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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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Telephone: 760-471-5098
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Based on information from California Regional Multiple Listing Service, Inc. as of September 26, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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