Keep Your Home California Program: An Overview

The Keep Your Home California programs assist low to moderate-income homeowners in keeping their homes or getting funds to relocate.

If you are a California homeowner facing foreclosure, a special program designed to assist low to moderate-income homeowners may help you retain your home or provide funds to relocate to new housing. Read on to learn more about the various types of aid available under Keep Your Home Californiaa Hardest Hit Fund programand find out how you can apply for assistance.

Keep Your Home California’s Four Programs

The California Housing Finance Agency (CalHFA), which was established in 1975, provides financing for low and moderate-income homeowners in California. With approval from the U.S. Treasury Department and funded by the federal Hardest Hit Fund, CalHFA implemented the Keep Your Home California program to provide assistance to eligible California homeowners who are facing foreclosure.

The CalHFA Mortgage Assistance Corporation (CalHFA MAC) administers the various programs under Keep Your Home California, which include:

  • The Unemployment Mortgage Assistance Program (UMA), which provides up to $54,000 for mortgage payments for as many as 18 months for homeowners actively collecting unemployment benefits.
  • The Mortgage Reinstatement Assistance Program (MRAP), which helps homeowners catch up on missed payments (up to $54,000) and reinstate their loans.
  • The Principal Reduction Program (PRP), which provides funds to underwater homeowners (or have an unaffordable payment) to pay down the principal balances of their mortgage loans (up to $100,000).
The Reverse Mortgage Assistance Pilot Program—which provided up to $25,000 to eligible senior homeowners who had fallen behind on property expenses (like property taxes, homeowner's insurance, and HOA dues or assessments) to reinstate past-due amounts—closed on November 30, 2017.

General Eligibility Requirements

You may qualify for one of the Keep Your Home California programs if:

  • You meet low and moderate area income limits. (Go to http://keepyourhomecalifornia.org/income-limits to see if you qualify.)
  • You have a financial hardship, like unemployment, underemployment, death of a family member, unexpected medical bills, or a divorce.

Learn about additional criteria at the Keep Your Home California website.

Mobile homes are eligible if they are permanently affixed to the real property that is secured by the first lien. (Learn more about foreclosure and repossession of manufactured homes.)

How to Determine Your Eligibility

Find out if you meet the basic eligibility requirements for a Keep Your Home California program by:

Participating Servicers

Servicer participation in the Keep Your Home California programs is voluntary. (A mortgage servicer is the company that collects monthly mortgage payments from borrowers on behalf of the owner of the loan, as well as tracks account balances, manages the escrow account, handles loss mitigation applications, and pursues foreclosure in the case of defaulted loans.)

Because payments are made directly to the mortgage servicer, the servicer must agree to participate before you can receive assistance from the program. Practically all servicers have signed on for the UMA and MRAP, while participation in the remaining two programs is a bit more sporadic. To find out if your servicer is participating in the program you are interested in, go to http://keepyourhomecalifornia.org/participating-servicers or call a Keep Your Home California representative at 888-954-5337.

There's No Cost to Participate in Keep Your Home California

Because Keep Your Home California is funded by federal dollars, there is no fee to participate and participants typically do not have to repay the assistance received.

The assistance is provided in the form of a non-recourse, non-interest bearing subordinate loan secured by a junior lien that is recorded against the property (except for TAP assistance, which will not be structured as a loan). The junior lien will be forgiven after five years (most programs) from the date assistance was provided. You need to repay the loan only if you sell the home for a profit or refinance and take cash out before the forgiveness date.

How to Apply for Keep Your Home California

To apply for assistance under Keep Your Home California, you can:

For More Information

Go to www.keepyourhomecalifornia.org or www.ConservaTuCasaCalifornia.org (for a Spanish-language version of the website) for more information.

Talk to a Lawyer

Start here to find foreclosure lawyers near you.

How it Works

  1. Briefly tell us about your case
  2. Provide your contact information
  3. Choose attorneys to contact you
FACING FORECLOSURE ?

Talk to a Foreclosure attorney.

We've helped 75 clients find attorneys today.

How It Works

  1. Briefly tell us about your case
  2. Provide your contact information
  3. Choose attorneys to contact you