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, Chenoa Fund Advantage and Chenoa Fund Edge, to meet the needs of today’s homebuyers. […]

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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

The 2018 Riverside County FHA, VA and Conventional Conforming loan limits have increased once again. Each year the government agencies review the area median incomes and area median home prices and update their loan limits for each county in California. 2018 Conforming Loan Limit in Riverside County Conforming Conventional loan limits refers to loans secured and […]

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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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Dream Makers Grant Veteran Military Home buyers

Dream Makers Homebuyer Assistance Grant for Veterans and Military

The Dream Makers first time homebuyer grant provides up to $5,000 in closing cost and/or down payment assistance for qualified Veterans and military service members with low to moderate income. The Dream Makers grant assists our nations heroes who are unable to afford the required closing costs or possible down payment needed to achieve homeownership. […]

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fha-mip-chart-reduced-2017-suspended

FHA Mortgage Insurance Premiums Reduced in 2017

FHA announced a reduction of .25% in their annual Mortgage Insurance Premium (MIP) for all FHA loans beginning January 27, 2017.  The FHA’s ‘annual’ MIP is actually paid on a monthly basis by the FHA borrower. More details can be found here FHA Mortgagee Letter 2017-01 and FAQ’s here. ——- SUSPENDED INDEFINITELY ——- In a shocking […]

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