Unemployment Benefits KYHC West Sacramento

Today we are discussing the Keep Your Home California Unemployment Mortgage Assistance Program (UMAP) which provides mortgage payment assistance to eligible West Sacramento homeowners who have experienced an involuntary job loss and are receiving California EDD unemployment benefits.

   

Benefit assistance through UMA can be up to $3,000 per month and can last up to nine months not to exceed $27,000.

The West Sacramento Homeowner must qualify as a low-to-moderate income household, as follows:

• You must be in the low-to-moderate income bracket of 120% or less of the Housing and Community Development Area Median Income 120%. The HCD median income for a family of 4 in West Sacramento County is currently $91,320
• You will need to complete and sign a Hardship Affidavit / 3rd Party Authorization documenting the reason for the hardship
• You will need adequate income to sustain modified mortgage payments per CalHFA MAC approved investor guidelines.
• You must agree to provide all necessary documentation to satisfy program guidelines established by CalHFA MAC.
• You must be currently approved to receive or receiving unemployment benefits from the California Employment Development Department (EDD).
• And your Mortgage loan is delinquent or at risk of imminent default as substantiated by homeowner’s hardship documentation. Loans in foreclosure are eligible. 

Unfortunately West Sacramento Homeowners in an “active” bankruptcy are ineligible for KYHC program assistance consideration.

Those who do not qualify include homeowners where a Notice of Default has been recorded on the subject property 

If the Homeowner’s “hardship” is a result of voluntary resignation of employment.

Homeowners in an active HAMP trial modification is not eligible for UMA consideration unless the trial modification is cancelled. 

Or if yhe homeowner is no longer eligible for unemployment benefits

To find out if your lender is participating in the program and to see if you qualify, call for a free confidential consultation. As Certified Default Advocates it is important to us that you understand all your options.

To get a better idea of when your West Sacramentohome will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation. Call me today and sleep better tonight; you’ll be glad you did