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 February 14, 2011: Good news for Sacramento and surrounding community homeowners with mortgage foreclosure problems. The U.S. Treasury Department has approved CalHFA's plan to use nearly $2 billion in federal funding to help California families struggling to pay their mortgages. The Keep Your Home California (KYHC) program, announced in January 2011, is focused on assisting low and moderate income families stay in their homes and out of bankruptcy.
The program may help if your household has suffered a financial hardship such as unemployment, change in household such as death, illness or disability, or have a recent or upcoming increase in your monthly mortgage payment and are at risk of default.
Maximum Income for KYHC Eligibility
County |
Annual Income |
| Sacramento |
$ 87,700 |
| Siskiyou |
$ 67,550 |
| Modoc |
$ 67,550 |
| Trinity |
$ 67,550 |
| Shasta |
$ 67,550 |
| Lassen |
$ 69,700 |
| Tehema |
$ 67,550 |
| Plumas |
$ 74,400 |
| Glenn |
$ 67,550 |
| Butte |
$ 67,550 |
| Sierra |
$ 68,900 |
| Sutter |
$ 67,550 |
| Nevada |
$ 83,050 |
| Yuba |
$ 67,550 |
| Placer |
$ 87,700 |
| El Dorado |
$ 87,700 |
| Solano |
$ 95,050 |
| San Joaquin |
$ 75,700 |
| Amador |
$ 81,500 |
| Alpine |
$ 80,750 |
| Mono |
$ 81,100 |
The KYHC funds are available only if your mortgage servicing company agrees to the terms and conditions governing the use of these funds. This is a major catch, however Sacramento bankrutpcy attorney Julius Cherry can help you with this process.
A February 14, 2011 press release about the Keep Your Home California program is available at $2 Billion for Distressed California Home Mortgages |
