A hardship letter may be required by a mortgage lender when you apply for a modification of a home loan. Being able to identify a specific event that precipitated an unexpected challenge in meeting your monthly mortgage payment can tip the scales toward approval of your application for modification. Take the time to compose a letter that while crisp, concise and to the point provides all of the information your lender requires to evaluate your request.
Provide your name, home address, loan number, and contact information in descending order, flush with the left margin, starting two lines below the date.
Write a statement explaining your circumstances. Be brief, but not cryptic. Provide enough information to clearly convey the problem, but avoid going into unnecessary detail. Include the date — specific or approximate — that you began to experience financial hardship.
Assert your intent to resume normal payment on your home loan as soon as possible.
Include a closing such as "Respectfully" or "Sincerely" and sign the letter.