Home : Blogs : Tamara Perlman, Lake Tahoe Truckee CA Real Estate : Tamara 's Green Real Estate Blog

Mortgage Help For First-Time Buyers in CA

This just in from California Association of REALTORS (C.A.R.) president James Liptak. On Thursday, April 2, the association is launching a program for first-time buyers who lose their jobs. The Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F. MPP) could provide up to $1500. per month for up to 6 months to make mortgage payments, to a buyer who loses their job. There will also be a $10,000. death benefit available. There are a number of qualifying factors, including opening escrow after April 1 and closing on the property before 12/31/09. And of course, the property needs to be in CA! C.A.R. is dedicating $1,000,000. to the fund this year. More information is available and an application can be requested from your REALTOR.

Tamara Perlman Coldwell Banker San Rafael, Marin County, CA. Tamara represents buyers and sellers in Lake Tahoe, Truckee, and Napa CA. Please call: 530-550-1299 or email Tamara at tperlman@coldwellbanker.com for more information on either market or general real estate inquiries. Search listings at www.TamaraPerlman.com

Posted by Tamara Perlman, Lake Tahoe Truckee CA Real Estate on 03/31/2009 10:21 PM

Comments (8)

New Mortgage Protection Program for 1st Time Buyers in the Home Buying Channel

carhaf mpp first time buyers mortgage protection lake tahoe truckee napa ca real estate

This post has been included in California Information
Post is included in group: Northern California Real Estate Professionals
Post is included in group: Internet Empowered Consumer
Post is included in group: Coldwell Banker Platform for Sharing Information
Post is included in group: Coldwell Banker Group
Post is included in group: CALIFORNIA DREAMING

8 Comments on Mortgage Help For First-Time Buyers in CA

APR

Tamara, wow, that seems like a very exciting program... Not sure if it will help or not. And it does sound strange coming from a local Realtor Association, but these are unique times. I have heard of similar programs from lenders. Anyway, if it helps you sell more homes and has no negative repercussions for you, I'm all for it!!! Sounds like a win-win.

APR

Tamara, it must hurt realtors when they have huge auctions stating BUY now in California then a home seller who cant sale. Of course media drives business to us here in Dallas.

Tamara, great program for contribution, however can you purchase a home in CA for $1500 per month ? Wow how do I apply.... this is great ! good luck to all including realtors sale homes.

Hi Lynn--Yes, there are homes in CA that the mortgage might be $1500 or less. It depends on location, location, location. There are a lot more locations where this can be done now. Our state-wide median has dropped significantly from a few years ago!

Hi Lynn--Depends on the area. In Tahoe, we don't see much for auction activity, a house here or there. In Truckee, our units sold are down from 2004, but they're not too far off from other years. North and West Shore of Tahoe have seen a significant drop in the number of homes sold this year.

APR

Tamara, yes in some states employment is down difficult for many, I heard Gov. Perry speak yesterday interesting published facts he shared about Texas. have a great and successful week.

MAY

I'd like to know more.

tj--Contact me directly at tperlman@coldwellbanker.com and I'll answer your questions.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?