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Information and Resources on Foreclosures

Western is aware of the current economic environment and the impact this may have on our members. If you are faced with a challenging situation where you are unable to meet your mortgage obligation, please contact your lender as soon as possible for information about your possible options. These options are based on your individual situation and your lender's evaluation and you do not need to be delinquent or in default to discuss these with your lender. Your lender, however, upon evaluation of your financial status, has no obligation to accept or offer you these options.

Possible Options

  • Repayment Plan - The lender may accept an agreement to help you get current with missed mortgage payments by creating a schedule for repaying the past-due amounts.
  • Loan Modification - The lender may present an option to permanently change the terms of the mortgage to make payments more affordable. Example actions include an extension to the number of years on the loan, or change an adjustable interest rate to a fixed interest rate.
  • Forbearance - The lender may allow reduced or suspended payments for a short period of time, after which another option will be agreed upon to bring the loan current. A forbearance option is often combined with a repayment plan or modification to bring the account current at a specific time.

To ensure Western can give your request a fair evaluation, it is important that you have copies of the following documents to submit with your financial hardship application packet:

  • Two most recent pay stubs
  • Most recent W-2 tax statement
  • Most recent bank statement
  • A written statement explaining your financial hardship
  • A written financial statement detailing your income and expenses
  • Contact the Credit Union and request a financial hardship application packet

Contact Information

Western is your lender: 877-254-9328

If your Mortgage Loan is with another lender, please contact the lender directly.

Additional Resources

NCUA Savings federally insured to at least $250,000 by the NCUA, an Agency of the US Government. Equal Housing Lender We do business in accordance with the Federal Fair Housing and Equal Credit Opportunity Acts.
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