Shalom Center is a HUD approved counseling agency that provides home preservation services with Keep Your Home California (KYHC) at no cost.
UNEMPLOYMENT MORTGAGE ASSISTANCE
The Unemployment Mortgage Assistance Program provides mortgage payment assistance to eligible homeowners who have experienced an involuntary job loss and are receiving California EDD unemployment benefits.
Benefit assistance through UMA can be up to $3,000 per month and can last up to eighteen (18) months.
MORTGAGE REINSTATEMENT ASSISTANCE
The Mortgage Reinstatement Assistance Program provides assistance to eligible homeowners who, because of financial hardship have fallen behind on their payments and need help to reinstate their past due first mortgage loan.
Benefit assistance through MRAP can be a one–time payment of up to $54,000 to cover principal, interest, taxes and insurance, as well as any homeowner’s association dues.
PRINCIPAL REDUCTION PROGRAM
The Principal Reduction Program (PRP) provides assistance to eligible homeowners who owe more on their mortgage than their home is worth and/or have an unaffordable payment. Homeowners must have experienced an economic hardship or a severe decline in their home’s value in order to be considered for the PRP.
Homeowners who qualify for the PRP could be eligible for up to $100,000 in assistance from Keep Your Home California.
The Transition Assistance Program provides one-time funds to help eligible homeowners relocate into a new housing situation after executing a short sale or deed-in- lieu of foreclosure program.
The TAP can provide up to $5,000 in transition assistance per household.
Schedule with a Certified Housing Advisor at 213-380-3700