Zorell's Industry Updates

***ATTENTION FIRST TIME HOMEBUYERS***

Zorell Is Proud To Offer The C.A.R. Mortgage Protection Program

To help provide first-time home buyers with peace of mind when purchasing a home, the CALIFORNIA ASSOCIATION OF REALTORS® Housing Affordability Fund (C.A.R.H.A.F.) is offering a mortgage protection program to first-time home buyers.

Through the C.A.R. Housing Affordability Fund’s Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months to help pay the mortgage.

To qualify for the Mortgage Protection Program, Applicants must:

1.       Be a first-time home buyer – someone who has not owned property in the last three years (includes co-buyer).

2.       Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009 (purchase agreement cannot be dated before April 2, 2009)

3.       Use a California REALTOR® in the transaction

4.       Purchase the property in California

5.       Be a W-2 employee (cannot be self-employed)

Click Here for C.A.R. Application

For additional Mortgage Protection Coverage – Click Here