Tuesday, August 9, 2022

The Best Down Payment Assistance Programs California 2022

Minnie Lou makes an appearance in this video YAHHHH lol Take a listen and find out what all 1st time buyers need to know when applying for a buyer program.  I created this Educational Video to really expose all the pros and cons of The Cheno Fund Buyer program. This video has so much information it can really be used as an educational tool to evaluate ALL buyer programs nationwide to Regular FHA Home Loans And FHA Loans where the buyer gets a closing cost credit.  Why not know ALL of YOUR Options.  Listen in where i discuss The Best Down Payment Assistance Programs in California 2022.  I love this video it has soooo many practical tips and information for you to make the best choice in selecting financing.  

The Chenoa Fund is nationwide, we only do it in California but are happy to refer you to a lender partner.  Ready To Buy, Sell or Refi? Call or text today! at 909-920-3500 OR visit https://tdrmortgage.com/

Friday, May 6, 2022

Calhfa New 10% forgivable 2nd for California 1st Time Buyers | Californ...

Calhfa New 10% forgivable 2nd for California 1st Time Buyers | Californ...

CalHFA fORGIVABLE EQUITY BUILDER LOAN is NOW available to California 1st Time Buyers. (haven't owned a home in 3 years) 10% forgivable 2nd after you live in the home for 5 years No Non-Occ Co-Borrowers Calhfa 1st | 640 Fico | 45% Debt Ratio Very Restrictive Income Limits = 80% of median income (fannie mae look up link https://ami-lookup-tool.fanniemae.com... Local Income Limits Orange County CA is 68,880.00 and San Bern / Riverside CA is 62,000.00 We don't see this being very useful in Southern California with home prices exceeding what a borrower with this income would qualify for. Would work Excellent in areas where you could buy a home for around 270-315K. Sales price will vary based on Income and debts. This is just an rough estimate to give you an idea of what the sales price would be on this program.