first time home buyer: Home Buyer Programs Available Including Down Payment Assistance, Federal Tax Credit, and Low Down Payment First Mortgages for First Time Buyers - 07/16/09 08:38 AM
American Dream Down Payment Initiative (ADDI) - 6% Down Payment Assistance for Low Income First Time Homebuyers within the City of Los Angeles. City of Los Angeles Housing Department’s Mortgage Credit Certificate Program (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. Neighborhood Stabilization Program – Up to $75,000 for low income and $50,000 for moderate income when purchasing foreclosure or foreclosed properties located within the NSP Priority Area. 2009 Federal Tax Credit (IRS … (0 comments)

first time home buyer: California Budget Woes cause Temporary Suspension of Some CalHFA Programs - 01/23/09 01:16 PM
 Here's a list of programs currently available:
·         American Dream Down Payment Initiative (ADDI) - 6% Down Payment Assistance for Low Income First Time Homebuyers within the City of Los Angeles.
·         City of Los Angeles Housing Department's Mortgage Credit Certificate Program (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.
·         SRAR First Time Home Ownership Grant - Southland Regional Association of Realtors currently offers a $4000 grant to low- and moderate-income … (1 comments)

first time home buyer: Buyers Market is back in California!!! - 05/27/08 07:09 PM
THE BUYERS MARKET IS HERE, LETS OPEN ESCROW!!!
The buyers market is finally here!!!  According to the March 2008 “Housing Market Indicators” published by the Federal Home Loan Mortgage Corp, the inventory of unsold homes in California was 11.6 months, almost a full year.  This is a 52.6% increase from a year ago levels of just 7.6 months.  This large increase in inventory has helped many first time home buyers to now afford to buy.
For example, a condo in Tarzana, Ca that rents for about $1400 per month can now be purchased for around $200,000.  If you have a down-payment … (2 comments)

first time home buyer: Tips for Credit Improvement and Repair - 03/13/08 09:30 AM
1. Probably the most obvious and also the most important is always pay on time.  Keep in mind that once you are more than 30 days late on a credit account, there will be a derogatory on the credit report.
2. Have a variety of credit types extended to you.  For example, credit cards, car loan, student loan, mortgage loan, etc.  These are all different types of loans as seen by the credit bureau.
3. Since length of credit files helps your score, keep you oldest accounts open with a zero balance.  Do not close these accounts because it will drop … (0 comments)

first time home buyer: 100% Financing Available??? - 03/03/08 04:22 PM
As most of us know, the availability of zero down programs has almost completely dried up.  However, there are still some lenders that are still doing 100% financing.  They do come and go as the funding dries up or underwriting standards change.
Does anyone know of any lenders who are offering zero down today?  Please share so we can get more deals done. 
Please mention if the lender or loan officer is retail or a wholesale account executive.   
Thanks for your comments on my blog and best of luck to all.
(2 comments)

 
Jason Ian Hector, Real Estate Broker in California and Hawaii (Action Investments and Hawaii Pacific Realty)

Jason Ian Hector

Real Estate Broker in California and Hawaii

Porter Ranch, CA

More about me…

Action Investments and Hawaii Pacific Realty

Address: 11630 Seminole Circle, Northridge, CA, 91326

Office: 818-357-9658

Fax: 866-791-3290

Email Me

San Fernando Valley Realtor Specializing in Foreclosure and Short Sales in the Los Angeles and Ventura Counties.


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