Starting July 1,U.S.homeowners behind in their house payments will begin getting offers of lowered payments, courtesy of a new program from the Federal Housing Finance Agency.

Announced back in March, the FHFA’s Streamlined Modification Initiative kicks in this week. According to the agency, it provides an easier, quicker way for homeowners who behind by at least 90 days on their mortgage payments to get a loan modification. Instead of mountains of paperwork, borrowers will be asked to make a lowered monthly payment for a three-month trial period. If the new payments are made, the arrangement becomes permanent.

The FHFA says it has helped 2.7 millionU.S.homeowners keep their homes, but that paperwork and procedural issues have slowed things down. The new initiative aims to address that.