Get Mortgage Assistance
If you’re experiencing financial hardship, we’re here to help. Our team is ready to work with you toward a solution. To get started, complete the application below.
Support When You Need It Most
If you’re struggling with mortgage payments, Lake Ridge Bank offers guidance and solutions to help you stay on track.
Flexible Assistance Options
Explore loan modifications, repayment plans, and other relief programs based on your needs.
Personalized Support
Work directly with a mortgage specialist who understands your situation and can walk you through next steps.
Clear Application Process
Access the required forms online and get help submitting a complete, accurate request.
Committed to Your Success
Our goal is to help you find the best path forward and avoid foreclosure whenever possible.
Stay In Your Home
Reinstatement
What it is: A one-time lump-sum payment that covers all past due amounts.
Why it helps: Brings your mortgage current immediately if you have the full amount available.
Repayment Plan
What it is: Past due amounts are spread out over time and added to your regular monthly payments.
Why it helps: Lets you catch up gradually without needing a large lump-sum payment.
Forbearance Plan
What it is: Temporarily reduces or pauses your payments for a set period (e.g., six months).
Why it helps: Gives you time to recover financially and may lead to another option, like a loan modification.
Loan Modification
What it is: Permanently changes your loan terms after a successful three-month trial plan.
Why it helps: Brings your loan current and typically lowers your monthly payment to make it more manageable.
Deciding To Sell
Short Sale
What it is: You sell your home for less than what you owe, and the sale proceeds go toward your mortgage balance.
Why it helps: Lets you avoid foreclosure and transition out of your home. Remaining debt may be forgiven, though tax consequences may apply—consult a tax advisor.
Mortgage Release (Deed-in-Lieu of Foreclosure)
What it is: You voluntarily transfer ownership of your home to the bank in exchange for relief from some or all of your mortgage debt.
Why it helps: Offers an alternative if you’re unable to sell the home. Remaining debt may be forgiven, but tax implications may apply—consult a tax advisor.
More Ways We Can Help
Refinancing
If you’re struggling with your current loan terms, refinancing may help you lower your monthly payments or adjust your rate.
Home Equity Loans & Line of Credit
For homeowners with available equity, a home equity loan could provide funds to cover expenses and reduce financial strain.
Personal Loans
If you’re facing unexpected costs or need short-term support, a personal loan offers flexible funding without tapping into your home equity.
Online Banking
Stay on top of your mortgage, bills, and balances with online banking tools that help you stay organized and avoid missed payments.
How to Build a Good Credit Score
Smart Budgeting for College Life: How to Budget on a College Income
CEO Insights: Technology Should Make Banking Feel More Human, Not Less
