Pre-Foreclosure Options

Eligible homeowners for the California Mortgage Relief

• Household income of all household members over the age of 18 is at or below 150% of the Area Median Income.
• Homeowners must currently own and occupy the property in California as their primary residence.
• Homeowners may only own and occupy one property. Homeowners must attest that they experienced a Qualified Financial Hardship after January 21, 2020. The attestation must describe the nature of the financial hardship.
• For mortgage relief, the past-due amount must be $80,000 or less at the time of application submission.
• Approved applicants will receive a one-time grant only. Once a household/property is funded, it is no longer eligible for additional assistance from the program.
• The original, unpaid principal balance of the homeowner's primary mortgage loan, at the time of origination, cannot be greater than the "conforming loan limit" (as determined under the provisions of the Housing and Economic Recovery Act of 2008) in effect at the time of origination. (To find data on conforming loan limits)
• Homeowners cannot have cash or assets on hand (excluding savings in a retirement account) that is equal to or greater than the relief funds needed + $20,000. (For example, homeowners needing $30,000 to get caught up on their mortgage will be ineligible if they have $50,000 or more in assets).
• For mortgage relief, the homeowner's mortgage service must be participating in the California Mortgage Relief Program. A list of participating mortgage services can be found.