California to offer full mortgage repayments to eligible residents

California officials expanded the state’s mortgage relief program to help homeowners who fell behind on mortgage and property tax payments due to COVID-19 in the first half of 2022.

Now, the state will offer full refunds of missed mortgage payments up to $80,000 to residents who missed at least two payments before June 30 and are currently in arrears.

The program covers up to $20,000 in overdue property tax payments for mortgage holders who missed at least one payment by May 31. Previously, the program required homeowners to miss at least two payments before the program launched on December 27, 2021.

To be eligible, household incomes must be equal to or less than 150% of the median income of their region. In Los Angeles County, that’s about $178,000 a year for a family of four.

Nicole Evans, who works with the state program, said more homeowners can apply, but funds will be provided on a first-come, first-served basis.

“There are approximately 90,000 households that may be eligible for property tax reinstatement,” she said.

Funding of $1 billion to expand the program comes from the US Treasury.

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