Skip to content
Home » Valentine's Day » Stimulus checks worth $80,000 going out until 2025, here’s how to qualify

Stimulus checks worth $80,000 going out until 2025, here’s how to qualify

A certain population could qualify for stimulus checks worth as much as $80,000 until the year 2025.

Californians who own their homes may be eligible for mortgage relief grants on behalf of the U.S. Treasury Department.

The Department has allocated $1 billion dollars to residents struggling to pay their mortgage because of the pandemic.

Related: Plus up stimulus check payment schedule, deadlines, and how to claim

The program, called the California Mortgage Relief Program, will help 20,000 to 40,000 struggling homeowners.

The money comes out of the American Rescue Plan’s provision called the Homeowner Assistance Fund.

The grants are specifically aimed at helping residents in disadvantaged communities and will help pay late mortgage payments that are already past due.

Related: Over 800,000 stimulus checks worth $1,100 were sent out yesterday, who gets them?

This program is different from the Housing is Key program, which aimed to specifically help tenants and landlords.

This program is geared only to those who own their homes and pay mortgages.

Who is eligible for the $80,000 stimulus grant?

Any resident of the state at or below 100% of the county’s area median income may apply for this one time grant.

The person applying must own either a condo, manufactured home, or single family home while proving they suffered financially because of the pandemic after Jan. 21, 2020.

Related: Here is how you can claim the new stimulus payment worth up to $8,000

Applicants need to be out of options for paying their mortgages, on public assistance, and at risk of losing their home.

Applications aren’t being accepted yet, but will be soon here. More information is available through the website as well.

Documents needed to apply for the California Mortgage Relief Program

  • mortgage statement
  • utility bills
  • proof of income
  • bank statements

Related: There are 13 tax deductions to know about to prepare for your 2021 taxes

If approved, applicants could see as much as $80,000 and the payment would bypass the applicant and go straight to the mortgage lender.

Categories: News