WaMu loan modifications have recently gotten to be more accessible with help from Obama's new loan modification program. In the past it was almost impossible for a homeowner to get a modification, even with an attorney. But now, as both the borrowers and WaMu themselves are trying to avoid foreclosures, new loan modification options are becoming available all the time.It's worth mentioning that any type of mortgage loan under WaMu is eligible to receive modification. This includes both adjustable and fixed rate mortgages. And it's possible to get a modification as soon as or right before the interest rate on an adjustable mortgage is about to adjust. It is also possible to receive a Washington Mutual loan modification while the home is undergoing foreclosure, so the process stops until a decision is made.In order to be eligible for a modification with Washington Mutual, there are a few basic requirements.The most obvious requirement is that the property the homeowner is trying to get a modification on must be their place of residence. So no extra properties can be considered. Also, it is only possible for one piece of property to have one modification and a homeowner is only eligible once, even if they move.The mortgage must not be above $729,750 in order to qualify, and WaMu does not require that a borrower be late on their mortgage payments to be considered for loan modification. Possibly the best news for homeowners is that they do not check credit to qualify someone for modification -- they only require documentation on income, expenses, taxes, and the like. This is great for those who have mediocre to bad credit but still need assistance.A WaMu loan modification attempts to make the monthly mortgage payments less than 31 percent of the borrower's monthly income, however there are a wide variety of plans available for any financial situation.While it is possible to get a modification by dealing with the lender directly, there is a much better chance of approval if done through an attorney or company.A loan modification company or attorney can not only help get the modification, but also help speed up the process. And there are even firms and professionals who specialize in WaMu only -- meaning they know what to do to get the most out of any negotiations with the lender.No matter the situation, there is a WaMu loan modification program for any homeowner, and there are a wide variety of ways for homeowners to take advantage of them. It's just a matter of taking the first step.