Homeownership with CalHFA

Caroline Gerardo at EAGLE HOME MORTGAGE
a Lennar Homes Company can help you with this
excellent financing solution to avoid having
a mortgage insurance payment added to
your monthly principle and interest payment.
By financing your mortgage insurance
costs in one lump sum into your loan amount, you can
potentially lower your monthly payments.
OR -For the same monthly payment qualify
for a larger loan amount.
It’s your choice!
There also may be tax benefits to this approach
(please consult your tax advisor).
Layer this with our grant program,
or bond programs, and or MCC credit
you can buy more of a home than you might think.
Exciting Good NEWS:
The California Housing Finance Agency announced
an amazing opportunity that helps more
low to moderate income California families purchase homes.
CalHFA will remove the first-time home buyer requirement
on its first mortgage programs to allow more
California homebuyers to take advantage of the
benefits of CalHFA’s affordable financing.
 “CalHFA’s mortgage loans now provide
more low to moderate income families
across the state of California with affordable
opportunities to purchase homes with fixed-rate
mortgages and down payment assistance programs,”
said the this week -Executive Director Claudia Cappio.
California’s homeownership rate stands at about
54 percent as of the end of the first quarter of 2014,
according to U.S. Census estimates,
this is a sorry 10 percentage points
below the national homeownership rate.
I believe homeownership is down in California
because we were hit hard by the crash.
California is seeing recovery in coastal areas
and great strides in the Bay Area,
but inland communities are not seeing big gains.
Only jobs, and I mean full time good paying
jobs not gig economy jobs will bring our beautiful state back.
Studies also show that homeownership is linked to stronger neighborhoods, better educational achievement, civic participation and healthier outcomes.
Our lending programs provide unique opportunities for families to purchase homes, including:
-       Offering a first mortgage for 97 percent of the value of the home, combined with a 3 percent built-in down payment second.
-       Access to no interest and low-interest down payment assistance loans that don’t have to be repaid until the home is sold, refinanced or the mortgage is paid off.
-       Access to grants, tax credits and low interest rates

Caroline Gerardo is Committed to Seeing You Home.


Senior Loan Officer

Caroline Gerardo


Irvine CA 92618

8105 Irvine Center Drive Suite #500

Eagle Home Mortgage a Lennar Homes Company

Efax 855-883-4303

Office 949-784-9699

Cell 949-637-8190

NMLS #324982

NMLS #849059 CA #813I609 Universal American Mortgage Company of California, dba Eagle Home Mortgage of California a Lennar Homes Company. Licensed by the Department of Business Oversight under the California Residential

Mortgage Lending Act. RMLA #4130383, NMLS #252392. Certain restrictions apply. This is not a commitment to lend. Applicants must qualify.

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