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Name: Jason Hector
Company: Action Investments- Real Estate and Loan Modification
E-mail: Contact Jason Hector (Action Investments- Real Estate and Loan Modification)
Website: http://www.firsthomeinla.com
Office Phone: (818) 626-6469
Cell Phone: (818) 357-9658
Fax: (866) 791-3290
Address: Porter Ranch, CA, 91326
Description: Need Help "Buying Your First Home" or "Help Avoiding Foreclosure", I am a Real Estate Broker, Ca Dept of Real Lic. #01481898. I work primarily in the San Fernando Valley area, Glendale and West LA

Serving the San Fernando Valley, CA

Search Homes For Sale and Home Buyer Programs in Los Angeles, CA

First Time Home Buyer Programs--Los Angeles County

1. 2009 Federal Tax Credit (IRS Form 5405)- The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Income limitations apply.

2. FHA (Federal Housing Administration) Loans – Offers a first mortgage with 3½ % down payment required and up to 6% in seller paid closing costs or repairs.

3. CA State Tax Credit - As of 7/3/09, the State of CA is no longer accepting new applications.

3. CalHFA Cal30-The Cal30 Conventional loan offers up to 95% financing. This first mortgage loan may also be combined with CalHFA junior loan programs for down payment and closing cost assistance to make owning your first home more affordable.

4. California Homebuyer's Downpayment Assistance Program (CHDAP)-Offers a deferred-payment junior loan of an amount up to the lesser of three percent (3%) of the purchase price or appraised value.

5. American Dream Down Payment Initiative (ADDI) - 6% Down Payment Assistance for Low Income First Time Homebuyers within the City of Los Angeles.

6. City of Los Angeles Housing Department’s Mortgage Credit Certificate(MCC) – Allows an eligible homebuyer to claim an annual federal income tax credit and is applied to a portion of the total mortgage interest paid every year for the duration of the first mortgage loan.

7. LA Housing Dept-NSP program—Provides funding for first time home buyers up to $50,000 for rehab repairs to buy bank-owned properties within specific “Priority” areas.

Please search for Homes for Sale as well as links to the First Time Home Buyer Programs.

San Fernando Valley including Northridge, Granada Hills, Burbank, Glendale, Simi Valley, Chatsworth, Burbank, Van Nuys, Pacoima, Arleta, Panorama City, Lake Balboa, Winnetka, West Hills, Woodland Hills, Sylmar, Reseda, Sherman Oaks, Encino and Tarzana. Los Angeles Area including West Los Angeles, Beverly Hills, Hollywood, Santa Monica, Brentwood, Bel Air, and North Hollywood.

As a California Real Estate Broker, I am the Broker or Record for Action Investments and have passed the more difficult Broker Exam in 2005. Also, I have retail banking experience of six years, and real estate investment experience since 2001.

I value my reputation and adhere to the National Association of REALTOR® Code of Ethics. I am committed to giving back to the real estate community through serving on the Southland Regional Association of Realtors Housing and Education Committees.

Loan Modification Info

On March 4, 2009, the Making Home Affordable Modification Guidelines were released for modification of First Leins.

Modification Payment Evaluator for MHA Workout --This handy calculator gives an estimate of your new payment with a Home Affordable Modification.

Modification Eligability for MHA Workout - Answer these five questions to determine if you are eligible for a Home Affordable Modification. If you are not eligible, other programs may be available.

Announced April 28, 2009, Obama's new program will work to extinguish second leins through financial incentives from the US Treasury. Details are found on the fact sheet for the Second Lein Program.