USDA Rural loan reduces fees

USDA Home Loan Reduces Fees for 100% Financing

USDA announced they are reducing both the upfront Guarantee fee and the Annual mortgage insurance fee (paid monthly) for purchase and refinance loans.  Lower costs for the $0 down USDA loan will help make USDA financing for rural homebuyers even more affordable. The reduced USDA insurance fee begin October 1st, 2016 and extend out through to September […]

Continue Reading 0
HomeStyle Energy Mortgage Program

HomeStyle Energy Mortgage Program

The Fannie Mae Homestyle® Energy Mortgage is a new energy improvement mortgage program designed to help borrowers pay off existing high rate energy improvement loan debt (like HERO Program loans) and make new energy improvements more affordable and easier to finance. HomeStyle Energy loan can also be used when buying or refinancing a home to purchase new […]

Continue Reading 0
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 […]

Continue Reading 0
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 […]

Continue Reading
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 […]

Continue Reading 0
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 3% of the sale price in the form of a ‘silent second’ loan with payments deferred for 30 years.  This 3% satisfies […]

Continue Reading 0
California HERO Mortgage Program

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 […]

Continue Reading 0