Showing posts with label grant. Show all posts
Showing posts with label grant. Show all posts

7/12/2019

Low Down Payment Mortgage

field of flowers

Did you know we have:

80/15/5 piggy backs - 5% down, no MI, No impounds. Use Super Conforming plus Quorum C U 15% piggy 2nd

1st time buyer products like Mortgage Credit certificate (MCC) for loans up to $484,350 loan amounts. The M C C credit is like lowering the buyers rate by 1.5%. Beat the banks and the Credit Unions, we can close quickly and with extra credit. 
Home ready 3% down for 1st time buyers. Reduced MI and cap on risk based pricing of 1.5 pts. Great for condo’s, some areas have no income limits

Platinum Grant which doesn’t require the buyer to be a first time buyer. Up to 5% of the loan amount is a grant

Loans for the hard to qualify self employed borrowers using 12 months business Bank Statements. Use 50% of the deposits to qualify

Interest rates range from 3.75% - 4.25% - that's in the 3's depending on program, FICO, property, cash out and more

Just because you got a low quote from the Bank - maybe it won’t fly or close on time
Call to refinance or purchase now 949-  784- 9699

Bridge loans, Reverse Mortgages and many more Niche products.
NMLS 324982

This is not a commitment to lend



3/25/2015

Grant Money to Buy a Home

Border of edible herbs for your new home use free money
to buy with a grant program. Help finance your home loan.
Like free money from grandma for your purchase mortgage


                What is NHF Platinum?
A first mortgage program with a Down Payment Assistance Grant.
Can excess grant funds be used towards closing costs?
Yes, only towards “customary” closing costs.
Does the client have to be a first time homebuyer?
No, clients can still use this program if they have owned a home in previous 3
years.
Do funds ever run out via too many reservations?
No, funds never run out as long as the program is offered.
NHF Platinum Q&A
What properties are allowed?
Allowed:
Owner Occupied, single family residences
Agency approved Condominiums and PUDs
Up to 4 units
Not Allowed:
Co-ops
Rental or investment properties
Recreational, vacation or second homes
Who funds the grant money at closing?
Funding sends a Grant Request to NHF and they fund Grant funds.
Example shown below is for WA State:
1180 - FHA - NHF Platinum
1280 - VA - NHF Platinum
4468 - USDA/RD - NHF Platinum
2180 - MCM Conventional AND Standard Conventional available
2180 - MCM Conventional AND Standard Conventional available
VERY IMPORTANT:
Standard Conventional NHF loans offer a maximum grant of 3%
Minimum credit score for the Standard Conventional NHF product is 740
All other NHF products have a minimum credit score of 640.
NHF Platinum Website
NHF Platinum website at: http://www.nhfloan.org/index.html
Program Index
Lender Support
Online Reservation System
Find interest rates under reservation system (between 9am
– 4pm PST)
Contact information
NHF website “Program Index”
Within the “Program Index” link:
Click on the “NHF Platinum” Blue link
This blue link opens up another webpage
providing :
Program Term Sheet
Income Limits
Reservation Portal
Grant checklist
MCM product
matrix
Training
opportunities
NHF Platinum Website
NHF Platinum Product 1st mortgage.
Income Limits:
Click on the associated link that
correlates to the NHF product you are
Income limits by State
Income limits by County
Grant amounts:
FHA, VA and USDA
Select between a 0%, 3% or 5% grant
Each grant option comes with an
associated interest rate
Conventional (both Standard & MCM) FREE GRANT FOR DOWN PAYMENT IS SUCH AN AMAZING BENEFIT!
CALL NOW TO FIND OUT HOW
(949) 784-9699 C G BARBEAU
NMLS # 324982

1/30/2015

CHF Golden State Finance Authority










 CHF/ GSFA Lenders
Borrowers 


CHF is changing its name to Golden State Finance Authority (GSFA).
View E-News Bulletin here.
What Has Already Transitioned?
Our website www.chfloan.org now displays the Authority’s new name: Golden State Finance Authority (GSFA). A new logo is also displayed.
What You Can Expect Next
· Over the next couple of weeks, you will notice the CHF name on our Online Reservation System change to GSFA.
· The respective programs, CHF Platinum and CHF MCC will change to GSFA Platinum and GSFA MCC.
· The Program Documents available for download through the Online Reservation System will also reflect the Authority’s name change soon. (i.e. Grant letters and reservation confirmations will display GSFA as the sponsor.)
· NOTE: The EIN # for the Authority remains the same.
PLEASE CIRCULATE THIS INFORMATION to
Mortgage Lenders and Home Borrowers
We ask that you circulate this information to your branch offices and respective loan officers participating in our home ownership programs.
As always, if you have questions, let us know. We appreciate your patience during this transition.

Golden State Finance Authority
1215 K Street, Suite 1650
Sacramento, CA 95814



Note: Golden State Finance Authority (GSFA) was formerly known as CRHMFA Homebuyers Fund (CHF). A formal name change is pending.

6/27/2014

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

CarolineGerardo@eaglehm.com

 

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.

4/07/2014

Niche Mortgage Birdhouse or Castle

How to Close your Problem Mortgage?

ceramic house

Not all houses are the same. Bird houses are each special as well.
Perhaps you went to a bank and they aren't answering your calls?
Perhaps they told your they can't help you with a loan?

We have special niche products to fit your needs.

Eagle Home Mortgage is owned by Lennar Homes

Because we are not a bank, we offer a greater

variety of loan products to help Realtors, Real Estate

Agents, Borrowers and Home Buyers close on time

with the product they want. If you are buying a tiny

birdhouse, a six million dollar home or commercial

project – we have the loan solution for you.

A brief list of some of the out of the box products:

Call and speak with C. G. to fix your stalled or broken deal




wood bird house





- Foreign National Loans, ITIN loans

- Condo/Hotel Loans

- Condos not warrant-able with low owner occupancy or lawsuits

- Financing for more than 10 properties

- Investor products

- Spec. Construction

_ Owner Builder Construction

- Loans closed in a corporation or LLC.

- Grants Gifts MCC CHDAP CHAFA

- Jumbo, Super Jumbo

- FHA 203k remodel

- Reverse Mortgage

- Cooperative

- VA – VA IRRL Streamline

- Higher Debt To Income Ratios

- Fannie DU Refinance

_ Freddie Mac

- Cross Collateralization loans when Borrower
has not sold current residence but finds the
Dream property

I have been a lender twenty five years.

My team can close you quickly

We have in office Underwriters, in office Funding and

in office Document drawing.

What does that mean?

No shipping your file to Minnesota.

No limbo wait turn time.

Experience that will find solutions.

Call me (949) 784- 9699

NMLS #324982



Wooden bird house 





handmade bird house

barn style bird house

2/04/2014

Grants Gifts Money to Buy a Home

Laguna Beach House



Trust

Rate Sheet  as of 2/4/2013 Rates Change this is not a Commitment to Lend
Down Payment Assistance Loan Description 30 Year

3% Grant Program  4.25%  rate 4.400 APR

5% Grant Program  4.75%  rate 4.901 APR

CHDAP FHA         3.875% rate 4.021 APR

CHDAP CONV.       4.125% rate 4.290 APR

 
Down Payment Assistance

Homebuyers Fund:
Designed to increase
homeownership opportunities
for low-to-moderate
income individuals
and families in California.
Down Payment Assistance

proceeds may be used
for down payment
and/or closing costs up to 5%.
Or $21,100.00
It may not be enough to buy a Beach house in Laguna, but certainly
a wonderful program for a first time home buyer.
     
 
 
LOPhoto
Caroline Gerardo
Loan Officer
NMLS #324982
Cell
 
eFax
 
 
Committed to Seeing You Home.
 
 
 
 
Image
NMLS #849059 CA #813I609 Universal American Mortgage Company of California, dba Eagle Home Mortgage of California.
    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.
Image
This is not a commitment to lend.
Rates and terms change daily.
Borrower must qualify for FHA loan purchase.