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California Association of Realtor’s just Launched a Mortgage Protection Program for First Time Home Buyers

Wednesday, October 24, 2018   /   by Tim Minjares

California Association of Realtor’s just Launched a Mortgage Protection Program for First Time Home Buyers

Good News for First Time Home Buyers (a person who hasn't owned a home in the last 3 years) CAR just launched a Mortgage Protection Program for you!  If you are worried about buying a home because of a potential job loss you could be covered!

The criteria to qualify for this program as noted on car.org is:


Be a first-time home buyer – someone who has not owned
a home in the last three years.

Open escrow April 2, 2009, or later, and close on or before
Dec. 31, 2009

Use a California REALTOR® in the transaction

Purchase the property in California

Be a W-2 employee (cannot be self-employed)

With this new program, if you loose your job due to a layoff you could be eligible to receive up to $1,500/month for up to six months.  A qualified co-buyer also may be eligible for this program and receive up to $750/month for up to six months. This program also provides benefits for accidental disability and a $10,000 death benefit.

Contact us today to start looking for the home of your dreams!

The Jonville Team

Nicolas & Jena Jonville
Anne Mahoney, Paige Marvil & Todd Stearman - Realtors
Kate Goodale - Agent/Real Estate Consultant

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Jonville Team | Keller Williams
1501 San Elijo Rd S. Suite 101-102
San Marcos, CA 92078
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