If you feel that a down payment is what is locking you out from buying a home, there are options! At Paramount Equity Mortgage we have some great 100% programs still available in this market along with the new down payment assistance program from the National Home Foundation.
This program allows for you to get into an FHA loan with only .50% down (yes, that is one half of one percent)! The National Home Foundation down payment assistance program is currently being offered by Paramount Equity Mortgage and is available to low-to-moderate income families and individuals with a grant that does not have to be repaid.
This program is available for the purchase of an owner occupied single-family residence, approved condominium or planned unit development located in the state of California.
The grant made possible through this program can be used towards the homebuyer's down payment and/or closing costs on a 30-year fixed rate fully amortized FHA, VA or USDA Mortgage Loan.
Available for purchases of both new and existing homes and is NOT limited to first-time homebuyers!
Call or email me for more info on getting yourself or your clients pre-qualified to buy with this program
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