down payment assistance: Surprise... You May Be Considered a First Time Home Buyer
- 07/11/11 06:50 AM
Who qualifies as a first time home buyer? That is a valid question. To answer it is important to know "who" is asking. The general definition is: Someone that has not owned a home in the past 3 years would be considered a 1st time home buyer. The word "home" becomes a key point. To prove lack of home ownership a buyer is required to provide copies of three years 1040 tax returns. Lenders, or agencies verify that no mortgage interest was deducted for those years. But, what about the buyer that has owned real estate rental that was not … (1 comments)
down payment assistance: Cash to Close Tip#4 of 10 Tips You Should Know Before Buying a Home
- 02/21/11 09:38 AM
You will need funds for down payment and for closing costs. Buyers typically tell me they have so much ($5,000 - 50,000) to put down. My question follows... Is that what you plan to invest in your purchase, or is that only for down payment... meaning that you will have additional funds for closing costs. Therefore... what you really to let your lender know is how much do you have to invest. That will along with your income and debt determine how much house you can buy. Let's seperate the two; down payment and closing costs. 1. Down payment refers to the … (0 comments)
down payment assistance: Tip #3- Down Payment. (Ten Tips You Should Know Before Buying a Home)
- 01/30/11 02:45 PM
You will need a down payment. Down payment requirements vary depending on the loan type. Most conventional loans currently require 10 - 15% down depending on the location of the property. FHA loans require 3.5% down and VA will still allow a veteran to buy with ZERO down payment. One reason for find a knowledgable lender, especially if you are a first time home buyer, is to be provided with information as to options available for you. Those options could include down payment assistance in the form of a silent 2nd or a grant. A silent 2nd is a loan that has … (0 comments)
down payment assistance: No Tricks only a Huge Treat for New Home Buyers
- 10/28/10 04:14 PM
If you are a first time home buyer you have a huge advantage in buying a newly built home from your favorite New Home Builder! Through funds made available to the State of California, the School Facilities Fee Grant is back. If you don't know about this wonderful program you'll definitely want to send me a query, or give me a call at 800-530-9421 to discuss. The incredible short version is that what ever the dollar amount of school fees paid to the school districts as part of the permitting process where your home is being built... could be a grant … (0 comments)
down payment assistance: One Percent Down Payment ?? Yes, in California DAP is Back!
- 09/11/10 05:23 PM
The challenge in today's market for 1st time home buyers - isn't new... It takes time to save 3.5% for a down payment and possibly more for the closing costs if the seller isn't ready or willing to assist. Now however, CalHFA has brought forth a new program just in time for the fall selling season that will help both buyers and hard hit new home sales communities where buyers can find some of the best buys. The CalHFA FHA 30 year fixed rate Government Insured loan program requires no home ownership for the last 3 years, and has income restrictions based household size. … (8 comments)
Brings fresh information about Placer County lifestyle information... specializing in vineyards, vineyard homes and vineyard lifestyles. Opportunities for Home wine making, and local color and activities centered around local wineries, and venues of Auburn, Loomis and Newcastle.
Additionally, with my background in lending I bring information about short sales, changes on laws and lending that impact you as the Seller and the bank approval process.
Who qualifies as a first time home buyer? That is a valid question. To answer it is important to know "who" is asking. The general definition is: Someone that has not owned a home in the past 3 years would be considered a 1st time home buyer. The word "home" becomes a key point. To prove lack of home ownership a buyer is required to provide copies of three years 1040 tax returns. Lenders, or agencies verify that no mortgage interest was deducted for those years. 
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