My husband left active duty military and went back to the reserves. We took a 3,000 dollar a month paycut and are having trouble making our mortgage payments. We’ve had the house for 2 years and it’s a VA loan. Are there any mortgage payment assistant programs to people like us here in Colorado? We are trying to avoid foreclosure at all costs. If we could get help with the payments until it sells (houses aren’t selling in our neighborhood right now) we could avoid a big headache for us in the future. Anywhere we can turn to?

Yes, but only for the banks. They offer the banks incentives to modify your mortgage to a point. However, if you simply bought more house than you can reasonably afford, these programs are not meant to benefit you. Someone making $50,000 will not be entitled to stay in their $500,000 house that they financed with a “liar loan”. Ask your specific lender for details

I am not sure where to start on trying to get a loan modification so my home does not go into foreclosure. Are there any free programs or agencies that can help me get started?