Keep Your Home California  

$2 Billion for Distressed California Home Mortgages


New funding avialable to help families facing foreclosure. Image of family jumping for joy in the outline of a house on a blue sky background.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
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