Free Mortgage Protection Program For First-Time Buyers

Under this FREE program provide your qualified buyer up to $1,500 a month for up to six months in the event of job loss to help pay the mortgage; a $750 monthly benefit also is available for a qualified co-buyer. There is no cost to you! See below for program qualifications.

In order to qualify for the Mortgage Protection Program, applicants must:

• Be a first-time home buyer - someone who has not owned property in the last three years (includes co-buyer)
• Open escrow April 2, 2009, or later, and close on or before December 31, 2009 (purchase agreement cannot be dated before April 2, 2009)
• Use a California REALTOR in the transaction
• Purchase the property in California
• Be a W-2 employee (cannot be self-employed)

If you would like more information or have any questions please contact Brodie Stephens or Sami Siddiqui at www.localhomelink.com

Source California Association or Realtors