down payment assistance: 100% Financing Still Available - 05/12/08 12:36 PM
Many homebuyers, especially first-time-home-buyers, believe they haven’t got a chance of being able to qualify for a home loan for a especially if they are looking for 100% financing. This is not only sad but extremely untrue! There are not only financing options that don’t require a down payment such as VA loans and FHA has both ARMs and Fixed rate mortgages that aren’t FICO driven. Cal-HFA, which is based upon CA tax bonds, is intended to increase home ownership in CA, has first time home buyer programs along with down payment assistance programs. There are other down payment & closing
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down payment assistance: It's a Great Time for Buyers - 04/25/08 02:49 PM
Those who think they’ve been excluded from the dream of owning their own home need to think again. While it’s true many conventional lenders have tightened their lending & underwriting requirements there are other programs that have become more flexible. Grants offer down payment assistance,FHA gives borrowers competitive interest rates & flexible debt-to-income ratiosVA & Cal-Vet loans offer lower than market interest rates, a low or no down payment and expanded eligibility so that nearly every veteran can buy a homeSpecial programs for Police, Firefighters, Healthcare Workers and Teachers
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