First Priority Financial is both a licensed Temecula Mortgage Broker and Direct Lender Bank offering Temecula FHA, VA, USDA, HomePath, Conventional, and down payment assistance home loans. Being both a Temecula mortgage broker and direct lender bank gives home buyers more loan options, fewer qualifying restrictions, and a greater chance of qualifying for the best [...]
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Closing Cost Assistance for CA Fannie Mae Foreclosed/REO Bank Owned Homes
Fannie Mae HomePath just announced a special 3.5% closing cost assistance program for Inland Empire California home buyers who purchase a Fannie Mae foreclosure REO bank owned home. The limited 3.5% incentive requires buyers submit request with initial offer after June 14, 2011, and must close escrow before October 31, 2011. This is a great [...]
California $10,000 Home Buyer Tax Credit Extended? Nope…This is Better
There’s been rumors circulating of the California $10,000 home buyer tax credit being extended for 2011, so I want clarify a few things for buyers before they miss out on another opportunity for free money. The state or federal tax credit is NOT being extended, however, a new incentive for California home buyers may be [...]
CHF Platinum 3% Down Payment Assistance Grant for CA Home Buyers (free money)
CHF is now offering the Platinum 3% down payment / closing cost assistance grant to all California home buyers. This means home buyers of the Inland Empire, Riverside, San Bernardino, Orange, or San Diego county can use a government insured FHA, VA, or USDA first mortgage loan and need only .5% down payment to purchase [...]
Riverside Cty. First Time Home Buyer Downpayment Assistance Program (CHDAP)
The California Housing Finance Agency (CalHFA) made it easier for Riverside County first time home buyer’s to qualify for the CHDAP 3% down payment/closing cost assistance program. This will greatly benefit people buying in Riverside County cities of Temecula, Murrieta, Menifee, Corona, Riverside, Lake Elsinore, and Moreno Valley. Why? Because CalHFA reduced the buyers minimum [...]
CA FHA CHF ACCESS Govt. Home Purchase Loan Requires Only 1/2% Down Payment
While funds last, residents of California can receive Down Payment Assistance for a home purchase using the FHA CHF ACCESS loan that requires only 1/2% (one half) down payment. This will help both first time and move-up or second time home buyers more easily qualify for an FHA home home when buying in Temecula, Murrieta, Menifee, Lake Elsinore, Canyon Lake, Corona, [...]
Understanding the FHA Mortgage Insurance Premium (MIP)
The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans: 1. Up Front Mortgage Insurance Premium (UFMIP) – financed into the total loan amount at the initial time of funding 2. Monthly Mortgage Insurance Premium – paid monthly along [...]
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