Sample Hardship Letter for Home Loan Modification

Below is a sample hardship letter for home loan modification. It should be written in formal business-letter style and sent by certified mail. 

Sample Hardship Letter For Home Loan Modification

Name of Homeowner
Address of Homeowner
City, State, Zip Code

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Name of Loan Officer
Name of Lending Institution
Address of Lending Institution
City, State, Zip Code

RE: Request a modification of my home loan due to financial hardship

Dear Name of Loan Officer:

I am writing to request a modification of my home loan. I have been a customer of your bank for 20 years and have always made my mortgage payments on time until recently. I am three months behind in my mortgage payments of AMOUNT per month.

The total amount I owe on my loan is AMOUNT. The reason I have not made payments for the past three months is because my husband was in a car accident and needed to be hospitalized for two weeks.

When he came home, I had to quit my job in order to care for him until he was able to bathe and dress himself. 

We used our savings to pay for the unexpected medical bills. I have enclosed a copy of the hospital bill that includes treatment, medication and doctor’s costs. 

I have started work again and have employed a personal injury lawyer who is willing to make a claim for my husband against the insurance company of the person who caused the accident through negligent driving. 

I believe our financial situation will be back to normal in about six months. We very much want to keep our home and have every intention of continuing the normal payments as soon as we can. 

I would like to request the payments be reduced by half the amount for the next six months starting now DATE, and ending on DATE. I would also like to request that the past three month be forgiven. 

We will start making regular payments again on DATE. I will abide by any measures you suggest to help me keep my home. 

Thank you for taking the time to consider my request. I can be reached at Phone Number or Email address if you have any questions. 


Signature of Homeowner
Printed Name of Homeowner
List of Enclosures: Medical papers