Mortgage Assistance Offered Through the New Keep Your Home California Programs

In an effort to aid residents suffering from the current housing crisis, the California Housing Finance Agency (CalHFA) has developed Keep Your Home California. Keep Your Home California is a combination of four programs that help low- or moderate-income California homeowners pay their mortgages and avoid foreclosure, or transition to new housing when foreclosure is unavoidable.

Unemployment Mortgage Assistance Program aids unemployed homeowners who are in imminent danger of defaulting on their home loans;

Mortgage Reinstatement Assistance Program helps homeowners who have fallen behind on their mortgage payments due to a temporary change in household finances;

Principal Reduction Program provides lender-matched funds to reduce the principal owed on a mortgage for homeowners who are facing a serious financial hardship, are at risk of default, and owe significantly more than the home is worth;

Transition Assistance Program promotes community stabilization through financial assistance for Californians can no longer afford their home and need help transitioning to new housing after losing their home through a short sale or deed-in-lieu of foreclosure program.

To be eligible for these programs, homeowners must be experiencing a financial hardship that puts them at risk of default due to changes in household circumstance such as a death in the family, illness, disability, unemployment or loss of income.

The mortgage is the first lien loan. The current, unpaid principal balance does not exceed $729,750. The property is not abandoned, vacant or condemned. The property is owner-occupied, the borrower’s principal residence, and located in California.

For more information, including a list of participating servicers and an eligibility calculator,visit You can also speak with a Keep Your Home California counselor who will help determine your eligibility by calling 888.954.KEEP(5337).