If you are a first time home buyer in California, the California association of Realtors has a free program for first time home buyers that will guarantee a mortgage payment up to $1,500 per month for up to 6 months in the event of job loss.  In order to qualify, you must buy your home using a Realtor in the state of California.  You must not have owned a home in the last 3 years to be considered a first time home buyer.  You must close a home between 4/2/2009 to 12/31/2009 and it must be your principle residence and you must be a W2 employee.  If you are interested in taking advantage of this program call our office.  We will help you secure an Orange county home and qualify for this special free mortgage protection.  To read more about this program visit the California Association of Realtors for details.  This program is subject to availability of funds and is offered on a first come first serve basis.