Principal Reduction Program

Home String USA Keep Your Home California
Non Profit Assistance - Completely FREE
from HomeStrongUSA
Call (866) 598-3008

Up to $100,000 Available to Help Eligible California Homeowners Reduce Their Mortgage.

THE PROGRAM IS 100% FREE.  GET HELP TODAY!


Principal Reduction Program

The Principal Reduction Program* provides assistance to eligible homeowners who have experienced an economic hardship coupled with a severe decline in the home’s value.

Homeowners who qualify for the PRP could be eligible for up to $100,000 in assistance from Keep Your Home California.

The Principal Reduction Program (“PRP”) is one of CalHFA MAC’s federally-funded programs developed with a goal to provide capital to homeowners that have suffered a hardship to reduce the outstanding principal balances of qualifying properties with negative equity.

PRP will provide monies to reduce the principal balance of the first mortgage with a loan recast, a loan modification, or a reduction or elimination of an existing non-interest bearing forbearance, each with the purpose of establishing an appropriate level of debt for eligible homeowners with qualifying properties.

Keep Your Home California Highlights:

Unemployment Mortgage Assistance

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.

Mortgage ReinstatementMortgage Reinstatement Assistance Program

For eligible homeowners who have fallen behind on their mortgage payments.
Funding of up to $25,000 to help qualified homeowners catch up on their mortgage payments.

Principal Reduction ProgramPrincipal Reduction Program

For eligible homeowners who have suffered a financial hardship and owe more than their home is worth.
Financial assistance to help pay down the principal balance of a mortgage loan.

Transition Assistance ProgramTransition 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.

Principal Reduction Program

The Principal Reduction Program* provides assistance to eligible homeowners who have experienced an economic hardship coupled with a severe decline in the home’s value.

Homeowners who qualify for the PRP could be eligible for up to $100,000 in assistance from Keep Your Home California.

The Principal Reduction Program (“PRP”) is one of CalHFA MAC’s federally-funded programs developed with a goal to provide capital to homeowners that have suffered a hardship to reduce the outstanding principal balances of qualifying properties with negative equity.

PRP will provide monies to reduce the principal balance of the first mortgage with a loan recast, a loan modification, or a reduction or elimination of an existing non-interest bearing forbearance, each with the purpose of establishing an appropriate level of debt for eligible homeowners with qualifying properties.