$1,000,000 Mortgage Protection Program
|
This summer the C.A.R. Housing Affordability Fund is developing a Mortgage Protection Program with the purpose of restoring confidence in first-time buyers of California real estate listings. It is estimated that this program, funded with over $1,000,000, will help over 3000 California first-time buyers including many who buy San Diego North County homes. This program will apply to buyers who buy North County homes between April 2, 2009 and December 31, 2009. This new program tries to remove common objections such as follows: What if I loose my job, what if I become disabled, or what if the buyer or co-buyer dies?
$1,500 a Month for 6 Months
|
The C.A.R. Housing Affordability Fund allows first-time buyers to enroll in the new program and to draw upon the funds set aside in case they loose their job, or worse, after they purchase their North County home. Under the new program, first-time buyers that qualify will be eligible to receive $1,500 per month for six months in the event of a job loss. Co-buyers would be able to receive $750 per month. If there was a death of either of the insured, the new policy could provide a $10,000 death benefit.
Must Use North County Realtor, Preferably Gary Harmon
|
What does North County home buyers have to do to be covered? First they must be a first- time home buyer, that is, they must not have bought a home listing in the last three years. There are no caps on the applicant’s income or the purchase price of the North County homes they seek to buy. They must use a California Realtor, preferably Gary Harmon your North County Realtor, and they cannot be self employed or over 70 years of age. To apply for this program or to learn more about it, please contact Gary Harmon your North County Realtor by filling out the form below. You are also invited to call or text Gary. Get more first-time home buyer information and read Heated First-Time Home Buyer Market.
|