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Avoid Foreclosure

Experiencing a financial hardship?

If you are unable to afford your mortgage or home equity payments, but want to avoid foreclosure, PCFCU can assist you with finding workable solutions. There are many options that may be available to you depending on the type of loan you have with PCFCU.

  • You may be able to refinance your loan, extending the repayment period, and/or reducing the interest, thereby lowering the payments;
  • PCFCU may be able to modify your loan, to make your payments more affordable;
  • PCFCU may be able to provide you with special forbearance, in light of your current circumstances;
  • You may be able to sell your home and repay your mortgage/home equity loan in its entirety. If your home’s value is less than your outstanding loan balance, PCFCU may be willing to accept less money than you owe and develop a repayment plan for the remaining amounts due.

PCFCU IS WILLING TO EXPLORE EVERY POSSIBLE OPTION BUT PLEASE DON’T WAIT. CONTACT OUR DEDICATED TEAM AS SOON AS YOU REALIZE THAT YOU ARE UNABLE TO MAKE YOUR PAYMENTS.

Mortgage Loan

PCFCU Mortgage Loan

Call toll-free 800-426-1601 x4708. In order for us to evaluate your eligibility for these options, please have the following documents available:

  • Hardship letter explaining why you are unable to make your payments
  • Recent paystubs or other proof of income (such as social security or retirement income)
  • Recent statements from all credit union, bank or brokerage accounts
  • Most recent IRS tax return and all supporting documentation
  • List of monthly obligations

You may be required to provide additional documentation depending on your situation

Home Equity Loan

PCFCU Home Equity Loan

Call 800-426-1601 x4707 or you may email us at [email protected] In order for us to evaluate your eligibility for these options, please have the following documents available:

    • A Personal Budget
    • Recent paystubs or other proof of income (such as social security or retirement income)
    • Recent statements from all credit union, bank or brokerage accounts

You may contact the U.S. Department of Housing and Urban Development (HUD) at 800-569-4287 to find a HUD-approved housing counseling agency and the Washington Homeownership Information Hotline at 877-894-4663.

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