Programa Piloto de Ayuda de Hipoteca Inversa

El Programa Piloto de Ayuda de Hipoteca Inversa fue desarrollada para proporcionar asistencia a los propietarios de viviendas de bajos a moderados ingresos que son mayores y que están en el peligro de perder su casa por ejecución hipotecaria debido a su incapacidad para pagar los gastos de la propiedad requeridos.

El Programa Piloto de Ayuda de Hipoteca Inversa proporcionará un préstamo adelantado y condenable a propietarios elegibles para ser usado para restablecer cantidades atrasadas (impuestos de la propiedad, seguro de vivienda, deudas y cuotas de la asociación de propietarios, y otros gastos relacionados con la propiedad) que fueron pagados de su parte por su recaudador de préstamos hipotecarios. Aquellos que califican para el programa recibirán también un adelanto de sus gastos de propiedad aprobado por hasta doce (12) meses adicionales para permitir que el dueño de casa se recuperare de sus dificultades. La cantidad máxima de ayuda es $25,000 por hogar.

Baje la descripción del Programa aqui

 

Administradores Participantes

A fin de calificar para el Programa Piloto de Ayuda de Hipoteca Inversa, su asesor de debe participar en el programa. A continuación esta la lista de asesores participando en el Programa Piloto de Asistencia de Hipoteca Inversa.

  • American Advisors Group  (866) 446-0026
  • Celink  (866) 446-0026
  • Champion  (855) 683-3095
  • Financial Freedom  (866) 727-4303
  • James B. Nutter  (800) 943-7334 Ext.1877
  • Liberty Home Equity Solutions (MI)  (866) 446-0026
  • Liberty Home Equity Solutions (TX) (866) 503-5559
  • Live Well Financial, Inc.  (866) 446-0026
  • Ocwen Loan Servicing, LLC  (866) 446-0026
  • Plaza Home Mortgage, Inc. (866) 446-0026
  • Reverse Mortgage Funding (RMF)  (866) 446-0026
  • Reverse Mortgage Solutions (RMS)  (866) 503-5559
  • SunWest  (800) 453-7884 Ext. 7881
  • Urban Financial of America (866) 446-0026
  • Wells Fargo  (877) 696-6417

 

Preguntas Frecuentes

Especifico al Programa – Programa Piloto de Ayuda de Hipoteca Inversa

  1. What is the Keep Your Home California Reverse Mortgage Assistance Pilot Program (RevMAP)?

    Keep Your Home California’s Reverse Mortgage Assistance Pilot Program (RevMAP) is designed to assist eligible senior homeowners who have a Federal Housing Administration (FHA) Home Equity Conversion Mortgage (HECM) or proprietary reverse mortgage loans remain in their homes by providing them with up to $25,000 to bring their property taxes, homeowner’s insurance, flood insurance and/or homeowners/condo association dues (property expenses) current. RevMAP benefits are paid directly to the loan servicer to reimburse them for advances paid on behalf of the homeowner for their FHA HECM or proprietary reverse mortgage loans. Senior homeowners may also be eligible to have up to 12 months of future property charges paid on their behalf.

  2. ¿Cómo es mi elegibilidad para el Programa RevMAP de Conserva Tu Casa California determinado?

    La elegibilidad final para la asistencia de beneficios de RevMAP solo puede ser determinada después de haber proporcionado toda la documentación que cumple con todas las pautas del programa. Incluso entonces, la determinación final de la elegibildad se encuentra con su administrador de préstamos que debe aceptar la oferta de ayuda.

  3. Who is eligible for RevMAP?

    General eligibility requirements for the RevMAP program include, but are not limited to:

    Homeowner(s) must:

    • Occupy the home as their primary residence.
    • Meet low and moderate area income limits.
    • Have an involuntary hardship that is supported by a completed and signed Hardship Affidavit.
    • Have adequate income to sustain required property expense payments, according to participating servicer guidelines, on a go-forward basis.
    • Complete the required tax and insurance default counseling (as required by FHA servicing guidelines).

    Property must:

    • Be located in California.
    • Not be abandoned, vacant, condemned, or uninhabitable.
    • Be currently subject to an FHA HECM or proprietary reverse mortgage loan serviced by a participating HUD-approved HECM servicer or a regulated financial institution.
    • Be a single family, 1-4 unit home (an attached or detached house or a condominium unit): mobile homes are eligible if they are permanently affixed to the real property that is secured by the first lien.

    Mortgage must:

    • Be a reverse mortgage loan – proprietary or FHA HECM loan.
    • Have a current mortgage balance of $729,750, or less.
    • Have delinquent property expenses that have been advanced by their servicer because the homeowner was in default or recognized by their servicer as being in imminent default.

    *Home equity lines of credit are not eligible for Keep Your Home California benefit consideration even if they are in first lien position.

    For more information on eligibility requirements, visit the program descriptions located here.

  4. What types of involuntary hardship are applicable to RevMAP?

    For RevMAP, typical involuntary hardships that impact a homeowner’s ability to pay their Property Taxes include:

    Exhausted HECM or Proprietary Reverse Mortgage Funds

    • If a homeowner chose the HECM or proprietary reverse mortgage direct annuity payout option, and their annuity is exhausted, then, yes, this is considered a hardship as a loss of income.
    • If a homeowner took a lump sum payout from the HECM or proprietary reverse mortgage and those funds are exhausted, then, the homeowner must have another qualifying hardship to demonstrate why the HECM payout was exhausted or they otherwise have a financial hardship.

    Income Reduction due to:

    • Reduction in base pay
    • Reduction in regular working hours
    • Elimination of Overtime
    • State/govt. employee receiving furlough days
    • Employees medical benefits are reduced or eliminated

    Death – Within Household

    • Death of a homeowner or death of either the primary or secondary wage earner in the household

    Death – Out of Household

    • Death of a family member out of the household.

    Medical (Long-term or Permanent disability)

    • Serious illness of a homeowner/co-homeowner or dependent family member
    • Medical Benefits reduced or eliminated
  5. ¿Cuál es la máxima asistencia de beneficios disponible para mí de RevMAP?

    RevMAP proporcionará hasta $25,000 por hogar en beneficios total de asistencia para reintegrar los gastos de propiedad pagados por su recaudador de préstamo en su nombre y ayudar a pagar por hasta 12 meses gastos de la propiedad.

  6. ¿Qué tipos de gastos de la propiedad son aprobadas para RevMAP?

    RevMAP aprobó gastos que incluyen impuestos de la propiedad delincuentes y seguros del propietario sin pagar, seguro contra inundaciones y cuotas de la Asociación de Propietarios de Casas o condominios, como requerido por la Escritura de Fideicomiso (Deed of Trust). Recaudadores serán reembolsados por los gastos anticipados que cumplen los criterios de gastos aprobados de RevMAP.

  7. ¿Cómo sé si soy elegible para aplicar para el programa RevMAP?

    Los propietarios deben contactar su proveedor de servicio para iniciar el proceso para la consideración del programa de RevMAP. Su entidad recaudadora determinará si usted está en peligro de perder su vivienda a una ejecución hipotecaria debido a su incapacidad de pagar los gastos requeridos de la propiedad y, si califica, iniciar el proceso de RevMAP.

  8. If I qualify for RevMAP assistance, do I have to pay it back?

    This assistance will be provided to eligible homeowners as a non-interest bearing loan secured by a junior lien against the property. You are not required to make payments on this loan. The loan will be forgiven, and the lien released, after two (2) years from the date assistance was provided. However, if you sell or refinance the property prior to the loan forgiveness date, you may be required to pay back the assistance from the proceeds of the sale or refinance of your home, providED there is sufficient net equity to do so. Homeowners who refuse to sign the Keep Your Home California Promissory Note, Deed of Trust and/or Benefit Award letter will be ineligible to receive Keep Your Home California assistance.

  9. Can I apply for assistance from Keep Your Home California more than once?

    Yes, if a homeowner’s situation changes after RevMAP benefit assistance has been provided, and they can no longer keep their home, it is possible to receive assistance from Keep Your Home California’s Transition Assistance Program (TAP). Qualifying previously for a Keep Your Home California program does not guarantee eligibility for another program. Homeowners must meet program eligibility criteria each time they apply for assistance.

    Each Keep Your Home California program was designed to provide struggling homeowners with a unique type of foreclosure prevention assistance. For more information about each program, visit the Programs web page or call 888.954.KEEP (5337) to speak with a Keep Your Home California representative who will explain program requirements and criteria.

  10. ¿Cuál es la fecha de inicio para el gravamen de RevMAP de dos años contra mi propiedad?

    La fecha de inicio de su período de dos años gravamen es de la fecha en que firmo la nota. Si permanece propietario calificado, incluyendo ocupando la propiedad, en todo momento antes y en el segundo aniversario de la fecha de la nota, el 100% de la cantidad principal excepcional bajo la nota será reducido y perdonado y liberado el gravamen.

  11. Will the RevMAP Promissory Note and Deed of Trust both be forgiven?

    Yes, at the conclusion of two years the Promissory Note will be forgiven and Deed of Trust will be released, however; if, during the two year term of the Promissory Note, your first mortgage loan is refinanced and you receive cash out OR if the property is sold with sufficient net proceeds to pay off all or any part of the CalHFA MAC loan, the Promissory Note will be required to be paid.

    • If you subsequently sell your home for less than the total amount owed, you will receive additional consideration from Keep Your Home California. Any amount paid to satisfy your Promissory Note as a part of a servicer-approved short sale or Deed in Lieu transaction will be received from the first mortgage lien holder; not you.