Each borrower shall participate in a financial counseling program acceptable to the Department unless, in the written determination of the Program, a financial counseling program is not available for the borrower or the Program otherwise determines that financial counseling is not necessary. In order to be acceptable to the Department, a financial counseling program shall: Require financial counseling before the loan is approved and after the loan closes, to the extent determined necessary by the Program; Provide credit counseling, including counseling about budget planning; Provide mortgage delinquency counseling, including a plan to address alternatives to a program loan such as: A repayment plan with the mortgagee or mortgagees, A forbearance agreement, A refinancing of the existing mortgage debt, Assistance from federal and private programs, and Sale by the owner directly to a third party instead of foreclosure.