Clovis Mortgage Protection Program

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Clovis Real Estate News

August 7th, 2009

Mortgage Protection Program for First-Time Clovis Home Buyers!

If you’re a first-time Clovis home buyer there’s great news! The Housing Affordability Fund launched a new program to encourage first-time home buyers to buy a Clovis home. We’ll explain this new program, how it works, why it provides peace of mind when buying a new home.About the Program. The Mortgage Protection Program protects Clovis first-time home buyers and actually pays your mortgage if you lose your job. It’s a FREE program offered by the California Association of REALTORS® Housing Affordability Fund (“CARHAF”).

What are the benefits? You receive up to $1,500 per month for up to 6 months to help make your mortgage payments. A qualified co-buyer can also receives up to $750 per month, for a total of $2250 per month.

Who Qualifies?

To qualify for the program, you must apply and:

Be a first-time home buyer (i.e., have owned property in the last 3 years – includes co-buyer).
Open and close “escrow” between 4/2/2009 and 12/31/2009.
Purchase a principal residence in California.
Be represented by a California REALTOR®.
Be a W-2 employee (i.e. can’t be self-employed) although you can be a sole proprietor, partner or controlling stockholder in the business in which you are employed, or a dependent of a sole proprietor, partner or a controlling stockholder in the business in which you are employed.
There are no income or home price caps under this program.

How Do You Apply? You can apply through us, Clovis Real Estate. Let us know and we’ll submit the completed application on your behalf.

Application. For an application, click here.

For a list of Frequently Asked Questions, click here. Or for more information about the Program call Della Romero at RealCare at 800-939-8088 or email her at [email protected] Let us know if you would like to take advantage of this program!

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This entry was posted on Friday, August 7th, 2009 at 9:23 AM and is filed under Home Buying Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.