fha: CA Home Buyer's Loan Options in 2011
- 05/17/11 08:42 AM
2011 is the year of CHEAP MONEY! With interest rates so low it is a great time to buy a home, or refinance a current loan. Recently, I held a Home Buyer's Seminar where Mr. Jeff Parks, Bank of America Loan Officer, spoke about current financing options. Watch his video about Types of Loan Programs: GOVERNMENT LOANS: -FHA -203 K "rehab" loans for homes that won't qualify for financing or upgrades financed -VA -Fixed Period "Hybrid" Arm -15 and 30 Year Fixed -GIFT FUNDS can be used -LOW DOWN PAYMENT 3.5%/NO DOWN PAYMENT -NON OCCUPYING CO-BORROWERS Current Maximum Loan $729,750 CONVENTIONAL (0 comments)
Ah, my dear Federal Tax Credit, parting will be such painful sorrow. You have seduced my First Time Home Buyers with your irresistible offer of $8,000. They have been lined up waiting to catch a glimpse of your promising reward, but now they may not make it past the front door before you say goodbye on December 1. Before seeking you out they made sure their maximum AGI of $95,000 single and $170,000 jointly met your requirements. For their patience and bravado you offered them up to 10% of their new homes purchase price not to exceed $8,000. They swore allegiance that they would maintain primary residence and keep it for three (2 comments)
fha: You CAN Buy Your First Home With VERY LITTLE Money Down!
- 06/02/09 02:09 AM
You CAN Buy Your First Home With VERY LITTLE Money Down. Hot Off the Presses: US Housing and Urban Development Secretary, Shaun Donavan, Announces That Home Buyers with FHA Insured Home Purchases Can Apply $8,000 Tax Credit Toward Down Payment and/or Closing Costs! All those first time home buyers who are having trouble coming up with the 3.5% required down payment + closing costs for a Federal Housing Administration insured loan have been offered a hand. They can now use their American Recovery and Reinvestment Act of 2009 tax credit of up to $8,000 for the purchase of their first home if they meet (0 comments)