2016 RiversideCntyRealEstatePediction

2016 Riverside County Real Estate Forecast

Four local real estate and mortgage experts forecast what home buyers and home sellers can expect in Riverside County’s Real Estate and housing market for 2016. Will home values and prices in Riverside County go up, down, or stay flat in 2016?  Will mortgage rates go up, down, or remain about the same?  Will home […]

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How to qualify for down payment assistance

How to Qualify for Down Payment Assistance

Learning how to qualify for a down payment assistance program in California is a frustrating and confusing experience for most first time home buyers.  This article will help you understand what the criteria are and how to qualify for a down payment assistance program. Most home buyers give up after their first few inquiries and wonder why […]

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HomePathAssistanceProgram

HomePath Ready Buyer Program

Fannie Mae’s HomePath® Ready Buyer™ Program requires as little as 3% down payment and provides up to 3% closing cost assistance for qualified creditworthy first time home buyers. The purpose of Fannie Mae’s HomePath Ready Buyer Program is to educate first time home buyers to help them better understand the home buying process…to make better buying […]

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MyHOME down payment assistance

CalHFA MyHome Assistance Program

What is the CalHFA MyHome Assistance Program? CalHFA announced a new first time homebuyer assistance program that can be used for down payment or as closing cost assistance. CalHFA’s MyHome Assistance program provides 5% of the sale price in the form of a ‘silent second’ loan with payments deferred for 30 years.  This 5% satisfies […]

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CalHERO Mortgage Elibility

CalHERO Home Loan

The CalHERO™ Mortgage is a California real estate reward savings program for Police, Firefighters, Veterans, Nurses, and Teachers when they buy, sell, or refinance a home.  CalHERO is often referred to as a mortgage program for heroes, the hero home loan, or a first responder home loan. The goal of a CalHERO Home Loan is […]

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Home Ready Mortgage

HomeReady Mortgage Program

What is the HomeReady™ Mortgage? HomeReady™ is Fannie Mae’s new affordable financing mortgage program designed to help today’s credit worthy borrowers with low to moderate incomes to purchase a home. Fannie Mae’s goal with HomeReady is to expand access to credit while supporting responsible and sustainable homeownership.  Sustainable ownership is achieved through a comprehensive homeownership […]

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convert primary to rental guidelines

Move Up Buyers Converting Primary to Rental Get Reprieve From Fannie Mae

30% Equity No Longer Required on Departing Primary Residence to Count Rental Income Fannie Mae just announced a MAJOR guideline change for homeowners who want to convert their principle residence to an investment property and buy another primary home.  Effective immediately, move up home buyers with less than 30% equity in their primary residence will now be […]

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