Housing Counseling by Consolidated Credit

HUD-certified assistance for homebuyers and homeowners.

Consolidated Credit is approved by the U.S. Department of Housing and Urban Development (HUD) to provide housing counseling. Our certified housing counselors are knowledgeable and trained to help you succeed. If you need assistance or just have questions, call Consolidated Credit today at 1-800-435-2261 to speak with a certified housing counselor for free.

Home Retention and Foreclosure Prevention

Our home retention experts can help you understand options that allow distressed homeowners to avoid foreclosure. Together, you can identify options that could help you save your home, or to find the best option for making a graceful exit.

Explore home retention options now »

Mortgage Payment Assistance Programs

These state-run programs can help distressed homeowners get through a period of unemployment or lost income to avoid foreclosure. We can help Florida homeowners with the state’s Hardest Hit Fund and provide details on other states’ programs.

Overcome challenges to homeownership »

Reverse Mortgage Counseling

A reverse mortgage or Home Equity Conversion Mortgage (HECM) allows homeowners age 62 and over access valuable home equity without putting them at risk of foreclosure. If you own your primary residence, you may qualify.

Learn if you’re eligible and how reverse mortgages work »

Homebuyer Education and Counseling

Buying a home can be a complex process, particularly when it comes to obtaining mortgage approval. The right homebuyer education resources can help streamline the process and ensure you’re mortgage-ready as you prepare to buy a home.

Get ready to become a successful homebuyer »

Total Gross Monthly Income (GMI)

Monthly Gross Pay + Other Gross Monthly Income


Ratios & Debts

GMI times housing ratio of


GMI times debt-to-income ratio of


Total Monthly Debt

(car payments, student loan payments, etc.)


Subtract Line (4) from Line (3)


Maximum Mortgage Loan Payment Allowed

Enter whichever is less, Line (2) or Line (5)


Multiply Line (6) by 25%

(estimated taxes and insurance)


Subtract Line (7) from Line (6)

(maximum principal and interest payment allowed)


Term of loan in years

Interest Rate

Divide Line (8) by factor:


Maximum Mortgage Loan Amount

Multiply Line (9) by $1,000


Maximum Purchase Price

Divide Line (10) by the LTV factor


Down Payment Required

Subtract Line (10) from Line (11)


Your monthly payment would be:

Want to know how paying extra money would change the repayment of your mortgage?

Use the lines below to determine a strategy for paying your mortgage back faster. See how making extra payments would impact the amortization table, so you can pay off your home faster and with less interest.

Note: Choose one option below or any combination of options to calculate the impact of extra mortgage loan payments. If you fill in all of the options, the amounts shown will be recalculated with the assumption you are choosing to use all three repayment options together.

Pay extra with your monthly mortgage loan payment

Make an extra mortgage loan payment every year in

Make a one-time lump-sum payment of on

Keep in mind, changing the amortization table will change how fast you pay off your loan and how much you pay in interest, but will not affect your monthly loan payments. If you wish to make a more immediate impact on your finances, consider focusing first on unsecured debts, like your credit cards, to reduce your debt and improve your financial outlook.

Meet Our Housing Counseling Team

It’s usually easier to trust the advice you receive from a financial expert like a housing counselor if you know who you’re working with. That’s why we’ve put together in-depth profiles of some of our HUD-certified housing counselors.

Meet Consolidated Credit’s housing counselors »

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