This program is offered by the California Association of REALTORS Housing Affordability Fund (CARHAF) to help build confidence in the purchase of a home and to reduce the fear of foreclosure due to job loss or accidental death or disability. The program is for first-time homebuyers (one who hasn't owned a home for at least 3 years) and allows those who lose their jobs or become accidently disabled to receive up to $1500/month for up to 6 months to help make their mortgage payments. A qualified co-buyer can also participate for a reduced monthly benefit of up to $750/month for up to 6 months in the event of job loss or disability. The program also offers a one-time $10,000 accidental death benefit. The best part of all: it costs the buyer nothing for the first year. One must open escrow by 4/2/2009 and close by 12/31/2009 and the home must be a primary residence in California. One must also be represented by a California REALTOR who will submit the completed application to CARHAF on the home buyer's behalf . The buyer must be a W-2 employee (not self-employed), not a temporary or seasonal worker, not an educational employee on a scheduled break, and one may not work for their immediate family. There are no income or home price caps under this program. There are some exclusions and also more information about the program--please call or email us and we will gladly answer your questions or send you more information.