RSS

C.A.R. H.A.F. Mortgage Protection Program

18 Aug

On April 2, 2009 the Housing Affordability Fund launched a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations. Qualifying buyers can receive up to $1,500 a month for up to six months in the event of job loss, a qualified co-buyer can also receive a $750 benefit for up to six months to help pay the mortgage.

To qualify for the Mortgage Protection Program, Applicants must:

-Be a first-time home buyer
-Open escrow April 2, 2009, or later, and closed 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)

Advertisements
 
Leave a comment

Posted by on August 18, 2009 in Real Estate

 

Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: