Home Affordable Foreclosure Alternatives Program (HAFA)

The Home Affordable Foreclosure Alternatives (HAFA) Program is a government-sponsored initiative overseen by the US Treasury Department and administered by Fannie Mae assisting all Home Affordable Modification Program (HAMP)-eligible homeowners in avoiding foreclosure, specifically through short sales and or deeds-in-lieu of foreclosure.

If you qualify for HAFA and your lender is participating in the program (see link below for participating banks), then you may consider applying for the HAFA program for your short sale.  If you don't qualify for HAFA, you can still apply for a short sale, but you will need to qualify based on individual bank's short sale guidelines.

• What is HAFA?

• Details of HAFA

• Who qualifies for HAFA? 

• Online HAFA eligibility check - Verify if you are eligible for HAFA

• Participating Banks

• Contact a HUD counselor

If you would like to apply for HAFA, contact Kevin Nakano.  He'll go over the HAFA qualifications and process with you from start to finish.  Please complete the online form and Kevin Nakano will follow up with you within one business day.

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