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Dec. 3, 2007
Categorized in: Financing
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Federal Govt offers "0 down" up to 107% financing Listen up Buyers*,
While prices are coming down in the bay area, this may be a golden opportunity for you to own your first home and the Government is offering help.
And this is for both non-conforming and conforming loans.
CALHFA Programs offer:
- Zero down
- Up to 107%CLTV to cover all closing costs
- Deferred Down Payment Assistance
- Below Market Interest Rate for 30 yrs at 6.375% for one loan
- Interest only option available for the first 5 yrs
- Automatic Mortgage protection program up to 6 months
You can earn up to $121,589 for the family of two in San Francisco and San Mateo and Still Qualify or $95,532 for Alameda and Contra Costa counties.
Email me today to get the budget/mortgage excel worksheet to look at your finances to see if you can afford to buy a home and if so for how much based on your current income, credit score and most importantly your budget!!
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