Get our app
Account Sign up Sign in

MAKE YOUR FREE Loan Modification Letter

Make document
Other Names: Loan Modification Request Letter
Loan Modification Letter document preview

What is a Loan Modification Letter?

A Loan Modification Letter is written to your mortgage or loan provider to request a permanent change in your loan payments. A typical Loan Modification Letter outlines your situation before the financial hardship occurred, and then describes your current financial situation and why you are unable to adhere to your original loan terms. Some common reasons for writing a Loan Modification Letter include injury, loss of job, economic downturn, an illness to you or a family member, etc. 
Making a Loan Modification Letter allows you to seek relief from your lenders when your financial situation changes. Unlike a forbearance, which is typically temporary, a loan modification permanently alters your loan payment plan and is a long-term solution if you do not think your financial situation will improve. A Loan Modification Letter can be used for business or personal loans.

When to use a Loan Modification Letter:

  • You have suffered a loss of income and want to amend your loan payment.
  • You recently lost your job and cannot continue making your current monthly loan payments.
  • Your business has experienced a loss in revenue and you need to request relief.
  • You have exhausted all other financial resources and need new loan terms.

Sample Loan Modification Letter

The terms in your document will update based on the information you provide

Rocket Lawyer members have customized over 93.5M documents
Ask a lawyer questions about your document






Dear ,


I am writing to request a loan modification in order to continue making payments on my loan. The account number is .


my company's revenue is because I currently make because


Based on my and expenses, I cannot make my loan payments. In place of my payment of per month, I ask that you alter my payments to , which will be paid .


I can be contacted at or . Thank you for your understanding and consideration.








______________________________ Date: ________________________


Loan Modification Letter document preview

Create Your Document In Just 3 Easy Steps:

Build your document

Build your document

Answer a few simple questions to make your document in minutes

Right-facing arrow
Save now, finish later

Save now, finish later

Start now and save your progress, finish on any device

Right-facing arrow
Download, print & share

Download, print & share

Store securely, share online and make copies

Right-facing arrow

Looking for something else?

Start your Loan Modification Letter now and get Rocket Lawyer FREE for 7 days

Get legal services you can trust at prices you can afford. You'll get:

All the legal documents you need—customize, share, print & more

Unlimited electronic signatures with RocketSign®

Ask a lawyer questions or have them review your document

Dispute protection on all your contracts with Document Defense®

30-minute phone call with a lawyer about any new issue

Discounts on business and attorney services