Call Brad Yzermans at (951) 332-7864 to learn more details about this program or fill out this quick secure loan application to get your PriorityBuyer Status Approval. This program is only offered through approved licensed lenders (like me)......and hurry up before the $8,000 tax credit expires November 30, 2009.
QUESTION: What will my payment be on the 2nd mortgage?
The 2nd loan is a 15 year fixed @ 8.25%. If you purchase a home for $250,000 your 2nd loan balance will be $7,500. Payment on a 15 year loan will only be $72.76/month!! Once you file for your $8,000 tax credit, you can pay it off...or go buy furniture...or pay off other high interest revolving credit card debt. If you don't want to do that, go hit grandma or Vinnie the Butcher up for the down payment and see how that goes.
- NOT Limited to first time home buyers
- NO recapture tax/penalty if home is sold later
- NO Sales price limits
- NO minimum borrower contribution
- NO pre-pay penalties
- Gift funds are allowed from family members
- Seller contributions allowed up to 6%
- NO borrower reserves/assets required
- NO minimum FICO score required
- Income limits are 120% of HUD AMI
- 2nd loan (CHF Access) is a 15 year fixed
- 3% 2nd loan can be used for down payment or to pay closing costs
Below are the HUD qualifying income restrictions by California County:
(Loan applicants can't make more than this)
($77,400 Riverside & San Bernardino County
$103,320 Orange County
$74,520 Los Angeles County
$89,890 San Diego County
$103,320 Ventura County
$62,640 Kern County
$84,480 Santa Barbara County
$70,800 San Luis Obispo
$54,120 Imperial County
**Please call me if your county is not listed
We are in a very unique time where interest rates are very low and home prices have dropped out of the sky. The affordability factor is in your favor. There are thousands of buyers out there making offers on homes. Don't get stuck paying rent forever. If you wait much longer, you may miss out on the $8,000 tax credit, low interest rates, and the Access 2nd loan down payment assistance program(funds are limited).
Call Brad @ (951) 332-7864 to talk about sports, to find out if you can qualify, or fill out this quick loan application to get approved now.
Brad provides financing for residents all over California including Temecula, Murrieta, Menifee, Riverside, Corona, San Bernardino, San Diego, Orange County, Los Angeles and many other cities.