What the program provides
This is a private loan secured by a lien recorded against the home, not a grant or government program. If approved, funds are usually paid directly to the mortgage servicer to address past-due payments. In some situations, some funds may be paid directly to the homeowner. The amount and use of funds depend on the individual review and written agreement.
The program review is based on available home equity, not a minimum credit score or income requirement. Property and case details still matter. Residential Capital, LLC has helped hundreds of homeowners over the past 10 years.
Payments, costs, and repayment planning
Regular payments are typically not due immediately, and homeowners may make payments if they choose. The loan is secured by a recorded lien. The signed documents control the lien details, costs, payment obligations, repayment date, and other terms.
Costs vary by situation and are explained and disclosed in writing before you sign. Read the proposed loan and lien documents carefully and ask questions so you understand the costs, repayment terms, and what happens if the loan is not repaid as agreed.
There is usually a checkpoint after about one year to discuss a repayment strategy. Depending on the homeowner’s circumstances and current rates, a strategy may involve a HELOC, another second mortgage, or refinancing. These are possibilities to explore, not guaranteed approvals or outcomes.
What happens after you contact us?
- Submit the inquiry form with your name, Idaho property address, approximate arrears, mortgage balance or balances, and a way to reach you.
- We typically reach out the same day. The first step is to review a current mortgage statement so we can understand the amount past due and the loan balance. We will explain how to provide it.
- Initial decisions are usually made within a day or two after we receive the information needed to review the situation. If a foreclosure sale is scheduled, tell us the date right away. Residential Capital, LLC has helped homeowners complete same-day mortgage cures that stopped scheduled sales. Whether that is possible depends on the amount needed, available home equity and funds, servicer requirements, and time remaining.
Most reviews are handled remotely. An in-person meeting may be possible depending on where you are in Idaho.
What to gather for an initial review
- Your name and the address of the Idaho property.
- The approximate amount past due on your mortgage.
- The approximate balance of your first mortgage and any second mortgage.
- A current mortgage statement, which we will request after you submit an inquiry.
Estimates are fine for the initial form. Do not enter Social Security numbers, mortgage account numbers, or sensitive documents in the website form.
Request a private review
Use the Keep Your Home Idaho inquiry form to start the conversation. It is operated by Residential Capital, LLC, a private company, and is not a government agency or mortgage servicer. Costs, availability, lien details, and repayment terms depend on individual review and the written documents.
You may also email [email protected].