Central Bank of St. Louis

  • Mortgage Options
  • Financial Hardship Foreclosure Alternatives

    Are you experiencing difficulty making payments? We have a variety of programs to help you resolve your delinquency and keep your home.

    Alternatives For You

    Refinance
    Receive a new loan with lower interest rate or other favorable terms.
    Reinstatement
    Pay the total amount you owe in a lump sum payment and by a specific date. This may follow a forbearance plan.
    Repayment Plan
    Pay back your past-due payments together with your regular payments over an extended period of time.
    Forbearance Plan
    Make reduced mortgage payments or no mortgage payments for a specific period of time.
    Modification
    Receive modified terms of your mortgage to make it more affordable or manageable after successfully making the reduced payment during a "trial period" (i.e. completing a three [or four] month trial period plan.)
    Short Sale
    Sell your home and pay off a portion of your mortgage balance when you owe more on the home than it is worth.
    Deed-In-Lieu of Foreclosure
    Transfer the ownership of your property to us.

    Contact a Lender

  • Equal Housing Lender. Equal Housing Lender. Member FDIC.