Until now, thousands of California homeowners with an existing HERO Program, Ygrene, or CaliforniaFIRST energy efficient PACE loan have been unable to refinance their FHA or VA mortgage to reduce their interest rate or take cash out. Likewise, homebuyers who tried to assume a sellers HERO PACE Energy loan that is recorded on title have […]
The California 1% down payment Conventional Equity Boost mortgage program is designed to help homebuyers with good credit and moderate income overcome their lack of down payment and qualify for affordable financing. The Conventional 1% down mortgage uses either the Freddie Mac HomePossible Advantage loan or Fannie Mae’s HomeReady loan, with additional qualifying criteria, that […]
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 […]
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, Ygrene, CaliforniaFIRST PACE loans) and make new energy improvements more affordable and easier to finance. HomeStyle Energy loan (or PACE Buster loan) can also be used when buying or […]
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 […]
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 […]
Fannie Mae’s HomePath® Ready Buyer™ Program 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……essentially to make better buying decisions which, which in theory, should create […]
