On April 2, 2009 the Housing Affordability Fund launched a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations.
· To qualify for the Mortgage Protection Program,
Applicants must:
.· Be a first-time home buyer – someone who has not owned
a home in the last three 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)
For a copy of the MPP Application Click here
This form must be submitted by an active California
REALTOR® to apply
For examples on How The Program Works Click Here
For a list of Frequently Asked Questions Click here
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