Mortgage Education

Mortgage Education Outreach Logo


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.

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

    The following are brief summaries of the programs offered under Keep Your Home California:

  • Unemployment Mortgage Assistance
    For eligible unemployed homeowners.
    Mortgage assistance of up to $3,000 per month for unemployed homeowners who are collecting or approved to receive unemployment benefits from the State of California’s Employment Development Department (EDD).
  • 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.
  • 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.
  • 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 Home Equity Conversion Mortgage (HECM) 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.
  • Home Affordable Refinance Program (HARP)
    HARP is available on loans owned by Fannie Mae and Freddie Mac.  If these loans were insured by the California Housing Loan Insurance Fund they may be eligible to have existing mortgage insurance transferred to a new refinance loan.
  • Fraud Alert Logo Fraud Alert: Homeowners will never be asked to pay a fee for any Keep Your Home California program. If you are asked to pay a fee or suspect fraud or misrepresentation related to a Keep Your Home California program or representative, you are encouraged to contact our Compliance unit at 916-326-8686, or by email.