Are You A Struggling California Homeowner?


At our weekly real estate marketing meeting a representative from “Keep Your Home California” was the guest speaker. The intent was to inform the real estate community of the four programs in place to help Californians keep their homes.


This is a federally funded program with $2 billion allocated for Californians. Based on the projections of the agency, they hope to help 100,000 homeowners. The four programs available are designed to help homeowner who are at different stages and need assistance.

  • Unemployment Mortgage Assistance – temporary assistance for those who were laid off. The max is up to $3,000 per month assistance not to exceed $27,000 total.
  • Mortgage Reinstatement Assistance Program – this program is to help those who have gotten behind on their payments and are now able to make the mortgage payments, but need to pay the back payments. This is a one time payment for up to $20,000
  • Principal Reduction Program – helps those who are having hardships, their home is worth less then they owe. The reduction in principal may be up to $100,000. Not all servicers are on board with this program.
  • Transition Assistance Program – this is for those homeowners who are unable to keep their homes and are engaged in a short sale of their home or working with their lender to do a “deed in lieu of foreclosure” and need to relocate. Maximum amount of assistance is $5,000

Some of the requirements are:

  • Must be principal place of residence and you occupy the home
  • Documented hardship
  • Meet the income limits
  • Adequate income to make payments if the loan is modified
  • Mortgage is either delinquent or on the way to becoming delinquent
  • Unpaid principal balance does not exceed $729,750

The agency has a call center in Riverside with counselors who can answer your questions and determine which program is your best option. They will also be able to tell you if your mortgage servicer is participating in these programs.

Contact information: Keep Your Home California – Telephone #888-954-5337 or check out their website at

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