Help For Jobless Homeowners

California homeowners who receive jobless benefits can get mortgage aid through a $2 billion government program.

Keep Your Home California offers as much as $3,000 a month to qualified residents for up to 12 months. The benefit previously ended after nine months and was recently extended.

The extension can be particularly helpful to property owners whose unemployment aid will run out by year’s end, state officials said.

Funded by federal money, Keep Your Home California provides financial relief to households at risk of slipping into the foreclosure process. The goal is to catch homeowners up on mortgage payments, help them relocate after a short sale and cut their mortgage principal.

Unemployment aid has been the most-used aspect of Keep Your Home California among San Diego County homeowners. More than 80 percent of the 2,200 San Diegans who have benefited from the overall program to date received unemployment aid — representing $23.6 million of help. Statewide, that share is lower, at 68 percent.

Program qualifications include having a hardship, having a mortgage balance of $729,750 or less, not being in the foreclosure process. For a full list, click here. Want to talk to someone at Keep Your Home California? Call (888) 954-5337.

Disclaimer: for information and entertainment purposes only

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s