How the FHA Loan works

Only 3% Down Payment; No Mortgage Insurance; No Appraisal; 1-4 Units Eligible; Up to 6% Seller Concessions; Available for Primary, 2nd Homes, and Investment; ** 2nd Homes and Investment Properties require more Down Payment

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!

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

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.

- 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

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 – 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.

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 – 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