Resources to Help You Keep Your Home
Making Home Affordable: MakingHomeAffordable.Gov includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable. It includes the Home Affordable Foreclosure Alternatives Program for those interested in a short sale or deed-in-lieu of foreclosure.(en espanol)
Hope Now: Hope Now is an alliance between counselors, mortgage companies, investors, and other mortgage market participants to maximize outreach efforts to homeowners in distress to help them stay in their homes.
Keep your Home California: Administered by the CalFHA Mortgage Assistance Corporation. The U.S. Treasury Department has approved nearly $2 billion in federal funding to help California families struggling to pay their mortgages. Four key programs: unemployment mortgage assistance, mortgage reinstatement assistance, principal reduction, and transition assistance.
Fannie and Freddie: FannieMae and Freddie Mac are government sponsored enterprises whose role is to stabalize the residential mortgage markets and expand access to and afforability. Both agencies offer resources to homeowners who have mortgages where Fannie or Freddie is the investor (owner) of the mortgage.