My New Blog

In addition to the federal tax benefits of up to $8,000 currently offered to first time home buyers, there is a new incentive in town.  Today California Association of Realtors announced a new program for first time home buyers who may be concerned about an unstable job market.  This program provides mortgage protection in the event of a homeowner's subsequent job loss.  The program pays up to $1500 of the homeowner's mortgage per month, for up to six months, following job loss.  In order to be eligible, the homeowner must be an employee--its not available for the self employed or military personnel. The program applies to first time home buyers who enter in to escrow on or after April 2, 2009 and participants must submit an application. For more info visit the California Association of Realtors website at  www.car.org/aboutus/hafmainpage.

Happy home shopping! 

If you have any questions about this program or any other real estate related questions, please do not hesitate to ask.  Melinda