42,408*

Californians have qualified so far.

Maybe we can help you keep your home, too.

Find out if you qualify!

michelle_v

As a full-time student, physical therapist assistant and homeowner, Michelle was nearly overwhelmed.

Between rising tuition and a mortgage payment that had just increased, she was worried that a default was just around the corner. Decreasing property values left her in a position where she was unable to qualify for existing refinance programs.

Being proactive by nature, Michelle worked with a local nonprofit counselor to explore other potential options and learned about a principal reduction program being offered through Keep Your Home California. “I didn’t want to wait,” Michelle says. “I’d never been late on my mortgage payment because I knew it would just add more stress to my life. I knew I wanted to keep my home – walking away just wasn’t an option for me.”

After her over-the-phone counseling session with Keep Your Home California, Michelle was quickly qualified for a principal reduction of $50,000. Paying down her principal meant restructuring Michelle’s mortgage payment to a level she could easily afford. “I never had credit card debt,” says Michelle. “But I was living paycheck to paycheck. With both my school costs and mortgage payments increasing, I wasn’t sure how I would be able to continue to make ends meet.  Now I not only have a mortgage payment I can afford, I also have enough money to take some extra classes and get my degree sooner.”

Adding a principal reduction component to the Keep Your Home California suite of programs was a necessity according to California Housing Finance Agency executive director, Claudia Cappio. “Property values have decreased significantly in California, leaving many borrowers with so much negative equity they are not able to take advantage of the numerous refinance programs that are already available. The Principal Reduction Program was specifically created to help homeowners who are serious about living in their homes and creating longer term stability for their families by giving them an opportunity to qualify for a more sustainable modification. It certainly isn’t a panacea, but for a lot of families who don’t have any other options available to them, we believe this is a good and fair solution.”

It was certainly the answer Michelle Vera was looking for. “For me, this is a permanent solution to my mortgage problems.”

 

Rosa C

Rosa says ‘it felt like the walls were caving in’ until she found Keep Your Home California

Keep Your Home California’s Unemployment Mortgage Assistance Program was designed with Rosa C. in mind.

Rosa – a wife and mother of four children – lost her job as a bank teller and noticed the free program when she was on the state Employment Development Department website.

“I never knew there were programs available” to help homeowners with their mortgage payments, says Rosa of Fresno. A few clicks later, she had the details of the state mortgage-assistance program. “I said, ‘Oh this is for me.’ I called the number to make sure.”

She expected lengthy delays and a lot of paperwork.

“I thought it was going to be hard,” she says. “But I just followed the instructions. It was pretty simple.”

In less than a month, Rosa and her husband were approved, with their mortgage payments covered by the federally funded program for one year.

“It was very fast. Actually, I didn’t think I was going to get approved,” says Rosa, who was notified by U.S. mail rather than email, since her computer was giving her trouble. “When I received the letter, it was very special. I couldn’t believe it, I was so happy.”

Keep Your Home California has allowed the six-member family to remain in their house, where they have lived the past nine years. It’s been the family’s first – and only – home.

“It’s definitely helped us a lot, and has relieved a lot of the stress,” says Rosa, who, like most people without work, worried about her family’s finances. “It felt like the walls were caving in.”

Now, the former bank teller can concentrate full time on finding a job without worrying about the mortgage.

“It lets me breathe and go through what I have to with confidence,” she says.

Rosa, who adds she hears the Keep Your Home California ads on the radio, helps promote the program whenever possible.

“I mention it to all of my friends and family members,” she says. “I tell them that there is this program, and they should give it a try.”

“People who fall behind a month or two, they think that they’ve lost their house; they start packing,” she says. “They are so scared, it’s ridiculous.”

Instead, cash-strapped homeowners should consider contacting Keep Your Home California for assistance. Perhaps, just like Rosa, they’ll breathe a bit easier.

abigail_m

Homeowner Abigail M. has a hard-to-beat connection that introduced her to Keep Your Home California.

When Abigail of Stockton lost her accounting and executive secretary position in the homebuilding industry in late 2010, she was like many Californians — concerned about how to make ends meet, especially her mortgage payments.

“I worried that if we ran out of unemployment benefits, we were going to be homeless,” says Abigail, whose husband was battling kidney cancer and recovering from surgery at the time.

So, Abigail checked into different government housing assistance programs with little luck. She attended foreclosure prevention workshops to learn more about her options. And she even reached out to her local elected representatives and President Obama.

“I found out about the program by writing a letter to President Obama,” says Abigail, who received information about Keep Your Home California from the U.S. Treasury Department. “Thank God, people read those letters.”

Indeed, the department gave her information about the $2 billion mortgage assistance program that was established with federal funding approved by President Obama.

She applied and was approved for the Unemployment Mortgage Assistance Program in November 2011.

“The packet was easy to follow,” Abigail says.

The couple received nine months of mortgage assistance from the state-run program, giving them some financial breathing room during a very difficult period.

“I tell everybody” about Keep Your Home California, says Abigail, adding many homeowners continue to suffer in Stockton, often reported as the hardest-hit community for foreclosures in the nation. “I look at prices in my subdivision, and it breaks my heart. Unfortunately, I’ve run into some high school friends who need help.”

“It’s been a hard road,” Abigail. “If you guys weren’t here, I can’t imagine what would have happened to a lot of us.”

Iris-O

Daughter finds free program to help her parents with the mortgage

Homeowner Iris O. had a difficult – and different – situation.

She bought a house with her parents in Sanger, California. But when she became engaged, she moved out of the house. Then, her father lost his longtime job.

Iris was helping her father with the unemployment process when she learned about Keep Your Home California from the state Employment Development Department website.

“I was like, ‘Really, they will pay for that?’” she says of her mortgage. “Is there really a program that exists?”

The free mortgage assistance program will pay as much as $3,000 per month for up to 12 months for homeowners who are collecting jobless benefits from the EDD.

“I had to provide a lot of information,” says Iris, including bills – such as her utility payments – to prove where she currently lives. “It was time-consuming, but it’s worth it.  Once I responded, it was an easy process.  They were really helpful and willing to work with me.”

A few weeks after applying, Iris and her parents were approved for the state-funded program in March.

“They were very excited” when they were approved for the program, Iris says of her parents. “It eases the stress of making the mortgage payment. But it’s only a short-term solution, we’re still upside down.”

So, Iris will consider applying for a second program through Keep Your Home California, for a more sustainable solution to her family’s mortgage struggles.

In the meantime, the monthly mortgage payment is covered and her father, a longtime farm laborer, has one less worry.

“Now, he has more time to look for a job,” Iris said.

alpha_r

Retired teacher Alpha R. got a firsthand lesson on the sometimes fast-paced foreclosure process – and the home-saving help from Keep Your Home California.

When Alpha got behind on her mortgage payments and received a foreclosure notice from her mortgage servicer in early 2012, she needed quick action to save her home in Yucca Valley in the High Desert of Southern California.

“I bugged everybody; I even called my Congressman’s office,” says Alpha, who was raised in New York City but has also lived in Atlanta, Tucson, and Virginia.

Then, she came across a housing counseling agency that made her aware of Keep Your Home California. She quickly completed the documents in hopes of stopping the foreclosure.

“I was scrambling to put the paperwork together,” says Alpha, who was playing beat the clock with the mortgage servicer. “There was literally a man outside my gate one day (looking to purchase the property).”

She applied for Keep Your Home California’s Mortgage Reinstatement Assistance Program, which offers as much as $25,000 to help hard-hit homeowners catch up on their payments. Alpha received $20,000 from the state-run program, enough money to get her back on track.

“It was tough, but it was doable,” Alpha says of the paperwork needed for the program. “Keep Your Home California was very smooth, very efficient.”

Now, Alpha can focus on a new project. She has opened a healing facility that encourages others to eat healthier and meditate.

“This is my purpose,” says the retired public school teacher for emotionally challenged students. “I still have things to do up here.”

With financial assistance from Keep Your Home California program, Alpha can turn her attention toward helping others.

“It was the best program I’ve ever run into,” says Alpha, who tells friends about the free, federally funded program. “There is something positive out there. You don’t have to give up.”

Our programs are designed to help you keep your home if you've suffered a financial hardship.

Take a minute to answer a few questions to find out which program can help you best.

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Is your home in California?

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Do you own and occupy your home as your primary residence?

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Is the amount you owe on your first mortgage loan equal or less than $729,750?

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Is your County household income equal to or less than ?

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Have you experienced a financial hardship (such as a loss of income, significant medical expenses, divorce, severe negative equity, etc.) that is making it difficult for you to keep your home?

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Are you in an active bankruptcy?

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Great, you may be eligible for all or some of our programs!

Just answer a few more questions to find out which of our programs is best for you.

Which programs are best for you?

Have you received unemployment benefits from the California Employment Development Department (EDD) within the past 30 days?

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Are you two or more payments past due on your first mortgage loan?

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Do you owe more on your first mortgage than your home's current value?

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Are you currently participating in a trial payment plan for a modification with your mortgage servicer?

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Are you working with your mortgage loan servicer on a Deed in Lieu of Foreclosure or a Short Sale?

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Based on your responses you do not qualify for a Keep Your Home California program, but we still want to help! Find out about the other options that are available to you by clicking the link below.

Don’t worry, other programs are available

Don't worry, other programs are available.

Although you do not qualify for a Keep Your Home California program, your mortgage Servicer or housing counselor from a HUD-approved agency may have other options that are available to you. These options include:

1) Federal Mortgage Relief

  • Load Modification
  • Refinance
  • Short sale assistance
  • Deed in lieu help

More Information »

2) Your Mortgage Servicer

  • Forbearance
  • Repayment plan
  • Short sale
  • Cash for keys

Contact your service provider for more information

Need more help?

Great!

You may be eligible for the following Keep Your Home California Programs:

Call us at (888) 954-5337

  • Enter your email to receive more information on the programs you qualify for.