FHA / Cal HFA Loans and Grants
We can provide FHA and CAL HFA loans and Grants. Call us for specific details.
CAL FHA or CAL HFA Loans may still provide 100% financing + will help pay for closing costs up to 2%.
Zero Cash Down is still possible if you let us represent you on the real estate side of the transaction.
You will be required to show income documentation and meet standard loan requirements !
Zero Down Foreclosure Financing
We have special access to CAL HFA financing for foreclosure home purchases !
Must meet certain location criteria and other requirements. Check for latest news.
Rates start at 5.5% and go up to 95% ltv. The other 5% can be part of CAL FHA downpayment assistance ! This means we can still do "ZERO Down" !
This special program is the hottest loan option available for first time homebuyers !
Did You Know ?
To qualify for first time homebuyer programs, you dont have to be a first time home buyer. As long as you have not had an ownership interest in a property in the past 3 years, you can take advantage of these incredible programs with us.
Los Angeles County, Riverside County, San Bernardino County, San Diego County, OC
Down Payment Assistance Grants and Loans
Note: Legislation pending on down payment assistance programs.
Beginning October 1st, 2008 - These programs will no longer be available to a large extent. We have solutions to this. We utilize California HFA for 100% loans with no down payment. Call for details.
Nehemiah Program
Gift funds between 1% - 6% of the final contract sales price or a flat gift amount (not to exceed 6% of the final contract sales price) No restrictions on first time home buyers, income limits or geographical limitations Funds requested by mortgage originators Seller participation is required No repayment, no silent 2nd & no recapture penalties AmeriDream
Typical gift funds are 3% - 6% up to 10% of the home's price to be used toward down payment, closing costs & other allowable costs No restrictions on first time home buyers, income limits, assets or geographical limitations No lien, silent second or second mortgage placed on property Seller participation is required HART (Housing Action Resource Trust)
Typical gift funds are up to $15,000 to be used toward down payment, closing costs & other allowable costs No restrictions on first time home buyers No lien, silent second or second mortgage placed on property Seller participation is required Access FHA - 2nd program
Offered in CA and NV only; sponsored by National Homebuyers Fund, Inc 3% 2nd for closing costs 2nd mortgage is 20 yr fixed rate at 8% rate (subject to change, check website) - is not assumable 2nd is due and payable upon sale or refinance of the FHA first loan Maximum CLTV is 100% No restriction on first time home buyer Qualifying income may not exceed 120% of the HUD area median income for county Follows FHA underwriting guidelines / SPM will secure 2nd and drawn docs for 2nd Subject to declining market hits 
California / Riverside / LA / OC / San Diego / San Bernardino Real Estate and Mortgage / Down Payment Assistance-Grants
