DEADLINE: HOME MUST CLOSE BY DECEMBER 31, 2009.
AND YOU MUST USE A REALTOR TO REPRESENT YOU IN THE PURCHASE OF YOUR HOME.
Call Regina Flores for details: #760.788.0721
Take advantage of the C.A.R. Housing Affordability Fund’s Mortgage Protection Program. The program was developed to help address first-time home buyers’ concerns about potential job loss and how such a loss would impact their ability to make their mortgage payment. Through the Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for up to six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months.
Best of all, this program is totally free to you and your clients through C.A.R.H.A.F.,
• To qualify for the Mortgage Protection Program, Applicants must:
. • Be a first-time home buyer – someone who has not owned
property in the last three years (includes co-buyer).
• Open escrow April 2, 2009, or later, and close on or before
Dec. 31, 2009 (purchase agreement cannot be dated before April 2, 2009)
• • Use a California REALTOR® in the transaction
• Purchase the property in California
• Be a W-2 employee (cannot be self-employed)
Information provided by CA Association of REALTORS-