Unemployment Mortgage Assistance program helps Al save his home – and his dream
Soon after Al R. bought his dream house, he lost his great-paying job.
Like many homeowners in recent years, the American Dream had become a real-life nightmare – and an everyday struggle.
Al and his family made a few mortgage payments and then got behind. Then, he came across a mailer about Keep Your Home California, the free mortgage-assistance program that has helped more than 30,000 homeowners since February 2011.
“We thought it was too good to be true,” says Al, who applied twice for the program. “There was some serious nail-biting whether we were going to keep our home. One of our biggest fears was that the program would end before we were approved.”
The program will not end anytime soon. Keep Your Home California received almost $2 billion from the federal government, so there are quite a few dollars still available for financially strapped homeowners.
Al was approved for the Unemployment Mortgage Assistance Program, which offers as much as $3,000 per month for up to 12 months. Homeowners who meet the program income limits and are also collecting jobless benefits from the Employment Development Department, are eligible for the program.
“It really works; it’s what we needed,” says Al, who lives in the Sacramento region. “We’re so grateful.”
Now, he talks about the program when he comes across homeowners struggling with their mortgage payments.
“We can’t be more appreciative or more supportive of the program,” says Al, whose daughter also benefited from the Unemployment Mortgage Assistance program in recent months.
Now, Al is back to work and making his mortgage payments on his own.
“The bottom line is that we got it, and it saved our home,” he says. “And we love our house, it’s our dream house.”