--- title: Hanscom FCU Offers Mortgage Forbearance Program description: Hanscom FCU is offering a forbearance program on 1st and 2nd mortgages during the covid-19 pandemic. image: https://go.hfcu.org/hubfs/Untitled%20design%20(80).jpg --- [![MoneyWisdom_HFCU_r2](https://go.hfcu.org/hs-fs/hubfs/MoneyWisdom_HFCU_r2.png?width=464&name=MoneyWisdom_HFCU_r2.png "MoneyWisdom_HFCU_r2")](https://go.hfcu.org/blog) Filter by Category** - [Show All](https://go.hfcu.org/blog) - [Security](https://go.hfcu.org/blog/topic/security) - [Personal Finance](https://go.hfcu.org/blog/topic/personal-finance) - [Auto](https://go.hfcu.org/blog/topic/auto) - [Business](https://go.hfcu.org/blog/topic/business) - [Credit Score](https://go.hfcu.org/blog/topic/credit-score) - [Home](https://go.hfcu.org/blog/topic/home) - [Credit Cards](https://go.hfcu.org/blog/topic/credit-cards) - [Life Changes](https://go.hfcu.org/blog/topic/life-changes) - [Insurance](https://go.hfcu.org/blog/topic/insurance) - [Investments](https://go.hfcu.org/blog/topic/investments) Filter by Category** - 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[dormant account (1)](https://go.hfcu.org/blog/topic/dormant-account) - [inactive account (1)](https://go.hfcu.org/blog/topic/inactive-account) # Hanscom FCU Offers Mortgage Forbearance Program ** [Hanscom Federal Credit Union](https://go.hfcu.org/blog/author/hanscom-federal-credit-union) ** Apr 01, 2020 ![small house in hands mortgage forbearance](https://go.hfcu.org/hubfs/Untitled%20design%20(80).jpg) Hanscom FCU has instituted a 3-month mortgage forbearance program for its first mortgage and second mortgage/home equity line of credit (HELOC) holders to help qualified members who are suffering financial hardships because of the COVID-19 pandemic. "We know many of our members are experiencing job losses, reductions in work hours, illnesses, and other issues that have a critical impact on their finances," said Dan Picard, Hanscom FCU's VP of consumer lending and collections. "We want them to know we can work together to keep them in their homes, where they should be, during this world-wide pandemic." Here's how Hanscom FCU's forbearance program works: ## First Mortgages If you have a first mortgage with Hanscom FCU and you're experiencing financial hardship, all you need to do is call our collections department at 866-746-0073. Picard says one of our team members will ask you a few simple questions about the financial situation you're in. The process is designed so that qualified members can quickly eliminate the worry of how they'll make their next mortgage payment so they can focus on getting back on their feet. Note that all borrowers must be available during the call for authorization. ## Second Mortgages/Home Equity 3-in-1 Advantage Plan If you have [a second mortgage/home equity line of credit (Home Equity 3-in-1 Advantage Plan) with Hanscom FCU](https://www.hfcu.org/borrow/home-loans/home-equity-loans-and-lines.html) and are experiencing financial hardship, the process for issuing a forbearance is a little different. You will need to complete [a forbearance form](https://www.hfcu.org/forbearance-program.html), which you can do [online ](https://www.hfcu.org/forbearance-program.html)or by mail. A member of our collections team will reach out to you for an electronic signature, which is required due to the nature of a home equity loan/line of credit. Note that all borrowers must be available for authorization of the request. [![Forbearance Form](https://no-cache.hubspot.com/cta/default/118438/d42de126-0898-4c72-8e22-1ab45c60ff92.png)](https://cta-redirect.hubspot.com/cta/redirect/118438/d42de126-0898-4c72-8e22-1ab45c60ff92) If you need financial relief during this crisis, start the process by calling our collections department at 866-746-0073. If you have any further questions about Hanscom FCU's forbearance program, please contact Dan Picard at (978) 540-3340 or email [dpicard@hfcu.org](mailto:dpicard@hfcu.org).  *Download our free [Financial First Aid Guide](https://go.hfcu.org/first-aid?_ga=2.224802845.649489784.1585309587-403457074.1585309587)! It'll walk you through the best ways to manage your money during uncertain times. We’ll show you how to take inventory and review all your expenses, assess your debts, prioritize bills and communicate with creditors, and so much more!* *[![Financial First Aid eGuide](https://no-cache.hubspot.com/cta/default/118438/43e73f75-c05c-466f-816f-72fbdd5a25b7.png)](https://cta-redirect.hubspot.com/cta/redirect/118438/43e73f75-c05c-466f-816f-72fbdd5a25b7)* *Others are reading:* - [Hanscom FCU Offers LifeLine Loans to Members](https://go.hfcu.org/blog/hanscom-fcu-offers-lifeline-loan-to-members) - [What to Do If Your Income is Reduced](https://go.hfcu.org/blog/what-to-do-if-your-income-is-reduced) - [COVID-19 and Your Banking Needs With Hanscom FCU](https://go.hfcu.org/blog/covid-19-and-your-banking-needs-with-hanscom-fcu) - [How to Set Up a Budget](https://go.hfcu.org/blog/how-many-americans-use-a-budget) - [What to Do When Your Paycheck Bounces](https://go.hfcu.org/blog/what-to-do-when-your-paycheck-bounces) ** [Home](https://go.hfcu.org/blog/topic/home), [Personal Finance](https://go.hfcu.org/blog/topic/personal-finance), [Life Changes](https://go.hfcu.org/blog/topic/life-changes), [Debt](https://go.hfcu.org/blog/topic/debt), [Budget](https://go.hfcu.org/blog/topic/budget), [Money Management](https://go.hfcu.org/blog/topic/money-management), [Home Equity](https://go.hfcu.org/blog/topic/home-equity), [Mortgage](https://go.hfcu.org/blog/topic/mortgage) [** Tax Season Scams: What You Need to Know ](https://go.hfcu.org/blog/tax-season-scams-what-you-need-to-know) [** How To Get Your Stimulus Check Quickly ](https://go.hfcu.org/blog/how-to-get-your-stimulus-check-quickly) ### About Author ![Hanscom Federal Credit Union](https://go.hfcu.org/hubfs/HFCU-Profile-1000x1000.jpg) Hanscom Federal Credit Union Hanscom Federal Credit Union, a purpose-driven $1.9 billion organization based in Littleton, MA, empowers its members to achieve financial wellness. Hanscom FCU serves over 95,000 members across the country and overseas through 16 branches, over 100,000 surcharge-free ATMs, 5,000 contact centers, and a web-based branch. Related Posts [![Your First Step in Buying a Home: Pre-Approved for a Mortgage](https://go.hfcu.org/hubfs/Untitled%20design%20(85).jpg) Your First Step in Buying a Home: Pre-Approved for a Mortgage ](https://go.hfcu.org/blog/bid/172300/the-mortgage-application-process-get-pre-approved-before-you-look) [![Navigating Financial Challenges After a Job Loss](https://go.hfcu.org/hubfs/iStock-1444494544.jpg) Navigating Financial Challenges After a Job Loss ](https://go.hfcu.org/blog/job-loss) [![Three Tips to Build a Financial Safety Net](https://go.hfcu.org/hubfs/2-2.png) Three Tips to Build a Financial Safety Net ](https://go.hfcu.org/blog/safety-net) ** - [**](http://www.facebook.com/share.php?u=https://go.hfcu.org/blog/hanscom-fcu-offers-mortgage-forbearance-program/) - [**](https://X.com/share?url=https://go.hfcu.org/blog/hanscom-fcu-offers-mortgage-forbearance-program/) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://go.hfcu.org/blog/hanscom-fcu-offers-mortgage-forbearance-program/&summary=&source=CeBIT) ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ### Comment ### Subscribe To Blog ### Subscribe to Email Updates ### contact **Hanscom Federal Credit Union** 1610 Eglin St. Hanscom AFB, MA 01731 Call us: [800-656-4328](tel:8006564328) [https://www.hfcu.org/](https://www.hfcu.org/) ### About Us [The MoneyWisdom Blog](https://www.hfcu.org/the-moneywisdom-blog.html) ### Social ** ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.facebook.com/HanscomFederalCreditUnion The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://X.com/HanscomFCU The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.instagram.com/hanscomfcu/ The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.linkedin.com/company/hanscomfcu/ The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### http://www.youtube.com/c/HanscomFederalCreditUnion The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ### Popular Posts [What You Need to Know About Putting Your Home in a Trust](https://go.hfcu.org/blog/what-you-need-to-know-about-putting-your-home-in-a-trust) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Untitled%20design%20-%202022-02-10T072804.753.jpg) [What You Need to Know About Your Federal Tax Bracket](https://go.hfcu.org/blog/what-you-need-to-know-about-your-tax-bracket) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Untitled%20design%20-%202021-03-22T123305.900.jpg) [6 Boat Types to Get on the Water](https://go.hfcu.org/blog/6-boat-types-to-get-on-the-water) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/images/Jet_Ski.jpg) [23 Organizations Dedicated to the Needs of Seniors](https://go.hfcu.org/blog/23-organizations-dedicated-to-the-needs-of-seniors) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Senior%20citizens.jpg) [9 Smart Moves for Lottery Winners](https://go.hfcu.org/blog/lottery) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/images/lottery_winner.jpg) ### Recent Posts - [![National Credit Union Administration](https://go.hfcu.org/hs-fs/hubfs/NCUA-logo-small.png?width=95&name=NCUA-logo-small.png) ](https://www.ncua.gov/) [![Equal Housing Lender](https://go.hfcu.org/hs-fs/hubfs/EHL-logo-small.png?width=65&name=EHL-logo-small.png)](https://www.hud.gov/fairhousing) - @ 2023 [Hanscom Federal Credit Union](https://www.hfcu.org/) - Federally insured by the National Credit Union Administration. - [Privacy Policy](https://www.hfcu.org/content/docs/Privacy_Notice.pdf) **Disclosure:** Hanscom Federal Credit Union does not provide and is not responsible for any products, services, or overall website content available at any third-party sites linked within this blog. Moreover, Hanscom Federal Credit Union's privacy policies do not apply to any of the linked websites within this blog. Please consult the privacy disclosures on those linked sites for further information. ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Hanscom Federal Credit Union" }, "dateModified" : "January 20, 2022, 5:57:01 PM", "datePublished" : "2020-04-01 18:31:47", "description" : "Hanscom FCU is offering a forbearance program on 1st and 2nd mortgages during the covid-19 pandemic.", "headline" : "Hanscom FCU Offers Mortgage Forbearance Program", "image" : { "@type" : "ImageObject", "url" : "https://cdn2.hubspot.net/hubfs/118438/Untitled%20design%20%2880%29.jpg" }, "mainEntityOfPage" : { "@id" : "https://go.hfcu.org/blog/hanscom-fcu-offers-mortgage-forbearance-program", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://cdn2.hubspot.net/hubfs/118438/Logo%202.jpg" }, "name" : "Hanscom Federal Credit Union" } } ```