Managing the Loan

  • How to schedule for loan forgiveness. (Forgiveness)
  • What to do if your home is no longer your primary residence or you cannot complete the terms of your loan. (Payoff Request)
  • What to do if you wish to refinance your home. (Refinance)
  • What to do if you sell or refinance your home and want to pay off the balance of your loan. (Satisfaction)
  • What to do if you sell or refinance your home and want to keep your forgivable loan. (Subordination)

Managing the Loan

If you have a forgivable loan or anticipate obtaining a forgivable loan, this section will provide the information you need to manage your loan.

Understanding Your Loan

Forgiveness

The loan is forgiven over a five-year period.

Learn More Payoff Request

What to do if  you can't meet the terms of your loan.

Learn More Satisfaction

If you want to sell or refinance your home and pay off your loan.

Learn More Subordination

If you sell or refinance your home yet want to keep your loan.

Learn More
See eligibility guidelines