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. 

Effective Aug. 1, changes were made to the C.A.R.H.A.F. Mortgage Protection Program.  To learn more about these changes and how to get your clients pre-qualified for the C.A.R.H.A.F. Mortgage Protection Program, please visit http://www.car.org/aboutus/hafmainpage/carhafmortgageprotection/ .

For questions about MPP, call (213) 739-8380.  To access an application, or for more information about C.A.R.H.A.F., please visit:  http://www.car.org/aboutus/hafmainpage/carhafmortgageprotection/