Skip to main content

What is forbearance?

Forbearance is when your servicer allows you temporarily to pay your mortgage at a lower rate or temporarily to stop paying your mortgage. 

Your servicer may grant you forbearance if, for example, you recently lost your job, suffered from a disaster, or from an illness or injury that increased your health care costs. Forbearance is a type of loss mitigation.

If you are unemployed, you may qualify for assistance under Hardest Hit Fund programs that grant temporary relief to homeowners who have lost their jobs. The deadlines to apply for assistance under the Hardest Hit Fund programs vary by state

For help in exploring your options reach out to a housing counselor. Use the CFPB's "Find a Counselor" tool to get a list of counseling agencies approved by the Department of Housing and Urban Development (HUD). You can also call the HOPE™ Hotline, open 24 hours a day, seven days a week, at (888) 995-HOPE (4673).

Take the next step

Tell your story

Tell us your story, good or bad, about your experience with consumer financial products.

Was this answer helpful to you?

Please do not share any personally identifiable information (PII), including, but not limited to: your name, address, phone number, email address, Social Security number, account information, or any other information of a sensitive nature.