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Foreclosure Relief

BlueHub SUN: Mortgage Lending for Families Facing Foreclosure

BlueHub SUN is not your regular mortgage program.

We help families who are facing foreclosure stay in their homes—as homeowners. We don’t give away money: we work together with homeowners to save their homes and build financial health for a brighter future. That’s why we invest in people to make a difference.

How do we do it?

We refinance or buy homes in foreclosure and sell them back to their original homeowners with new mortgages they can afford. SUN offers clients a second chance to regain their financial footing and save their homes for good. But that second chance isn’t free. SUN homeowners make a commitment to pay their mortgage on time and in full so we can continue operate the program. Most SUN homeowners have a shared appreciation mortgage—a second mortgage you pay only if your home increases in value. Watch these videos to learn more.

GET STARTED      ACCESS AN EXISTING APPLICATION

Questions? Call 855.604.HOME.

Is BlueHub SUN for you?

If you qualify, and if you’re willing to do what it takes, you may be able to work with BlueHub SUN.

To apply, you have to:

  1. Be late on your mortgage payments, going through foreclosure or facing eviction due to foreclosure.
  2. Have a stable income, like a job, Social Security, a pension or disability payments.
  3. Live in:
    • Connecticut
    • Delaware
    • Illinois
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • Ohio
    • Pennsylvania
    • Rhode Island
    • Wisconsin

There is no fee to inquire or apply. You may be eligible even if you have multiple loans, poor credit, or a recent bankruptcy. If you have an upcoming foreclosure sale date, you may still be eligible.

GET STARTED      ACCESS AN EXISTING APPLICATION

What Makes SUN Different

We specialize in working with families who are in default or foreclosure to avoid eviction.

That means our mortgages are different from what you would get at a bank. Here are some important things to understand about what we offer:

  • We don’t require a minimum credit score.
  • We don’t require a down payment.
  • Our process takes longer than getting a typical mortgage because our team negotiates with your lenders—it could take several months to a year before this process is completed.
  • You may have a shared appreciation mortgage—a second mortgage you pay only if your home increases in value.
  • Your interest rate may be higher than the rates you see advertised by regular mortgage lenders because regular mortgage lenders usually require better credit than SUN clients have.
  • Mortgages come with a Capital Reserve Account—a way to help you save your money for home repairs or emergencies. Watch the video "Spotlight on SUN: Preserving your investment" for more information about the Capital Reserve Account.
  • You may want to refinance out of your SUN mortgage as soon as you can because once your credit score improves you may become eligible for lower interest rates in the conventional mortgage market. A SUN mortgage is just one step on your path to financial health. Watch the video "Spotlight on SUN: The way forward" to learn more about refinancing.

Learn more in our Homeowner Info Center

We partner with people to save their homes for good

960

Mortgage loans made to families facing foreclosure or eviction

$244

Average savings on monthly payments over past five years

$58,600

Average savings on mortgage principal over the past five years

$50M

Approx. amount of wealth put back into the community through our mortgage lending

$602

Average savings on monthly payments over life of the program

$92,800

Average savings on mortgage principal over life of the program

Contact us

Call us TOLL-FREE AT 855.604.HOME or complete our inquiry form.

Para mayor información sobre como aplicar al programa llame al numero 855.604.HOME (llamada gratuita), tenemos personal bilingüe especializado que responderá sus preguntas.

Under the Equal Credit Opportunity Act, it is illegal to discriminate in any credit transaction:

Deny a loan for the purpose of purchasing, constructing, improving, repairing or maintaining a dwelling, or to deny any loan secured by a dwelling; or discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan, or in appraising property.

If you believe you have been discriminated against, send a complaint to:

Consumer Finance Protection Bureau
1700 G Street
Washington, DC 20552

1-855-411-2372 (voice), 1-855-729-2372 (TTY)
More than 180 languages available

Under the Federal Fair Housing Act, it is illegal, on the basis of race, color, national origin, religion, sex, handicap, or familial status (having children under the age of 18) to:

Deny a loan for the purpose of purchasing, constructing, improving, repairing or maintaining a dwelling, or to deny any loan secured by a dwelling; or discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan, or in appraising property.

If you believe you have been discriminated against, send a complaint to:

Assistant Secretary for Fair Housing and Equal Opportunity

Department of Housing and Urban Development

Washington, DC 20410

1-800-669-9777 (voice), 1-800-927-9275 (TTY)

For processing under the Federal Fair Housing Act

Our foreclosure relief impact