| UMA / MRAP / PRP / TAP | Eligibility Questionnaire |
The State of California, through CalHFA (the California Housing Finance Agency), the State’s affordable housing bank, has established four programs to help homeowners who are unemployed, in default on their mortgages, in need of principal reduction or selling their homes and need transition assistance. These programs, often known by their acronyms, are the Unemployment Mortgage Assistance Program (UMA), Mortgage Reinstatement Assistance Program (MRAP), Transition Assistance Program (TAP) and Principal Reduction Program (PRP).
UMA – Unemployment Mortgage Assistance
The Unemployment Mortgage Assistance Program provides funds to pay an eligible homeowner’s mortgage payment up to $3,000 per month (principal, interest, taxes and insurance) for a maximum of 12 months.
MRAP – Mortgage Reinstatement Assistance Program
The Mortgage Reinstatement Assistance Program provides assistance to eligible homeowners who’ve suffered a financial hardship, are delinquent on the payments, and need help to reinstate their loans. The program targets low-to-moderate income households and apply only to first mortgage loans.
PRP – Principal Reduction Program
The Principal Reduction Program provides capital to upside down homeowners, with hardships, to help them pay down
their mortgage balance. The principal reduction is done in connection with a loan modification to bring the homeowner’s
debt level to an appropriate level and provide incentives for home retention.
TAP – Transition Assistance Program
The Transition Assistance Program exists to provide eligible homeowners with transition assistance when they can no
longer afford their homes and have decided to sell or deed the home back to the lender. The Program offers a one time
payment, up to $5,000, that’s to be used to secure new housing (rent, moving expenses, security deposits, etc.), and counseling, if needed.
