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A Basic Guide to Veteran Mortgage Relief Options

by The Mezini Team 06/22/2022

If you have a VA loan, the U.S. government has options in place to assist you in case of financial hardship. There are multiple programs available to help you avoid late payments and foreclosure if your mortgage meets eligibility. Here are the major veteran mortgage relief options to know:

Refund Modification

A refund modification affects the principal and interest on your existing VA loan. This option allows the Department of Veteran Affairs to purchase any past-due payment and principal loan balance, given the amount falls within certain limits. Refund modification can result in an overall reduction of both principal and interest by up to 20%.

Partial Claim Option

A partial claim program helps cover you in a scenario where you can make current payments, but have accrued a past-due balance. With a partial claim option, you can resume your regular monthly payments again as soon as you're financially able, while any unpaid late payments are taken over by the VA. You'll owe the amount at the end of the mortgage, but it will not accrue interest while the VA holds it.

Loan Deferment

Loan deferment is one of the simplest mortgage relief options available to veterans. A loan deferment creates an agreed-upon period when you don't have to make regular payments on either principal or interest. It's essentially a "pause" on your mortgage until the end of the deferment period, without any interest accruing during the deferment time.


Loan forbearance is very similar to deferment with one crucial difference. If you receive loan forbearance, you can pause making your mortgage payments for an agreed-upon time period, but interest will continue to build. While forbearance can be an excellent way to mitigate financial hardship in the short term, it can sometimes result in paying higher than the original required amount due to the continuing interest.

All of these options are great ways to avoid foreclosure and late mortgage payments. Remember these programs if you need mortgage relief.

About the Author

The Mezini Team

  After a short stint as a litigation attorney, Femion joined Buyers Brokers Only, LLC in May 2009. His approach of not selling his clients on a particular property but, instead, helping them make educated decisions has resulted in a growing customer base, including repeat clients and an extensive network of referrals. Femion works diligently to help his clients get the property they want under the best possible terms while making the property-buying process as smooth and stress-free as possible.
Femion had a stellar 2021, helping dozens of clients reach their real estate goals. Individually, Femion exceeded $52 million in gross sales while maintaining his clients' exemplary reviews, making him the number one exclusive buyer broker in the country.  
Attorney Michael Lord has recently joined Femion to form The Mezini Team. Together, the team will expand coverage of the Greater Boston real estate markets, decrease response time to client inquiries, and provide an overall more efficient service for their clients. Their team will work tirelessly to maintain the level of customer service that has made Femion the top exclusive buyer agent.