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FHA Home Buyer Program
1) Who is FHA? The formal name is the, "Federal Housing Adminisatration."
2) Who is eligible? Available to all to all U.S. Citizents and Legal residents of the United States.
3) What is the Program? A 3.5% down payment fixed or variable interest rate 30 year loan.
4) What's so special about this program?
A) Only 3.5% Down Payment is required
B) 100% of the down payment can be gifted
C) 100% of the down payment can be borrowed
D) Easier credit criteria than convential financing
E) Seller credit of 6% of sales price are allowed
F) Loan amounts up to $729,750
4) Where can I can buy a home? State of California
5) Who sets the interest rate? Market
6) Who sets the loan limits? FHA
6) What type of property can I purchase? Single Family, PUD or Condo (1 unit) as your primary residence
Please contact me for additional qualifying information. If you are an eligible borrower, please consider the FHA purchase home loan program. You will be pleasantly surprised!
VA Home Buyer Program
1) Who is VA? The formal name is the, "Department of Veterans Affairs."
2) Who is eligible? Active, retired and reserve members of the United States Armed Forces who have received an honorable discharge.
3) What is the Program? 100% financing on loan amounts <=$417,000. Limted down payment on loans up to <=$1,000,000. (limited by investor)
4) What's so special about this program?
A) No Down Payment for qualifying borrowers
B) No reserve requirements after closing
C) Can borrow money from your own retirement account for required down or closing costs
D) Easier credit requirements than conventional financing
E) Credits up to 4% of the purchase price from seller are allowed
4) Where can I can buy a home? State of California (US)
5) Who sets the interest rate? Market
6) Who sets the loan limits? VA
6) What type of property can I purchase? Single Family, PUD or Condo (1 unit) as your primary residence
Please contact me for additional qualifying information. If you are an eligible borrower, please consider the VA purchase home loan program. You will be pleasantly surprised!
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