Author Archive | Brad Yzermans

SCHFA-Orange-County-Homebuyer-assistance

SCHFA First Home Mortgage Assistance Program

The Southern California Home Financing Authority’s (SCHFA) First Home Mortgage Program provides a 4% down payment assistance grant for first time homebuyers in Orange County, California. The SCHFA homebuyer assistance program is a true first time homebuyer grant that will help eligible buyers in Orange County, CA and Los Angeles County overcome the largest obstacle to buying […]

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FHA-Reduces-Mortgage-Insurance-Premium

FHA Slashes Mortgage Insurance Premium: How Much Will You Save?

President Obama announced the Making Homeownership More Accessible and Sustainable directive that requires the Federal Housing Administration to reduce it’s FHA monthly paid Mortgage Insurance Premium (MIP) by .5%.  HUD Press Release Mortgagee Letter 2015-01 By reducing the FHA MIP, the Government is making FHA financing more affordable with the goal of boosting homeownership to normal levels […]

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Conventional-97-FannieMae

Fannie Mae Conventional 97% LTV Mortgage

Fannie Mae has expanded the maximum loan-to-value up to 97% LTV for their Conventional 97 mortgage program.  This means home buyers will only need a 3% down payment to benefit from Conventional financing. The standard Conventinal 97 program is perfect for first time homebuyers in California who have decent credit and simply want an affordable […]

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HomePossibleAdvantageM

HomePossible Advantage Mortgage Program

What is the HomePossible Advantage Mortgage Program? The HomePossible Advantage Mortgage Program (HPA) is a new 3% down payment (97% LTV) Freddie Mac Conventional mortgage program designed to make homeownership more accessible and affordable for credit worthy borrowers throughout California who have a limited down payment savings and moderate incomes. The Home Possible Advantage home loan is an […]

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