27 Mar 2023 20% Down Payment Assistance – California Dre... CalHFA released the guidelines for the much-anticipated Dream for All 20% down payment assistance program. Borrower Eligibility + Requirements: Must be a first-time buyer. Occupy the property as a primary residence; non-occupant co-borrowers are prohibited. CalHFA borrowers must complete two levels of homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.Only one occupying first-time […] Share on Facebook Share on Twitter
2 Feb 2023 What Are Discount Points – and Could They Save Y... When buying a home, you’ll look at plenty of interest rates and mortgage options to figure out the best way to finance your purchase. Over the course of your research, you might come across the term “discount points.” Discount points are an upfront cost you could pay to get a lower interest rate over the […] Share on Facebook Share on Twitter
25 Jan 2023 VA Funding Fee: Your Questions Answered For eligible veterans, active-duty service members and surviving spouses who are hoping to become homeowners, the VA loan program can be a difference-maker. VA loans are a type of government loan, which is any loan insured or backed by the U.S. federal government. A VA home loan offers good interest rates, low- or no-down-payment options and […] Share on Facebook Share on Twitter
17 Jan 2023 Mortgage News Weekly We are excited to share with you the latest updates and insights from the mortgage market Mortgage Rates: Back to the rollercoaster. More improvement on Conventional conforming rates but movement elsewhere. Some clients were “lucky” and timed the market last week, but in all honesty, the first step is getting in contract on a property first. Then worry about rates! TECHNICALS Stabilizing […] Share on Facebook Share on Twitter
11 Jan 2023 Assumable Mortgages: Understanding the Pros and Co... When buying a home, one of the most important decisions you’ll make is how to finance it. One option you may come across is an assumable mortgage. An assumable mortgage is a type of loan that allows the buyer of a property to assume the existing mortgage from the seller. Let’s explore the pros and […] Share on Facebook Share on Twitter
