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.
