What is the Coronavirus mortgage forbearance plan

The Coronavirus CARES Act Mortgage Forbearance Plan

On March 27th President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (HR 748) into law.  The CARES Act provides mortgage forbearance relief to homeowners that have a federally backed mortgage who’ve been impacted by the COVID-19 pandemic. Skipping mortgage payments due to the COVID-19 Cornavirus national pandemic is a big decision, […]

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California Firefighter Down Payment Assistance

The California Firefighter Down Payment Assistance (CFDPA) program provides homebuyer assistance to eligible Firefighters and all fire department employees of the State, Federal, Local, or a Tribal fire department in California. California’s Firefighter Down Payment Assistance (CFDPA) loan program provides from 3% to 3.5% of assistance in the form of a silent second home loan […]

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Chenoa Fund downpayment assistance program

Chenoa Fund Downpayment Assistance Program

The Chenoa Fund downpayment assistance loan program offers 100% affordable financing for buyers who can meet basic minimum credit requirements and lack sufficient funds for a down payment. The Chenoa Fund homebuyer assistance program offers two unique down payment assistance programs, the Chenoa Fund FHA Advantage and Chenoa Fund Conventional Advantage, to meet the needs […]

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CalHFA Teacher Employee homebuyer assistance

CalHFA School Teacher and Employee Assistance Program

CalHFA announced the new School Teacher and Employee Assistance Program (STEAP) to aid in the purchase of a home in California.   Eligible homebuyers who qualify for down payment assistance must be first time homebuyers employed at any K-12 California public or charter school, school district offices, and county or continuation schools.  STEAP is available to […]

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2018 Riverside County mortgage loan limit

2018 Riverside County Conforming, FHA, VA Loan Limit

2018 Conforming Loan Limit in Riverside County Conforming Conventional loan limits refers to loans secured and underwritten to the FHFA or Fannie Mae/Freddie Mac guidelines and standards.  The term ‘Conforming’ is often used to refer to Conventional financing. This means if your loan  amount exceeds $453,100, it will not ‘conform’ to Fannie/Freddie guidelines and require 1 of 2 […]

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Community Home Advantage Assistance Program

Community Home Advantage Program (CHAP)

The Community Home Advantage Program (CHAP) is a community based homebuyer assistance program designed to expand the availability of credit and promote fair and affordable lending to homeowners and homebuyers purchasing a home in targeted communities, cities and zip codes within California. The CHAP Community Home Advantage Program provides a .50% to 1.00% discount to the […]

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