clients regarding Foreclosure Relief

If you are behind on your United Business Bank loan secured by your home, or if you are concerned that you may fall behind, please contact us. It's important to work closely with the Bank during this difficult time.

If you cannot afford your monthly Mortgage payments or your Home Equity Line of Credit payments and wish to avoid foreclosure, you may be eligible for a loan "workout" or modification. We determine eligibility for loan "workouts" on a case-by-case basis. Among other things, we will consider the value of your property and your ability (based on your current income) to make monthly Mortgage payments in accordance with the "workout". If you are interested in exploring any of the options listed above, you will need to provide us with certain financial information, including the following:

 

1. your most recent pay stub

2. list of current monthly expenses

3. your most recent tax return

4. bank statements

5. a current valuation of your property, if available (such as an appraisal)

6. your current financial statement

 

For additional information or to discuss your options and the best available solution for you, please call us toll-free at 1.800.734.6888 during normal business hours to reach a United Business Bank employee. You may also contact the Department of Housing and Urban Development (HUD) to find a HUD-certified housing counseling agency by calling them toll-free at 1.800.569.4287. Additional information is made available by HUD on its website at http://www.hud.gov.