BrokerageIndustry News

California Realtors get new tools

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The California Association of Realtors today launched a new tool to help real estate professionals and their homebuyer clients find buyer assistance programs throughout the Golden State.The California Mortgage Resource Directory is powered by Down Payment Resource, which connects eligible homebuyers and eligible properties with government-funded programs for down payment assistance, affordable fixed-rate mortgages, mortgage credit certificates and rehab loans. Buyers can search the directory by city or address, enter their household size and income, and specify whether they may have special circumstances, such as a disability or membership in the Army. The tool saves the information entered for a maximum of one hour and does not store it on its servers."Millions of dollars go unused every year because homebuyers are unaware of the various buyer assistance programs available to them," said CAR President Don Faught in a statement. "With California Mortgage Resource Dire...