My associate and neighbor Greg Cook just posted this valuable information that I thought was great news for first time buyers in our area.  Greg is a very experienced loan officer who can assist consumers with finding the best fit financing when purchasing a home. 

Via Greg Cook (FirstTimeHome.us):

First time home buyers in Temecula, Murrieta, and other parts of Riverside and San Diego County just received another boost in their efforts to make the big move from first time homebuyer to first time homeowner.
The California Housing Finance Agency (CALHFA) just announced their new CALHFA FHA loan program.
The program offers a number of features designed to help low to moderate income families achieve their dream of homeownership. CALHFA Low Rate Financing Available

  • 4% interest rate - You just saved $89/mo over prevailing FHA rates (based on $200,000 loan amount)
  • Down payment assistance in the form of a CHDAP second mortgage at 3.25% (may be used for down payment assistance or closing costs). When used interest rate is 3.875%
  • When combined with a qualified down payment assistance program an interest rate of 3.75% may be available. (Riverside County FTHB program qualifies)
  • To qualify you cannot have owned a home in the last 3 years, meet the income requirements based on family size and qualify for the first mortgage based on your income and credit, and be purchasing a home within the maximum sales price limits for your county.
  • May be combined with special Riverside County tax credit for first time home buyers
  • Program is available for new and resale homes

CalHFA does not lend money directly to consumers. CalHFA works through and uses approved private lenders to qualify consumers and to make all mortgage loans
For more information on the CALHFA first time home buyer program

Check us out on Facebook Temecula 365 Things to Do

GOOGLE ME

Greg Cook

First Time Home Buyer Specialist

First Time Home Buyer Network

951-265-4532

greg@homebuyerhelpnetwork.com

http://firsttimehome.us

 Temecula Home Search Find me online...

linkedin   facebook   twitter   google plus       

 LINKS TO SOME OF MY MORE POPULAR POSTS:

MENIFEE HOMES IN, "THE CLUB"

ARE ZEASTIMATES ACCURATE?

BEAR CREEK GOLF COURSE HOMES TEMECULA

            

 

0 Comments on Temecula first time home buyers may qualify for 4% home loans

Login or register to leave a comment
 
P1010463 Rainmaker_large

Jane Grant - Temecula Home Search, Temecula Homes, Temecula, California

Temecula, CA

More about me…

Jane Grant, "Temecula Homes", Southwest Real Estate

Address: 43460 Ridge Park Drive, Suite 200, Temecula, CA, 92590

Office Phone: (866) 621-0155

Cell Phone: (951) 757-6152

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog