California Association of Realtors now offers FREE Mortgage Protection Insurance to 1st Time Buyers through the Housing Affordability Fund!
The Mortgage Protection Program provides a combination of involuntary unemployment, accidental disabillity and accidental death protection for qualilfied 1st Time Buyers. Through this program, 1st time buyers who lose their jobs or become accidentally disabled may be eligible to receive $1,500 per month for up to six (6) months to help make their mortgage payments.
Mortgage Protection Program Frequently Asked Questions (FAQs)
Mortgage Protection Program Application
Wendy Cutrufelli
Broker Associate
925.917.1135
The positions on this site are my own and don't necessarily represent Alain Pinel Realtors' positions, strategies or opinions.
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Hi Wendy, we have seen some similar programs in our area including even protection against loss of equity if you stay in the house long enough and the value drops.
Great post, hopefully this will help move some inventory. Coupled with other programs this could be very powerful.
JP Lowry--President--Preferred Financial Funding, Inc
Gary, Nice to see you again. You have a program that protects against LOSS OF EQUITY? Lucky you! That is amazing.