CalHFA now offers mortgage assistance through "Keep Your Home California". This federally funded program is a $2 billion effort to help California families struggling to pay their mortgages. This program provides:
Mortgage assistance of up to $3,000 per month for unemployed homeowners who are in imminent danger of defaulting on their home loans.
Funds to help homeowners who have fallen behind on their mortgage payments due to a temporary change in a household circumstance. The program will provide up to $15,000 per household to reinstate mortgages to prevent foreclosures.
Funds to reduce the principal owed on a mortgage for a home where the homeowner is facing a serious financial hardship and owes significantly more than the home is worth. This program requires lenders to match any assistance provided for principal reduction.
Transition assistance to help borrowers relocate to new housing situation after executing a short sale or deed-in-lieu of foreclosure program.
For assistance or more information please contact 916-326-8082 or visit: