Mortgage Education

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DBO provides information and resources regarding homeownership and the home-buying process, loan modifications, foreclosure prevention, mortgage fraud, and mortgage-related scams.

Information for First-Time Homebuyers from the California Housing Finance Agency (CalHFA)

CalHFA understands buying your first home is both a huge responsibility and a huge opportunity. Owning your home means you can paint the walls with your favorite color, plant flowers and vegetables if you choose and plant the seed for an investment in your future. Of course, before you leap into homeownership, you should get prepared first. To help you get ready and get the most out of CalHFA’s loan programs and assistance, follow these easy steps.

Not a first-time homebuyer?

  • You may still apply for CalHFA’s first mortgage loans if your property is located in a Targeted Area.
  • Are you experiencing financial hardship and having difficulties making your mortgage payment? Visit CalHFA's Hardship Assistance Page to view options available to you.

Hardship and Foreclosure Assistance from Keep Your Home California

    Keep Your Home California is a free service for homeowners who have suffered a financial hardship, to help them stay in their homes, maintain an affordable mortgage payment and avoid foreclosure.
    The following are brief summaries of the programs offered under Keep Your Home California. See a list of participating servicers and which programs they are currently offering.

    Unemployment Mortgage Assistance
    For eligible unemployed homeowners.
    Mortgage assistance of up to $54,000 for unemployed homeowners who have received unemployment benefits from the State of California’s Employment Development Department (EDD) within the past 60 days.
    Click to learn more.

    Mortgage Reinstatement Assistance Program
    For eligible homeowners who have fallen behind on their mortgage payments.
    Funding of up to $54,000 to help qualified homeowners catch up on their mortgage payments.
    Click to learn more.

    Principal Reduction Program
    For eligible homeowners who have suffered a financial hardship and owe more than their home is worth and/or have an unaffordable payment.
    Financial assistance to help pay down the principal balance of a mortgage loan and allow for a more affordable monthly payment.
    Click to learn more.

    Transition Assistance Program
    For eligible homeowners who are undergoing a short sale or deed-in-lieu of foreclosure program.
    Financial help to make a smooth transition into stable and affordable housing.
    Click to learn more.

    Reverse Mortgage Assistance Pilot Program
    For eligible senior homeowners who have fallen behind on property expenses associated with their reverse mortgage loan.
    Funding of up to $25,000 to help qualified senior homeowners reinstate past due property expenses (i.e. property taxes; homeowner’s insurance; homeowner’s association dues or assessments) and provide an advance of their approved property expenses for up to an additional twelve (12) months.
    Click to learn more.

    Contact Keep Your Home California
    Toll-free 888-954-KEEP (5337)