105 % Home loans in Moreno Valley
Yes! you heard ( read ) correctly 105% finanacing is back! What does this mean? In Simple Terms
Banks are willing to Finance a house 5% over the appraised market value!!! This is HUUUGE news for on the fence buyers. Example, you find a house for sale, it goes into escrow at $300,000, that means you can get a loan for $315,000. This is a brand new FHA Loan that was annouced today! Keep in Mind that the loan is based on full income documentation. Which means little to nothing since most loans are now required full documentation anyway.
For more information about 105% financing Home Loans in Moreno Valley California Please Call Robert Rivera (951) 809-9336 NMLS # 516344.
Robert is a Licensed Lender Serving the Moreno Valley Area, he has been in business since 2005. This knowledge inculde down payment assistance programs, first time buyers, land financing, and commercial financing. This 105% financing program is offered through the California House Financing Agency (CALHFA). Residents of Corona can now take advantage of such programs with little to no down payment Requirment. If you already have been qualified for a House and are looking for a second opinion this 105% home loan can be right up your alley and possibly save you thousands of dollars in out of pocket expense, Or if you would like to search Homes for sale in Corona Ca please visitwww.GonzalezGroupSells.com
105% Home Loans too goo to be true?
Some home loan programs seem too good to be true but if we look at what types of loans have made over the last 4 years we can include one of the most used home loan assistance programs out these CHDAP California Home Down payment assistance program. If you have ever seen signe promoting "Buy this house for as little as $1500 Down" or buy a house with just half a percent, it is this program they are most likly talking about. This program has been responsible for making more homeowners in California than the rest combined. Yet, people said this was too good to be true. This Down payment Program was commonly used in the hardest hit areas like, Moreno Valley, Perris, Riverside, Corona, San Bernardino, Fontana, Rialto, Temecula.. You get the point it was commonly used for Home Loans. I believe if this 105% home loa stick for a while it might surpass CHDAP, but we have to see how funds are available. So hurry !
For more information about 105% financing Home Loans in Corona California Please Call Robert Rivera (951) 809-9336 NMLS # 516344.
Comments(0)