A: Mortgage Protection for First-Time Home Buyers.
The C.A.R.H.A.F. Mortgage Protection Program is scheduled to run through the end of 2009.
To qualify for the Mortgage Protection Program, applicants must:
. Be a first-time home buyer – someone who has not owned a home in three or more 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)
To apply for the program, home buyers must request an application for the C.A.R.H.A.F. Mortgage Protection Program from their REALTOR®.
Source: CALIFORNIA ASSOCIATION OF REALTORS®
On Monday August 3, 2009, 12:00 pm EDT
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