calhfa: 100% Financing is Still Here - Even for Jumbo Loans
- 12/15/07 01:06 PM
Home Buyers can still purchase a home with No Money Down. The media is doing an awfully good job of convincing people that financing a home today is harder than getting tickets for Hanna Montana. This can't be further from the truth. Underwriting guidelines have tightened, but this is really only effecting about 10-12% of the mortgage market. It seems like a lot more than that right now because most loan officers never had to review pay stubs and certainly not tax returns to qualify a buyer. There are some people in trouble as well. Visit my blog on The President's … (4 comments)
calhfa: Qualify for more home with Below Market Interest Rates in California
- 12/15/07 12:44 PM
California Housing Finance Agency (CalHFA) For over 30 years, California Housing Finance Agency (CalHFA) has supported the needs of renters and first-time homebuyers by providing financing and programs that create safe, decent and affordable housing opportunities for individuals within specified income ranges. Established in 1975, CalHFA was chartered as the State's affordable housing bank to make below market-rate loans through the sale of tax-exempt bonds. A completely self-supporting State agency, bonds are repaid by revenues generated through mortgage loans, not taxpayer dollars. CalHFA offers: •· 100% Financing up to $921,719 •· Up to 106% Financing with down payment assistance programs •· Below Market Interest Rates •· 30 … (3 comments)
calhfa: How to Buy Your First Home
- 10/13/07 06:59 AM
Buying a first home is an exciting step. But for too many people, a first home seems like an unreachable dream. That's why we offer options that make getting started as a homeowner a little easier. Low Down Payments and Closing Costs are Possible The biggest challenge for most people is saving the money for the down payment and closing costs. While a larger down payment may make more options available to you, with many of today's loan programs, or with federally-sponsored loan programs from FHA and VA, you may be able to buy a home with minimal or no down payment at … (2 comments)
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