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Down payment assistance even if you're not a first time home buyer in California?

By
Mortgage and Lending with Platinum Home Mortgage NMLS ID#283159

Does it seem like first time home buyers in California are getting all the "love" when it comes to home buying incentives?

Without question, most of the government programs in California are geared toward first time home buyers, but help is on the way for many of you who aren't first time home buyers.

Owning a home may be easier than you thought possible with the CHF ACCESS Down Payment Assistance Program. The Program is designed to assist low-to-moderate income homebuyers with the purchase of a home, by providing a means to finance most of the associated down payment.

The Program combines a 30-year fixed interest rate FHA First Mortgage Loan with down payment and/or closing cost assistance from CHF in the form of a low fixed interest rate Second Mortgage, making combined financing up to 99.5% of the purchase price possible.

It is available for purchases of both new and existing homes, as long as the home will be the primary residence of the homebuyer, and does not require that the homebuyer be a first-time homebuyer. Those who may have owned a home in the past are still eligible to apply for CHF ACCESS.




Highlights:

  • NOT limited to first time home buyers
  • NO sales price limits
  •  Financing available for Down Payment and/or Closing Costs
  • Purchase of primary residences only
  • Higher income limits (by County)
  • New or existing homes eligible
  • Available throughout California

Want more information on down payment assistance, contact us.

Comments (2)

Jenny Durling
L.A. Property Solutions - Los Angeles, CA
For Los Angeles real estate help 213-215-4758

Interesting! I have never heard of this. I'll take a look at your links. Thanks for sharing this.

Aug 15, 2012 06:58 AM
Greg Cook
Platinum Home Mortgage - Temecula, CA
Mortgage Consultant NMLS ID# 283159

Jenny, it's a great program. The income limit for LA County is about $85,000 a year and if you venture to Ventura County it's about $105,000 a year.

Good luck and don't hesitate call with your questions

Aug 15, 2012 07:40 AM