I am showing people how to buy a house with a step by step guide. I write up a plan for each individual. Everybody is coming from a different financial situation. I can write it up so they get to there goal as fast and easily as posible. A person could navigate throughout the internet and after alot of searching and dead ends ,they could figure out how to buy a house. I have twenty years of experience of buying homes and helping people buy homes. I know I can show people the quickest and cheapest way to home ownership.
Hello future homeowners
April 11, 2011 By 1 Comment
How to buy a home with just 1% down
May 18, 2011 By Leave a Comment
You can use the California homebuyer down payment assistence program to buy a home with only 1% down payment.
99% CLTV FHA Financing Only 1% Down! (with CHDAP Silent 2nd)
What is CHDAP? The California Homebuyer’s Downpayment Assistance Program (CHDAP) is a small silent second offered to certain eligible first time homebuyers through the California Housing Finance Agency (CalHFA). They offer up to 3% of the sales price for down payment and or closing costs in the form of a 3.25% rate 2nd lien. Here are some key CHDAP highlights
Standard FHA 1st lien at normal FHA rates (not CalHFA)
Low interest rate of only 3.25% simple interest on 2nd lien (subject to change w/o notice)
No payments required on 2nd lien
SPM handles the reservation process
Up to 3% of sales price can be used for down payment and/or closing costs
Minimum borrower contribution of 1% or $1,000 whichever is greater
1st time homebuyers only (no ownership in 3 years)
Owner occupied purchase only
Income limits and sales price limits apply (below)
Some property restrictions apply (5 acres max, CA only)
Homebuyer education required
Subject to federal recapture tax
No Monthly Payments – Only 3.25% Rate!
CountyIncome Limits (vary upon family size)Sales Price Limits
Butte$47,300 to $89,150$360,000/440,000
El Dorado$61,400 to $115,750$522,000/none
Nevada$58,150 to 109,650$506,250/none
Placer$61,400-115,750$522,000/none
Sacramento$61,400-115,750$522,000/638,000
San Joaquin$53,000-99,900$439,875/537,625
Shasta$47,300-89,150$381,375/466,125
Solano$66,550-125,450$501,750/none
Stanislaus$50,000-94,250$381,375/466,125
Sutter$47,300-89,150$382,500/467,500
Yolo $60,900-114,850$522,000/638,000
Yuba$47,300-89,150$382,500/467,500
Own a home with payments less than rent
May 18, 2011 By Leave a Comment
I took a video of a bank owned home for sale in Antelope, CA. It is listed for $131,000.00. That fact should not have any significance. What is significant about this price is that a person could buy this home with a FHA loan and their total payment would be around $950.0 per month. If you were to rent a similar home, your monthly rent payment would be $1200.00 per month. The other significant thing is that a person could have a gross income of $3000.0 per month or more and qualify for the home loan. If you ever want to get together so that I can show you how you how to buy a home with payments lower than $1000.00 per month, you can call me at 916-261-2381.