If SDCCU is your primary mortgage lender, contact us right away at (877) 732-2848 to request a Workout Loan.

You will need the following items when requesting a Workout Loan:

• Workout Loan Program Checklist
• Income verification – current pay stub if you are a wage earner, if you are self-employed we need your P&L, previous year’s taxes and the last three months’ bank statements.
• Asset verification – current bank investment and retirement statements.
• Hardship letter – write a letter that explains your situation and how a Workout Loan will help you avoid foreclosure.
• Signed Non-Disclosure Agreement.
• Completed Personal Finance Assessment.
• Signed Information Release Form.
• Signed Request for Modification and Affidavit

Here is what you can expect to start the process:

• You will be asked to contact a Real Estate Specialist, in a branch or by phone, to complete a loan application.
• We will pull your current credit report.
• You will be required to meet with an SDCCU® financial counselor to discuss your budget face-to-face or over the phone.