Understanding the CalAssist Mortgage Fund
If your home in California was damaged or destroyed by a natural disaster since 2023, you may qualify for up to $20,000 in mortgage relief through the CalAssist Mortgage Fund. At LBC Mortgage, we specialize in helping homeowners understand and apply for programs like this, ensuring you get the support you need during difficult times. This grant-funded assistance is aimed at preventing foreclosure and easing the financial burden on families recovering from wildfires, floods, and other declared disasters.
A Lifeline for Disaster-Stricken Homeowners
The CalAssist Mortgage Fund is part of a broader $125 million disaster relief initiative introduced by Governor Gavin Newsom in early 2025. Of that, more than $100 million is dedicated to direct mortgage relief, while $25 million supports housing counseling services to help homeowners make informed decisions. The California Housing Finance Agency (CalHFA) is managing this fund, working to keep Californians in their homes after facing disaster.
This relief fund is not a loan—it’s a one-time grant that does not need to be repaid. Homeowners who meet the requirements can use the funds to catch up on missed mortgage payments, pay delinquent property taxes, or resolve other housing-related expenses caused by a disaster. The program supports households affected by any state- or federally-declared disaster from January 1, 2023, onward.
Why It Matters Now
Natural disasters in California are becoming more frequent and severe. In recent years, events like the Park Fire, Palisades Fire, and major flooding have displaced thousands of families. Many homeowners are still struggling to recover, facing financial uncertainty and the looming risk of foreclosure. The CalAssist Mortgage Fund provides crucial help, especially for lower- and moderate-income homeowners trying to stay afloat.
Eligibility Requirements
Who Can Apply?
To qualify for assistance, applicants must meet specific eligibility guidelines:
- Primary Residence: You must own and live in the home as your primary residence.
- Location: The home must be located in California.
- Type of Property: Single-family homes, condos, and permanently affixed manufactured homes are all eligible.
- Disaster Impact: The property must have been damaged or destroyed due to a natural disaster declared after January 1, 2023.
- Financial Hardship: You must show you are behind on mortgage payments or at risk of foreclosure.
- Income Limits: Your household income must fall within certain limits based on your county’s Area Median Income (AMI).
Each applicant must provide documentation, including proof of ownership, mortgage statements, disaster impact records, and income verification.
Special Considerations
In cases where homeowners have already received some form of assistance (like FEMA or private insurance), CalHFA will review the total aid to ensure there’s no duplication of benefits. You can still qualify for the grant if you have remaining unmet needs related to your housing situation.
How to Apply for the CalAssist Mortgage Fund
Step-by-Step Application Process
Applying for this disaster relief grant is a multi-step process, but it’s designed to be accessible to homeowners in need:
- Visit the Official Portal: Go to www.ca.gov/disasterrelief to start your application.
- Check Eligibility: Carefully review the eligibility requirements listed on the site.
- Gather Documents: Prepare necessary paperwork, including recent mortgage statements, insurance claim records, income verification (pay stubs, W-2s), and documents showing the disaster’s impact on your property.
- Complete the Application: Fill out the online application form in detail.
- Submit and Wait: Once submitted, CalHFA will review your application. If approved, you’ll receive direct payment or coordinated assistance to resolve your mortgage issues.
Need Help with the Application?
At LBC Mortgage, we’re ready to help you every step of the way. Our team can assist you with understanding the application process, collecting the correct documentation, and communicating with CalHFA if needed. We know this process can be stressful, especially in the aftermath of a disaster, and we’re here to make it easier.
What Can the Funds Be Used For?
Covered Expenses
Homeowners approved for CalAssist funding can use the money to pay:
- Past-due mortgage payments
- Delinquent property taxes
- Housing-related fees such as homeowner association (HOA) dues
- Certain insurance premiums (if related to property protection)
This flexibility ensures you can resolve the most urgent housing issues threatening your ability to stay in your home.
Limitations and Oversight
Funds are capped at $20,000 per household. While this may not cover all losses, it’s a significant tool to help you regain stability. CalHFA will work directly with mortgage servicers or tax collectors to apply the funds toward your obligations, preventing foreclosure or additional penalties.
Why Work With LBC Mortgage?
Experience with California Relief Programs
We have helped many clients across California navigate complex mortgage situations. Our team is familiar with both local and state-level assistance programs. Whether you need help applying for CalAssist, refinancing after a disaster, or resolving forbearance-related issues, we have the experience to guide you through.
Personalized Support When You Need It Most
Unlike big banks, we take a hands-on approach with each client. That means real conversations, practical advice, and custom solutions that reflect your financial goals. We know that every disaster recovery journey is different, and we treat each case with the care it deserves.
Fast, Reliable Help
When you’re at risk of losing your home, timing matters. We prioritize speed and efficiency in helping you complete your application correctly. We also offer follow-up support to answer your questions and track your application status.
Don’t Delay—Take Action Today
Natural disasters can cause long-lasting financial damage. If your home was impacted, applying for the CalAssist Mortgage Fund could be the difference between keeping your home and facing foreclosure. Grants are limited and processed on a first-come, first-served basis, so it’s important to act quickly.
LBC Mortgage is here to help you take the next step. We’ll walk you through the eligibility checklist, help you fill out the forms, and stay by your side until you receive the assistance you need.
Additional Resources and Support
If you need more information or assistance beyond the CalAssist program, the following resources may also be helpful:
- FEMA Disaster Assistance – Offers support for housing, medical, and financial recovery.
- California Department of Social Services – Disaster Services Branch – Coordinates disaster-related human services.
- California Mortgage Relief Program – Offers additional mortgage assistance for qualified homeowners affected by COVID-19 and other hardships.
