There is mortgage insurance now available for first time buyers through the California Association of Realtors. This insurance is FREE for the first year. The qualifications are as follows:

• must be a first time buyer (have not owned a home in the last 3 years)
• open escrow after April 2nd, 2009
• must be represented by a California Realtor in the transaction and you must provide documentation to prove this

• you (and all other co-buyers on the Property Purchase Contract) must own no other real property during

  the escrow period on the Property Purchase Contract, whether as a sole owner or jointly;

• you have not previously received an Insurance Policy from Housing Affordability Fund; and

• you must meet all of the eligibility requirements set forth by the insurance carrier to receive an Insurance Policy.

The great thing about this program is that there are no income limits! For the full application, please click here.

If I can help anyone you know with purchasing a home and taking advantage of all the opportunities this market has to offer, please let me know.

Be Sociable, Share!

•