California Association of Realtors launches mortgage protection plan for first-time home buyers
The California Association of Realtors has launched the C.A.R. Housing Affordability Fund Mortgage Protection Program, for first-time home buyers in
Through this Program, first-time home buyers who lose their jobs due to lay-offs could to receive $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer can also participate in the program, and receive $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit.
C.A.R.’s Housing Affordability Fund is dedicating $1 million toward its Mortgage Protection Program, and estimates that as many as 3,000 families will benefit from the program this year.
Tags: california, insurance, mortgage, protection, realtor