KeepYourHomeCalifornia | Newsletter

How Do I Find Out If I Qualify?

One of the most common questions we get from people is, "How do I find out if I qualify for Keep Your Home California?" Since we often focus on program updates in this space, we thought this might be a good time to take a step back and review the different ways homeowners interested in applying for Keep Your Home California can find out whether they are eligible for assistance:
Community Outreach Event Attendance

Community outreach events are some of the best opportunities we have to raise awareness about Keep Your Home California. Oftentimes at events, we are able to meet with homeowners one-on-one to discuss how the programs may be able to help, depending on their situation.

In September, Keep Your Home California had a presence at 29 outreach events across the state, bringing the total number of outreach events we've attended to over 1,100 since the program began in February 2011.

The event pictured above was earlier this month at the Monterey County Fair, where we shared a resource table with our friends at the  Department of Business Oversight over a two day period. Some events we attend are large conferences where we speak to hundreds of people while others are small workshops where the turnout may be a dozen or less.The point is, when it comes to raising awareness about Keep Your Home California to homeowners in need, no event is too large or small.

Each month, we include upcoming events in the newsletter in the sidebar on the right - and you can always find the events where Keep Your Home California will be present on our Calendar of Events webpage. If your organization is interested in having a Keep Your Home California representative participate in an event in your community, please email us at

(as of September 29, 2016)

Homeowners Assisted
Total Amount Distributed
Unemployment Mortgage Assistance
Principal Reduction Program
Mortgage Reinstatement Assistance Program
Reverse Mortgage Assistance Pilot Program
Transition Assistance Program
Total Program
Funds Allocated
Recent Blog Post:

402,000 homeowners faced with underwater mortgages in California
Imagine everyone in Oakland dealing with a financial headache, one that can affect everything from their buying power to retirement plans?

That's the far-reaching effect of negative equity in California.

Sure, the housing market has enjoyed a big-time boom-the median-home price is at the highest level in seven years-and many homeowners, especially those who bought in the past few years in the Bay Area and Southern California, are money ahead.

But hundreds of thousands of homeowners-about 402,000-are dealing with an underwater mortgage, where they owe more than the current value of their home, according to the latest Zillow report.

Success Story: Shay B.
'Over-the-heels happy' when homeowner was approved for Mortgage Reinstatement Assistance Program

Shay B. had always lived in an apartment, until she found just-the-right condo at a still-affordable price in Southern California.

The single mother of three children - 11, 14 and 20 years old - moved into her new home in April 2014. The family had a garage, a laundry room and even bought a terrier mix named "Bruiser."

"It just seemed very spacious," Shay says of the three-level condo. "Nobody is cramped."

Then, a "bunch of things happened" that turned her dream of homeownership into a real-life nightmare.

Read More    
Monthly Question & Answer
Q: My first mortgage is an interest-only loan. Am I eligible to receive assistance from any of the Keep Your Home California programs?

A: Yes, first mortgage interest-only loans are eligible for assistance from the following Keep Your Home California programs - Unemployment Mortgage Assistance, Mortgage Reinstatement Assistance and Transition Assistance. First mortgage interest-only loans are ineligible for Principal Reduction Program assistance, unless the interest-only feature has converted to a fully amortizing loan or will be converted to a fully amortizing loan if Principal Reduction Program assistance is combined with a servicer-provided loan modification.
Water Saving Tips

If your dishwasher is new, cut back on rinsing. Newer models clean more thoroughly than older ones.

For more tips on what you can do to save water, please visit the Save Our Water website.
To see all Servicer Scorecards, please visit the Participating Servicers webpage.
September 30, 2016
6:00pm - 8:30pm
A Place Called Home III Workshop
Pacoima, CA
October 8, 2016
9:00am - 3:00pm
Foreclosure Prevention Event
Riverside, CA
October 12, 2016
6:00pm - 6:45pm
Keep Your Home California Online Workshop
Available statewide online
October 15, 2016
8:30am - 4:30pm
Homebuyer Education Workshop
Oxnard, CA
October 22, 2016
8:30am - 5:30pm
Homebuyer Education Workshop
Ventura, CA

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