Many homebuyers, especially first-time-home-buyers, believe they haven’t got a chance of being able to qualify for a home loan for a especially if they are looking for 100% financing. This is not only sad but extremely untrue!

There are not only financing options that don’t require a down payment such as VA loans and FHA has both ARMs and Fixed rate mortgages that aren’t FICO driven. Cal-HFA, which is based upon CA tax bonds, is intended to increase home ownership in CA, has first time home buyer programs along with down payment assistance programs.

There are other down payment & closing cost assistance programs available in the forms of

• Gifts
• Grants
• Deferred payment 2nds
• County & city programs

besides the ones offered by the state (Cal-HFA).

Many of these programs can be used in conjunction with each other so when necessary a loan can be processed with several ‘layers’ to accomplish 100% financing. So,

You Can Keep the Dream Of Homeownership Alive!

Combine the dream with the bargains available out there and you can get a home as well as an investment!

**I attended a Cal-HFA workshop last week (an unexpected plus was becoming certified) and intend to share some of the information gleaned there with other real estate professionals here on AR. Watch for the posts.**