Home Buyer Assistance
Statistic:
An "affordable" mortgage payment is typically defined as 38 percent of the borrower's monthly gross income
“Success is the sum of small efforts, repeated day in and day out.”
Robert Collier
Welcome to the home buyers section assisting buyers looking for real estate and homes for sale.
It's a Great Time to Buy! Interset Rates are still low and Home Prices are the lowest they have been in years
Please select from one of the outstanding real estate home buying sections below.
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$7,500 interest free loan for first-time home buyers
This year’s housing stimulus bill included strong incentives for first-time home buyers. Download this document to make sure that your prospective, first-time buyers don’t miss out on a $7,500 tax-free loan – slated to expire June 30, 2009.
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Click on link to the the left for details |
Corona Down Payment Assistance can offer buyers up to $75,000 in down payment assistance and closing cost money, call us today and ask how.
¨ Prequalification Letter allows buyers to shop up to 45 days!
¨ Up to $75,000 for down payment and closing cost assistance
¨ All Applicants must complete a first-time homebuyer seminar
¨ Income Restrictions apply
¨ Must purchase a Corona Property
¨ Owner Occupied Only
Foreclosures & Bank Owned Properties - REOs
Down Payment Assistance Programs
- HART – The HART Gift Program
The specific purpose of this program is to assist prospective homebuyers across the nation who may qualify for a first mortgage loan, but fall short of the down payment and other closing costs’ essential in purchasing a home. Homebuyers don’t need to be first-time homebuyers to qualify for the HART gift program - NEHEMIAH FUND
The Nehemiah Program is the nation’s largest privately funded down payment assistance program. – The Nehemiah Program provides gift funds to qualified homebuyers who purchase participating homes using an NEHEMIAH FUND eligible loan program - National Home Buyer’s Fund
• National Home Buyer’s Fund – First House; Down payment and closing cost assistance is available with the First House program in the form of a Grant, (which does not have to be repaid by the borrower), a low interest rate second loan, or the combination of both. Either option can help a homebuyer cover the down payment and closing costs on the mortgage. In addition, homes within the designated targeted areas will qualify for higher income & sales price limits and waive the First-Time Homebuyer Requirement.
• Access Program; Available for both First-time homebuyers as well as Non-First-time homebuyers with no Recapture tax; no sales price limits and little to no borrower contribution.
Both programs offer up to 105% financing!!
Special Loan Programs
- FHA Loans
How the FHA Loan works - CALHFA
CALHFA – California Housing Finance Agency (CALFA) has supported first-time homebuyers by providing financing and programs that create safe, decent and affordable housing opportunities for individuals within specified income and credit ranges. CalHFA offers below market-rate loans through the sale of tax-exempt bonds.
Perfect for the first time homebuyer and one of the easiest loans to qualify for!
- New - CALHFA Community Stabilization Home Loan Program
This new program helps first-time homebuyers purchase foreclosed properties near you, in communities that have been hit hardest by foreclosures and need economic stimulus.
Program Benefits:
30 year conventional loan with BELOW market, fixed interest rate
Maximum LTV of 100%
Special Sales Price
Subordinate Financing
Lower mortgage insurance costs
- CALPERS - California Public Employee Retirement System
All active, inactive and retired members of CalPERS, the Legislators' Retirement System, the Judges' Retirement System, and the Judges' Retirement System II are eligible to participate. The program offers both fixed and adjustable rate loans, 100 percent loan financing, special loan programs, rate lock options and more. - CALSTRS – California State Teachers Retirement System
- Whether your client is dreaming of buying a new home, lowering their existing payments, or taking cash out, the CalSTRS Home Loan Program can help them by offering competitive rates on a variety of mortgage loan programs - CALVET – California Veterans
To serve California’s Veteran’s and their families. CALVET offers below market interest rates with low or no down payment. CALVET has expanded eligibility so that nearly any veteran wanting to buy a home in California is eligible. - Fannie Mae – My Community, Expanded Approval, Flex 97 and 100
• Fannie Mae – My Community, Expanded Approval, Flex 97 and 100 – These are affordable, flexible mortgage products for underserved markets. Clients that have limited savings and/or cash assets; do not have credit; have less than perfect credit; have non-traditional resources would benefit from this program. Additional features include; income source flexibilities, including boarder income from relatives or non relatives.
Refinance and Conversion Loans
- FHA Secure - refinancing option
FHA Secure – FHASecure is a refinancing option - It gives credit-worthy homeowners that were making timely mortgage payments before their loans reset but are now in default, a second chance with a FHA insured product. - HECM – Home Equity Conversion Mortgage
HECM – Home Equity Conversion Mortgage – The HECM FHA insured REVERSE mortgage can be used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit
- Area Information
Knowing about the local real estate market and local community information is critical. Click here to learn all about Corona, Norco, Riverside, Lake Elsinore, Rancho Cucamonga, Chino Hills and other Riverside, Los Angeles, Orange, San Bernardino County areas. - Home buying info
Click here to receive free information about buying a home in Corona, Norco, Riverside, Lake Elsinore, Rancho Cucamonga, Chino Hills or any other surrounding local Riverside, Los Angeles, Orange, San Bernardino County real estate market. - Dream Home Finder
Do you have an idea as to what your perfect home might be? Click here to describe your ideal home. - View Our Properties
Our Properties For Sale - Short Sale Information
Short Sale Information - $7500 Interest Free Loan for 1st Time Home Buyers
This year’s housing stimulus bill included strong incentives for first-time home buyers. Download this document to make sure that your prospective, first-time buyers don’t miss out on a $7,500 tax-free loan – slated to expire June 30, 2009. - t
t - Helpful Calculator widgets
This page contains helpful calculator widgets to help you determine such things as "15 or 30 yr Mortgage", "Rent or Buy next Home?", "Fixed or Adjustable Rate?", "Which Rate/Ponts Combination is Best" - Timing the Bottom of the Market
Can You Time the Bottom of the Market?
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