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santa ana: The Death of the $0-Down Home Loan? - 01/20/08 09:58 PM
I represent a buyer who was pre-approved for a CALFHA $0 down loan!  6% .  And with a seller concession of 3%, she can get into a home with $0 out of pocket!
Is this one of those evil, sub-prime loans that going to exponentially jack up her payment in a year or two resulting in another foreclosure?  NO!  I am perennially opposed to  such an awful product!  This is a CalFHA loan.  And for those of you who can remember way back when, the CalFHA used to be a bear to deal with…not so anymore!
Instead of an indefinite period … (1 comments)

 

Richard Gayle, Broker

Tustin, CA

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The Real Estate Marketplace

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