inland empire: Down Payment Assistance (CHDAP) for Inland Empire California First Time Home Buyers
- 11/08/10 07:50 PM
The California Housing Finance Agency (CalHFA) is making it easier for California''s first time home buyer’s to qualify for the CHDAP 3% down payment or closing cost assistance program for the Inland Empire residents, which covers Riverside and San Bernardino County. CalHFA reduced the buyers minimum financial contribution to just 1%! On a home purchase of $200,000, the home buyer only needs to contribute $2,000 of their own funds! Do you qualify? Lets find out with this checklist what is required. What is CHDAP: The CHDAP is a 3.25% deferred payment junior/2nd loan up to 3% of the purchase price. This … (8 comments)
inland empire: Be Glad You Missed the $8,000 Home Buyer Tax Credit
- 10/05/10 07:25 AM
Inland Empire California Home buyers who were frantically making offers on homes this spring, but missed the $8,000 federal home buyer tax credit deadline on April 30, may be happy they did miss it. Why? Because if they are still in the market to purchase a home, they could end up saving much more than $8,000 they received from the government. How is that possible? Two reasons. 1. Interest rates have dropped about .5% since the first quarter of 2010. Assuming home prices are the same, on a $200,000 loan with a .5% lower rate, a homeowner would save about $21,544. … (2 comments)
inland empire: Military Home Buyer Tax Credit Extension + VA Home Loans is a Great Combination
- 09/24/10 05:58 PM
Few people in California realize that members of the Military's Armed Forces, Foreign Service, and Intelligence community are granted an extension through April 30, 2011 to qualify for the $8,000 first time home buyer tax credit as well as the $6,500 tax credit for repeat or ‘move up' buyers tax credit. Qualified service members must fully execute a binding purchase contract in California's Inland Empire of Riverside and San Bernardino counties, San Diego, Orange County, or Los Angeles County, by April 30, 2011, and have until June 30, 2010 to close their transaction. I'll admit it, I don't always agree … (2 comments)
inland empire: The Biggest Benefit to Owning a Home (in my opinion)
- 06/28/10 06:19 PM
If you are thinking of buying a home somewhere in Southern California's Inland Empire, you have probably read about the obvious benefits of being a home owner before (see immediate list below). I'd like you to consider the ‘other', often unspoken benefit of owning your own home. I'm suggesting that a home can actually ‘build' a person. (make sure you watch the #1 song Miranda Lambert video to understand this).
Here are the Four Most Common Reasons or Benefits to Home Ownership: Tax Deductions. For both state and federal taxes, the interest paid on the mortgage is usually tax deductible....it's a tax … (5 comments)
The California Housing Finance Agency (CalHFA) is making it easier for California''s first time home buyer’s to qualify for the CHDAP 3% down payment or closing cost assistance program for the Inland Empire residents, which covers Riverside and San Bernardino County. CalHFA reduced the buyers minimum financial contribution to just 1%! On a home purchase of $200,000, the home buyer only needs to contribute $2,000 of their own funds!
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