VA HOME LOAN

•  Must be an eligible Veteran
• -0- down up to $417,000 (higher loan amounts available with a small down payment requirement)
• Lender or seller may be able to assist with Veteran’s closing costs
• You can re-use your VA eligibility once the previous loan is paid off
• Best home loan on the market in my opinion

FHA HOME LOAN

• Only 3.5% down required (loan limits vary per County)
• Expanded qualifying guidelines
• Lender or seller may be able to assist with Buyer’s closing costs
• Great interest rates
• Popular loan for first time buyers

CONVENTIONAL HOME LOAN

• As little as 3% down (some restrictions apply)
• Available for Purchase, 2nd Homes or Investment Property
• Can avoid PMI without affecting interest rate chosen with 20% down
• Streamlined loan process

REVERSE MORTGAGE HOME LOAN

• Buy your retirement home and have NO  monthly mortgage payments for the rest of your life
• Must be 62 years old or over
• Down payment is based on your age and will vary

FIRST TIME BUYER PROGRAMS

• Sapphire program (results in -0- down as down payment provided by a grant from NHF)*
• USDA Loan 100% Financing*
• CHDAP (results in .50% down payment)*
• MCC program (results in annual tax credit)*

*income restrictions apply and subject to availability

JUMBO LOANS

• Loan amounts up to $3 million

SPECIALTY LOANS

• Stated Income (Hard money loan - Larger down payment required - Expect much higher interest rate)
• ALTQM (bank statements can be used for qualifying income)

Home Loans for Purchase in California

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