California Fire Relief: Homeowner Aid
- California homeowners who suffered significant damage or the destruction of their homes in the January fires in Pacific Palisades and Altadena may be eligible for up to $20,000...
- Administered by the California Housing Finance Agency, the CalAssist Mortgage Fund targets disasters declared as a state of emergency by the governor or a major disaster by the...
- Even after a disaster, homeowners remain responsible for their mortgage payments, nonetheless of their home's condition, according to the Consumer Financial Protection Bureau.
California homeowners, take note: Immediate mortgage relief is now available. The CalAssist Mortgage Fund, launching June 12th, offers crucial financial support to those affected by recent disasters, providing grants up to $20,000. This critical mortgage assistance aims to alleviate the strain on residents whose homes have been devastated by fires and other declared emergencies between January 2023 and January 2025. The program directly supports those struggling to manage mortgage payments in the wake of unimaginable loss. Funds are limited, so potential applicants must act quickly. News Directory 3 brings you this urgent update, ensuring you have the essential details on how to apply and who qualifies. Discover what steps you can take to secure relief …
California Mortgage relief Fund Opens for Disaster Victims
California homeowners who suffered significant damage or the destruction of their homes in the January fires in Pacific Palisades and Altadena may be eligible for up to $20,000 in mortgage relief. The state is set to launch the CalAssist Mortgage Fund on June 12, offering grants to homeowners whose residences have been rendered uninhabitable due to declared disasters.
Administered by the California Housing Finance Agency, the CalAssist Mortgage Fund targets disasters declared as a state of emergency by the governor or a major disaster by the U.S.president between January 2023 and January 2025. This includes the Eaton and Palisades fires in Los Angeles, the 2024 Park fire affecting Butte, Tehama, and plumas counties, and the 2024 San Diego floods.
Even after a disaster, homeowners remain responsible for their mortgage payments, nonetheless of their home’s condition, according to the Consumer Financial Protection Bureau. However,Fannie Mae indicates that affected homeowners might qualify to reduce or suspend payments for up to a year through a forbearance plan,which requires repayment upon expiration.
The CalAssist Mortgage Fund can provide up to three months of mortgage assistance, capped at $20,000. These grants are directly disbursed to participating mortgage service providers.
How to Apply for Mortgage Relief
Starting June 12, eligible individuals can apply via the CalAssist Mortgage Fund website by clicking “Apply Now.” Required documents include a mortgage statement,bank statements,a utility bill,homeowner’s insurance or FEMA claim details,and proof of income.
Given the limited funds, applications will be processed in the order they are received. The programme will close once all funds are fatigued. Interested parties can subscribe to email updates on the CalAssist website.
Eligibility Requirements
To qualify, the damaged or destroyed property must be the applicant’s primary residence, rendered uninhabitable by a qualified disaster between Jan. 1, 2023, and Jan. 8, 2025. Applicants must also meet specific household income limits, which vary by county. For instance, the income limit in Los Angeles County is $140,700. The program covers single-family homes, condos, and permanently affixed manufactured homes with up to four units, provided the applicant has a mortgage or reverse mortgage.
For application assistance, contact the CalAssist Mortgage Fund at (800) 501-0019, Monday through friday, from 8 a.m. to 5 p.m.
What’s next
Homeowners impacted by the