A Complete Guide to the CalSTRS 80/17 Purchase Loan - Updated 1-15-09
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A Complete Guide to the CalSTRS 80/17 Purchase Loan - Updated 1-15-09

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As an employee a California Public School or Community College you may be eligible for a 3% down, No PMI purchase loan. ...

As an employee a California Public School or Community College you may be eligible for a 3% down, No PMI purchase loan.

The CalSTRS 80/17 is hands down the most flexible purchase around with such a low down payment.

We also address the 100% financing option available to members of CalPERS and review the newly released IRS guidelines for the $7,500 federal tax credit that expires in 2009.

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A Complete Guide to the CalSTRS 80/17 Purchase Loan - Updated 1-15-09 A Complete Guide to the CalSTRS 80/17 Purchase Loan - Updated 1-15-09 Presentation Transcript

  • A Complete Guide to the CalSTRS 80/17 Purchase Loan Thank You for Attending We Will Begin in a Moment Class will begin at 7:00pm Presented By: Broadview Mortgage Corporation Presenter: Scott Schang Contact Information: Phone: 866-667-6724 [email_address]
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • The Purpose and Goals of this Class
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • The Purpose and Goals of this Class
    • To Create and Empower Home Owners
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • The Purpose and Goals of this Class
    • To Create and Empower Home Owners
    • Educate you about the current California Real Estate market and Specialty Financing Options for Education Professionals
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • The Purpose and Goals of this Class
    • To Create and Empower Home Owners
    • Educate you about the current California Real Estate market and Specialty Financing Options for Education Professionals
    • Empower you with the ability to make educated decisions in the home buying process
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • The Purpose and Goals of this Class
    • To Create and Empower Home Owners
    • Educate you about the current California Real Estate market and Specialty Financing Options for Education Professionals
    • Empower you with the ability to make educated decisions in the home buying process
    • Introduce you to Broadview Mortgage Corporation as your CalSTRS 80/17 expert
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
    • A Complete Guide to CalSTRS 80/17
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
    • A Complete Guide to CalSTRS 80/17
      • 100% option for members of CalPERS
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
    • A Complete Guide to CalSTRS 80/17
      • 100% option for members of CalPERS
    • IRS Guidelines for $7,500 Federal Tax Credit just released – The Details
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
    • A Complete Guide to CalSTRS 80/17
      • 100% option for members of CalPERS
    • IRS Guidelines for $7,500 Federal Tax Credit just released – The Details
    • Wrap Up and Take Aways
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
    • Ask Questions throughout presentation
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
    • Ask Questions throughout presentation
      • You may type questions in at any time during the presentation – Questions box on your screen
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
    • Ask Questions throughout presentation
      • You may type questions in at any time during the presentation – Questions box on your screen
      • CalSTRS 80/17 specialists are standing by to answer your questions during the presentation
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
    • Ask Questions throughout presentation
      • You may type questions in at any time during the presentation – Questions box on your screen
      • CalSTRS 80/17 specialists are standing by to answer your questions during the presentation
      • The only dumb question is the one you don’t ask
  • A Complete Guide to the CalSTRS 80/17 Purchase Loan
    • Topics We Will Cover In This Class
    • Ask Questions throughout presentation
      • You may type questions in at any time during the presentation – Questions box on your screen
      • CalSTRS 80/17 specialists are standing by to answer your questions during the presentation
      • The only dumb question is the one you don’t ask
    • Write number down now in case you get disconnected
      • 1-866-667-6724
  • A Complete Guide to CalSTRS 80/17
  • A Complete Guide to CalSTRS 80/17
    • Who’s Eligible for a CalSTRS 80/17?
  • A Complete Guide to CalSTRS 80/17
    • Who’s Eligible for a CalSTRS 80/17?
      • Any employee of a California public school or community college
  • A Complete Guide to CalSTRS 80/17
    • Who’s Eligible for a CalSTRS 80/17?
      • Any employee of a California public school or community college
        • Can work in any capacity
  • A Complete Guide to CalSTRS 80/17
    • Who’s Eligible for a CalSTRS 80/17?
      • Any employee of a California public school or community college
        • Can work in any capacity
        • Can work in school district
  • A Complete Guide to CalSTRS 80/17
    • Who’s Eligible for a CalSTRS 80/17?
      • Any employee of a California public school or community college
        • Can work in any capacity
        • Can work in school district
        • Pay check stub from public school system
  • A Complete Guide to CalSTRS 80/17
    • Who’s Eligible for a CalSTRS 80/17?
      • Any employee of a California public school or community college
        • Can work in any capacity
        • Can work in school district
        • Pay check stub from public school system
      • If you are eligible for CalSTRS pension benefits
  • A Complete Guide to CalSTRS 80/17
    • Who’s Eligible for a CalSTRS 80/17?
      • Any employee of a California public school or community college
        • Can work in any capacity
        • Can work in school district
        • Pay check stub from public school system
      • If you are eligible for CalSTRS pension benefits
        • Provide certificate of eligibility
  • A Complete Guide to CalSTRS 80/17
    • Who’s Eligible for a CalSTRS 80/17?
      • Any employee of a California public school or community college
        • Can work in any capacity
        • Can work in school district
        • Pay check stub from public school system
      • If you are eligible for CalSTRS pension benefits
        • Provide certificate of eligibility
        • Do not have to be currently employed
  • A Complete Guide to CalSTRS 80/17
    • Who’s Eligible for a CalSTRS 80/17?
      • Any employee of a California public school or community college
        • Can work in any capacity
        • Can work in school district
        • Pay check stub from public school system
      • If you are eligible for CalSTRS pension benefits
        • Provide certificate of eligibility
        • Do not have to be currently employed
      • Any eligible borrower makes family eligible
  • A Complete Guide to CalSTRS 80/17
    • How CalSTRS benefits from the 80/17
  • A Complete Guide to CalSTRS 80/17
    • How CalSTRS benefits from the 80/17
      • CalSTRS pension fund invests in mortgage notes as mortgage backed securities
  • A Complete Guide to CalSTRS 80/17
    • How CalSTRS benefits from the 80/17
      • CalSTRS pension fund invests in mortgage notes as mortgage backed securities
        • CalSTRS is not a lender and does not do loans
  • A Complete Guide to CalSTRS 80/17
    • How CalSTRS benefits from the 80/17
      • CalSTRS pension fund invests in mortgage notes as mortgage backed securities
        • CalSTRS is not a lender and does not do loans
      • Payments go back into CalSTRS pension fund
  • A Complete Guide to CalSTRS 80/17
    • How CalSTRS benefits from the 80/17
      • CalSTRS pension fund invests in mortgage notes as mortgage backed securities
        • CalSTRS is not a lender and does not do loans
      • Payments go back into CalSTRS pension fund
      • Contributes to the growth and stability of your retirement system as a member of CalSTRS
  • A Complete Guide to CalSTRS 80/17
    • How CalSTRS benefits from the 80/17
      • CalSTRS pension fund invests in mortgage notes as mortgage backed securities
        • CalSTRS is not a lender and does not do loans
      • Payments go back into CalSTRS pension fund
      • Contributes to the growth and stability of your retirement system as a member of CalSTRS
      • Broadview Mortgage is an approved Lender on CalSTRS website - See link on site
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
      • 3.5% Down as of January 1 st , 2009
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
      • 3.5% Down as of January 1 st , 2009
    • Interest Rates as compared to FHA
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
      • 3.5% Down as of January 1 st , 2009
    • Interest Rates as compared to FHA
    • No UPFRONT Mortgage Insurance Premium
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
      • 3.5% Down as of January 1 st , 2009
    • Interest Rates as compared to FHA
    • No UPFRONT Mortgage Insurance Premium
      • FHA increased to 1.75%
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
      • 3.5% Down as of January 1 st , 2009
    • Interest Rates as compared to FHA
    • No UPFRONT Mortgage Insurance Premium
      • FHA increased to 1.75%
    • No MONTHLY Mortgage Insurance
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
      • 3.5% Down as of January 1 st , 2009
    • Interest Rates as compared to FHA
    • No UPFRONT Mortgage Insurance Premium
      • FHA increased to 1.75%
    • No MONTHLY Mortgage Insurance
      • FHA increased to .55%
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
      • 3.5% Down as of January 1 st , 2009
    • Interest Rates as compared to FHA
    • No UPFRONT Mortgage Insurance Premium
      • FHA increased to 1.75%
    • No MONTHLY Mortgage Insurance
      • FHA increased to .55%
    • FHA vs CalSTRS Closing Costs
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
      • 3.5% Down as of January 1 st , 2009
    • Interest Rates as compared to FHA
    • No UPFRONT Mortgage Insurance Premium
      • FHA increased to 1.75%
    • No MONTHLY Mortgage Insurance
      • FHA increased to .55%
    • FHA vs CalSTRS Closing Costs
      • FHA lower up front / CalSTRS lower total cost
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • Lower Down Payment than FHA
      • 3.5% Down as of January 1 st , 2009
    • Interest Rates as compared to FHA
    • No UPFRONT Mortgage Insurance Premium
      • FHA increased to 1.75%
    • No MONTHLY Mortgage Insurance
      • FHA increased to .55%
    • FHA vs CalSTRS Closing Costs
      • FHA lower up front / CalSTRS lower total cost
    • CalSTRS - No cost to lock or rate
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • FHA is a GREAT program as a Plan B
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • FHA is a GREAT program as a Plan B
      • Low down payment requirements
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • FHA is a GREAT program as a Plan B
      • Low down payment requirements
      • Low up front closing costs
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • FHA is a GREAT program as a Plan B
      • Low down payment requirements
      • Low up front closing costs
      • Aggressive interest rates
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • FHA is a GREAT program as a Plan B
      • Low down payment requirements
      • Low up front closing costs
      • Aggressive interest rates
      • 6% seller concessions from seller
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • FHA is a GREAT program as a Plan B
      • Low down payment requirements
      • Low up front closing costs
      • Aggressive interest rates
      • 6% seller concessions from seller
      • Flexible qualifying guidelines
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • FHA is a GREAT program as a Plan B
      • Low down payment requirements
      • Low up front closing costs
      • Aggressive interest rates
      • 6% seller concessions from seller
      • Flexible qualifying guidelines
      • No penalty for lower credit scores
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • FHA is a GREAT program as a Plan B
      • Low down payment requirements
      • Low up front closing costs
      • Aggressive interest rates
      • 6% seller concessions from seller
      • Flexible qualifying guidelines
      • No penalty for lower credit scores
      • CalPERS members may be eligible for 100% financing using FHA 1 st mortgage
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 Compared to FHA
    • FHA is a GREAT program as a Plan B
      • Low down payment requirements
      • Low up front closing costs
      • Aggressive interest rates
      • 6% seller concessions from seller
      • Flexible qualifying guidelines
      • No penalty for lower credit scores
      • CalPERS members may be eligible for 100% financing using FHA 1 st mortgage
    • If you are eligible and qualify for the CalSTRS 80/17 there is simply no comparison. Period
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
      • Up to $417,000
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
      • Up to $417,000
        • First mortgage loan amount
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
      • Up to $417,000
        • First mortgage loan amount
      • $521,250 Max Purchase Price
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
      • Up to $417,000
        • First mortgage loan amount
      • $521,250 Max Purchase Price
    • Jumbo Loan Amount
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
      • Up to $417,000
        • First mortgage loan amount
      • $521,250 Max Purchase Price
    • Jumbo Loan Amount
      • Up to $536,082
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
      • Up to $417,000
        • First mortgage loan amount
      • $521,250 Max Purchase Price
    • Jumbo Loan Amount
      • Up to $536,082
        • First mortgage loan amount
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
      • Up to $417,000
        • First mortgage loan amount
      • $521,250 Max Purchase Price
    • Jumbo Loan Amount
      • Up to $536,082
        • First mortgage loan amount
        • Max total loan amounts $650,000
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
      • Up to $417,000
        • First mortgage loan amount
      • $521,250 Max Purchase Price
    • Jumbo Loan Amount
      • Up to $536,082
        • First mortgage loan amount
        • Max total loan amounts $650,000
      • Up to $670,103 Max Purchase Price
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Max Loan Amounts
    • Conforming Loan Amount
      • Up to $417,000
        • First mortgage loan amount
      • $521,250 Max Purchase Price
    • Jumbo Loan Amount
      • Up to $536,082
        • First mortgage loan amount
        • Max total loan amounts $650,000
      • Up to $670,103 Max Purchase Price
    • Jumbo interest rate is typically 1% higher
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Property Qualifications
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Property Qualifications
    • Eligible Properties
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Property Qualifications
    • Eligible Properties
      • Single Family Residence - Detached
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Property Qualifications
    • Eligible Properties
      • Single Family Residence - Detached
      • Condominiums / Townhomes - Attached
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Property Qualifications
    • Eligible Properties
      • Single Family Residence - Detached
      • Condominiums / Townhomes - Attached
      • Planned Urban Development (PUD)
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Property Qualifications
    • Eligible Properties
      • Single Family Residence - Detached
      • Condominiums / Townhomes - Attached
      • Planned Urban Development (PUD)
    • Must be owner Occupied
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Property Qualifications
    • Eligible Properties
      • Single Family Residence - Detached
      • Condominiums / Townhomes - Attached
      • Planned Urban Development (PUD)
    • Must be owner Occupied
    • Must be located in State of California
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Property Qualifications
    • Eligible Properties
      • Single Family Residence - Detached
      • Condominiums / Townhomes - Attached
      • Planned Urban Development (PUD)
    • Must be owner Occupied
    • Must be located in State of California
    • Cannot own any other properties
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Property Qualifications
    • Eligible Properties
      • Single Family Residence - Detached
      • Condominiums / Townhomes - Attached
      • Planned Urban Development (PUD)
    • Must be owner Occupied
    • Must be located in State of California
    • Cannot own any other properties
      • Mobile home not on a permanent foundation and on leased lot/park is not considered real property
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Loan Structure
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Loan Structure
    • Max 1 st Loan Amount - 80%
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Loan Structure
    • Max 1 st Loan Amount - 80%
      • Qualify on 80% Only
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Loan Structure
    • Max 1 st Loan Amount - 80%
      • Qualify on 80% Only
      • Increases your purchasing power
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Loan Structure
    • Max 1 st Loan Amount - 80%
      • Qualify on 80% Only
      • Increases your purchasing power
    • Max 2 nd Loan Amount - 17%
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Loan Structure
    • Max 1 st Loan Amount - 80%
      • Qualify on 80% Only
      • Increases your purchasing power
    • Max 2 nd Loan Amount - 17%
      • No payments for first 5 years
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Loan Structure
    • Max 1 st Loan Amount - 80%
      • Qualify on 80% Only
      • Increases your purchasing power
    • Max 2 nd Loan Amount - 17%
      • No payments for first 5 years
    • 30 Year fixed rate loan only
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Loan Structure
    • Max 1 st Loan Amount - 80%
      • Qualify on 80% Only
      • Increases your purchasing power
    • Max 2 nd Loan Amount - 17%
      • No payments for first 5 years
    • 30 Year fixed rate loan only
    • Same interest rate for both loans
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Loan Structure
    • Max 1 st Loan Amount - 80%
      • Qualify on 80% Only
      • Increases your purchasing power
    • Max 2 nd Loan Amount - 17%
      • No payments for first 5 years
    • 30 Year fixed rate loan only
    • Same interest rate for both loans
    • One time free float down – both loans
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Second Mortgage
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Second Mortgage
    • Second Mortgage Loan
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Second Mortgage
    • Second Mortgage Loan
      • Deferred payments for 5 Years
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Second Mortgage
    • Second Mortgage Loan
      • Deferred payments for 5 Years
      • Simple interest accrues for deferred period
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Second Mortgage
    • Second Mortgage Loan
      • Deferred payments for 5 Years
      • Simple interest accrues for deferred period
      • Accrued interest added to principle balance
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Second Mortgage
    • Second Mortgage Loan
      • Deferred payments for 5 Years
      • Simple interest accrues for deferred period
      • Accrued interest added to principle balance
      • Fully amortized over remaining 300 months
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Second Mortgage
    • Second Mortgage Loan
      • Deferred payments for 5 Years
      • Simple interest accrues for deferred period
      • Accrued interest added to principle balance
      • Fully amortized over remaining 300 months
    • No surprises guarantee - You will know exactly what your payments will be
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Second Mortgage
    • Second Mortgage Loan
      • Deferred payments for 5 Years
      • Simple interest accrues for deferred period
      • Accrued interest added to principle balance
      • Fully amortized over remaining 300 months
    • No surprises guarantee - You will know exactly what your payments will be
      • Although you qualify on first mortgage only, we will always send you a good faith estimate with total payment
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
    • Down payment requirements
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
    • Down payment requirements
      • 3% down payment
      • 1% from buyer’s own funds
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
    • Down payment requirements
      • 3% down payment
      • 1% from buyer’s own funds
    • Sources of Down Payment and Closing Costs
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
    • Down payment requirements
      • 3% down payment
      • 1% from buyer’s own funds
    • Sources of Down Payment and Closing Costs
      • Down Payment - Borrower's own funds
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
    • Down payment requirements
      • 3% down payment
      • 1% from buyer’s own funds
    • Sources of Down Payment and Closing Costs
      • Down Payment - Borrower's own funds
      • Down Payment - Gift from relative
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
    • Down payment requirements
      • 3% down payment
      • 1% from buyer’s own funds
    • Sources of Down Payment and Closing Costs
      • Down Payment - Borrower's own funds
      • Down Payment - Gift from relative
      • Down Payment – Grant from government agency
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
    • Down payment requirements
      • 3% down payment
      • 1% from buyer’s own funds
    • Sources of Down Payment and Closing Costs
      • Down Payment - Borrower's own funds
      • Down Payment - Gift from relative
      • Down Payment – Grant from government agency
      • Closing Costs - Seller contributions up to 3%
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
    • Down payment requirements
      • 3% down payment
      • 1% from buyer’s own funds
    • Sources of Down Payment and Closing Costs
      • Down Payment - Borrower's own funds
      • Down Payment - Gift from relative
      • Down Payment – Grant from government agency
      • Closing Costs - Seller contributions up to 3%
      • Closing Costs - Borrower's own funds
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Down Payment
    • Down payment requirements
      • 3% down payment
      • 1% from buyer’s own funds
    • Sources of Down Payment and Closing Costs
      • Down Payment - Borrower's own funds
      • Down Payment - Gift from relative
      • Down Payment – Grant from government agency
      • Closing Costs - Seller contributions up to 3%
      • Closing Costs - Borrower's own funds
      • Closing Costs - Gift from relative
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
      • Can borrow up to 5% of value of home
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
      • Can borrow up to 5% of value of home
      • Up to 50% of Member’s current contribution
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
      • Can borrow up to 5% of value of home
      • Up to 50% of Member’s current contribution
        • Maximum $18,421
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
      • Can borrow up to 5% of value of home
      • Up to 50% of Member’s current contribution
        • Maximum $18,421
      • Personal loan secured by PERS
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
      • Can borrow up to 5% of value of home
      • Up to 50% of Member’s current contribution
        • Maximum $18,421
      • Personal loan secured by PERS
        • Not borrowed from PERS account
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
      • Can borrow up to 5% of value of home
      • Up to 50% of Member’s current contribution
        • Maximum $18,421
      • Personal loan secured by PERS
        • Not borrowed from PERS account
      • Minimum loan term is 1 year / Max is 15 years
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
      • Can borrow up to 5% of value of home
      • Up to 50% of Member’s current contribution
        • Maximum $18,421
      • Personal loan secured by PERS
        • Not borrowed from PERS account
      • Minimum loan term is 1 year / Max is 15 years
      • Must be primary residence
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
      • Can borrow up to 5% of value of home
      • Up to 50% of Member’s current contribution
        • Maximum $18,421
      • Personal loan secured by PERS
        • Not borrowed from PERS account
      • Minimum loan term is 1 year / Max is 15 years
      • Must be primary residence
      • Can be used toward down payment only
  • A Complete Guide to CalSTRS 80/17
    • Additional Low and No Down Payment Options for CalPERS Members
      • Use FHA 1 st to 96.5% LTV with personal loan
      • Maximum purchase price $350,000
      • Can borrow up to 5% of value of home
      • Up to 50% of Member’s current contribution
        • Maximum $18,421
      • Personal loan secured by PERS
        • Not borrowed from PERS account
      • Minimum loan term is 1 year / Max is 15 years
      • Must be primary residence
      • Can be used toward down payment only
      • Attend 100% Financing for CalPERS class
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
    • You do not have to be a first time homebuyer
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
    • You do not have to be a first time homebuyer
    • You cannot own any other properties
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
    • You do not have to be a first time homebuyer
    • You cannot own any other properties
    • Minimum FICO Scores
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
    • You do not have to be a first time homebuyer
    • You cannot own any other properties
    • Minimum FICO Scores
      • 620 for Loan Amounts up to $400,000
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
    • You do not have to be a first time homebuyer
    • You cannot own any other properties
    • Minimum FICO Scores
      • 620 for Loan Amounts up to $400,000
      • 680 for Loan Amounts up to $650,000
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
    • You do not have to be a first time homebuyer
    • You cannot own any other properties
    • Minimum FICO Scores
      • 620 for Loan Amounts up to $400,000
      • 680 for Loan Amounts up to $650,000
        • Combined 1 st & 2 nd Loans
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
    • You do not have to be a first time homebuyer
    • You cannot own any other properties
    • Minimum FICO Scores
      • 620 for Loan Amounts up to $400,000
      • 680 for Loan Amounts up to $650,000
        • Combined 1 st & 2 nd Loans
    • Interest Rate lock requires Property Address
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
    • You do not have to be a first time homebuyer
    • You cannot own any other properties
    • Minimum FICO Scores
      • 620 for Loan Amounts up to $400,000
      • 680 for Loan Amounts up to $650,000
        • Combined 1 st & 2 nd Loans
    • Interest Rate lock requires Property Address
      • Typically rate is locked when offer is accepted
  • A Complete Guide to CalSTRS 80/17
    • Other CalSTRS 80/17 Highlights
    • No Income limits
    • You do not have to be a first time homebuyer
    • You cannot own any other properties
    • Minimum FICO Scores
      • 620 for Loan Amounts up to $400,000
      • 680 for Loan Amounts up to $650,000
        • Combined 1 st & 2 nd Loans
    • Interest Rate lock requires Property Address
      • Typically rate is locked when offer is accepted
    • If offer falls out – Rate lock is lost as well
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
    • Cannot buy interest rate down
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
    • Cannot buy interest rate down
      • Below market / Set by CalSTRS
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
    • Cannot buy interest rate down
      • Below market / Set by CalSTRS
    • Cannot “roll in” closing costs into rate
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
    • Cannot buy interest rate down
      • Below market / Set by CalSTRS
    • Cannot “roll in” closing costs into rate
    • Fannie Mae – Pricing Adjustments
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
    • Cannot buy interest rate down
      • Below market / Set by CalSTRS
    • Cannot “roll in” closing costs into rate
    • Fannie Mae – Pricing Adjustments
      • Declining Market - .25%
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
    • Cannot buy interest rate down
      • Below market / Set by CalSTRS
    • Cannot “roll in” closing costs into rate
    • Fannie Mae – Pricing Adjustments
      • Declining Market - .25%
      • High LTV Flex 97 - .5%
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
    • Cannot buy interest rate down
      • Below market / Set by CalSTRS
    • Cannot “roll in” closing costs into rate
    • Fannie Mae – Pricing Adjustments
      • Declining Market - .25%
      • High LTV Flex 97 - .5%
      • Risk based credit score pricing
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
    • Cannot buy interest rate down
      • Below market / Set by CalSTRS
    • Cannot “roll in” closing costs into rate
    • Fannie Mae – Pricing Adjustments
      • Declining Market - .25%
      • High LTV Flex 97 - .5%
      • Risk based credit score pricing
        • None at 740 FICO
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 - What Makes it Different
    • Cannot buy interest rate down
      • Below market / Set by CalSTRS
    • Cannot “roll in” closing costs into rate
    • Fannie Mae – Pricing Adjustments
      • Declining Market - .25%
      • High LTV Flex 97 - .5%
      • Risk based credit score pricing
        • None at 740 FICO
    • Much lower cost than FHA but may require more money brought to the closing table
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
      • No upfront mortgage insurance premium
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
      • No upfront mortgage insurance premium
      • No monthly mortgage insurance premium
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
      • No upfront mortgage insurance premium
      • No monthly mortgage insurance premium
      • Qualify for 80% first mortgage only
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
      • No upfront mortgage insurance premium
      • No monthly mortgage insurance premium
      • Qualify for 80% first mortgage only
      • 17% second mortgage deferred for 5 years
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
      • No upfront mortgage insurance premium
      • No monthly mortgage insurance premium
      • Qualify for 80% first mortgage only
      • 17% second mortgage deferred for 5 years
      • No income or first time home buyer limits
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
      • No upfront mortgage insurance premium
      • No monthly mortgage insurance premium
      • Qualify for 80% first mortgage only
      • 17% second mortgage deferred for 5 years
      • No income or first time home buyer limits
      • Up to 3% seller concessions for closing costs
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
      • No upfront mortgage insurance premium
      • No monthly mortgage insurance premium
      • Qualify for 80% first mortgage only
      • 17% second mortgage deferred for 5 years
      • No income or first time home buyer limits
      • Up to 3% seller concessions for closing costs
      • Rates set by CalSTRS
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
      • No upfront mortgage insurance premium
      • No monthly mortgage insurance premium
      • Qualify for 80% first mortgage only
      • 17% second mortgage deferred for 5 years
      • No income or first time home buyer limits
      • Up to 3% seller concessions for closing costs
      • Rates set by CalSTRS
      • One time Free float down
  • A Complete Guide to CalSTRS 80/17
    • CalSTRS 80/17 – Review
      • Only 3% down payment required
      • No upfront mortgage insurance premium
      • No monthly mortgage insurance premium
      • Qualify for 80% first mortgage only
      • 17% second mortgage deferred for 5 years
      • No income or first time home buyer limits
      • Up to 3% seller concessions for closing costs
      • Rates set by CalSTRS
      • One time Free float down
      • Interest rate can be locked once offer accepted
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
        • Buyer Benefit - Lenders can’t charge more
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
        • Buyer Benefit - Lenders can’t charge more
      • What to watch out for……
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
        • Buyer Benefit - Lenders can’t charge more
      • What to watch out for……
        • Agent recommends lender but not program
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
        • Buyer Benefit - Lenders can’t charge more
      • What to watch out for……
        • Agent recommends lender but not program
        • Lender isn’t CalSTRS 80/17 Expert
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
        • Buyer Benefit - Lenders can’t charge more
      • What to watch out for……
        • Agent recommends lender but not program
        • Lender isn’t CalSTRS 80/17 Expert
        • FHA is presented as an option/solution
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
        • Buyer Benefit - Lenders can’t charge more
      • What to watch out for……
        • Agent recommends lender but not program
        • Lender isn’t CalSTRS 80/17 Expert
        • FHA is presented as an option/solution
          • Underwriting guidelines changed
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
        • Buyer Benefit - Lenders can’t charge more
      • What to watch out for……
        • Agent recommends lender but not program
        • Lender isn’t CalSTRS 80/17 Expert
        • FHA is presented as an option/solution
          • Underwriting guidelines changed
          • Approval can not be changed if locked
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
        • Buyer Benefit - Lenders can’t charge more
      • What to watch out for……
        • Agent recommends lender but not program
        • Lender isn’t CalSTRS 80/17 Expert
        • FHA is presented as an option/solution
          • Underwriting guidelines changed
          • Approval can not be changed if locked
    • CalSTRS loans can close in weeks – Call us!
  • A Complete Guide to CalSTRS 80/17
    • Bait and Switch “Red Flags”
      • Community programs designed to benefit specific members of the education community
      • CalSTRS loans have fixed rates and fees
        • Buyer Benefit - Lenders can’t charge more
      • What to watch out for……
        • Agent recommends lender but not program
        • Lender isn’t CalSTRS 80/17 Expert
        • FHA is presented as an option/solution
          • Underwriting guidelines changed
          • Approval can not be changed if locked
    • CalSTRS loans can close in weeks – Call us!
      • Escrow can often be delayed without penalty
  • $7,500 Federal Tax Credit
  • $7,500 Federal Tax Credit
    • No-interest loan paid back over 15 years
  • $7,500 Federal Tax Credit
    • No-interest loan paid back over 15 years
      • Begin paying back 2 years after claim
  • $7,500 Federal Tax Credit
    • No-interest loan paid back over 15 years
      • Begin paying back 2 years after claim
    • Must purchase on or before July 1 st , 2009
  • $7,500 Federal Tax Credit
    • No-interest loan paid back over 15 years
      • Begin paying back 2 years after claim
    • Must purchase on or before July 1 st , 2009
      • Between April 8th, 2008 and July 1 st , 2009
  • $7,500 Federal Tax Credit
    • No-interest loan paid back over 15 years
      • Begin paying back 2 years after claim
    • Must purchase on or before July 1 st , 2009
      • Between April 8th, 2008 and July 1 st , 2009
    • Must be first time home buyer
  • $7,500 Federal Tax Credit
    • No-interest loan paid back over 15 years
      • Begin paying back 2 years after claim
    • Must purchase on or before July 1 st , 2009
      • Between April 8th, 2008 and July 1 st , 2009
    • Must be first time home buyer
      • Can not have owned in past 3 years
  • $7,500 Federal Tax Credit
    • No-interest loan paid back over 15 years
      • Begin paying back 2 years after claim
    • Must purchase on or before July 1 st , 2009
      • Between April 8th, 2008 and July 1 st , 2009
    • Must be first time home buyer
      • Can not have owned in past 3 years
    • 10% of purchase price up $7,500
  • $7,500 Federal Tax Credit
    • No-interest loan paid back over 15 years
      • Begin paying back 2 years after claim
    • Must purchase on or before July 1 st , 2009
      • Between April 8th, 2008 and July 1 st , 2009
    • Must be first time home buyer
      • Can not have owned in past 3 years
    • 10% of purchase price up $7,500
    • $7,500 - Married filing joint or Single taxpayer
  • $7,500 Federal Tax Credit
    • No-interest loan paid back over 15 years
      • Begin paying back 2 years after claim
    • Must purchase on or before July 1 st , 2009
      • Between April 8th, 2008 and July 1 st , 2009
    • Must be first time home buyer
      • Can not have owned in past 3 years
    • 10% of purchase price up $7,500
    • $7,500 - Married filing joint or Single taxpayer
    • Married filing separate $3,750
  • $7,500 Federal Tax Credit
    • Home bought in 2008 can be claimed on 2008 returns
  • $7,500 Federal Tax Credit
    • Home bought in 2008 can be claimed on 2008 returns
    • Home bought in 2009 can be claimed on 2008 (or amended 2008) return
  • $7,500 Federal Tax Credit
    • Home bought in 2008 can be claimed on 2008 returns
    • Home bought in 2009 can be claimed on 2008 (or amended 2008) return
    • Income limit is $150,000 for married couple
  • $7,500 Federal Tax Credit
    • Home bought in 2008 can be claimed on 2008 returns
    • Home bought in 2009 can be claimed on 2008 (or amended 2008) return
    • Income limit is $150,000 for married couple
      • Phase out maximum is $170,000
  • $7,500 Federal Tax Credit
    • Home bought in 2008 can be claimed on 2008 returns
    • Home bought in 2009 can be claimed on 2008 (or amended 2008) return
    • Income limit is $150,000 for married couple
      • Phase out maximum is $170,000
    • Income limit is $75,000 for single taxpayer
  • $7,500 Federal Tax Credit
    • Home bought in 2008 can be claimed on 2008 returns
    • Home bought in 2009 can be claimed on 2008 (or amended 2008) return
    • Income limit is $150,000 for married couple
      • Phase out maximum is $170,000
    • Income limit is $75,000 for single taxpayer
      • Phase out maximum is $95,000
  • $7,500 Federal Tax Credit
    • Home bought in 2008 can be claimed on 2008 returns
    • Home bought in 2009 can be claimed on 2008 (or amended 2008) return
    • Income limit is $150,000 for married couple
      • Phase out maximum is $170,000
    • Income limit is $75,000 for single taxpayer
      • Phase out maximum is $95,000
    • Loan is paid back in 15 equal installments
  • $7,500 Federal Tax Credit
    • Home bought in 2008 can be claimed on 2008 returns
    • Home bought in 2009 can be claimed on 2008 (or amended 2008) return
    • Income limit is $150,000 for married couple
      • Phase out maximum is $170,000
    • Income limit is $75,000 for single taxpayer
      • Phase out maximum is $95,000
    • Loan is paid back in 15 equal installments
      • Deducted from refund on future returns
  • $7,500 Federal Tax Credit
    • Home bought in 2008 can be claimed on 2008 returns
    • Home bought in 2009 can be claimed on 2008 (or amended 2008) return
    • Income limit is $150,000 for married couple
      • Phase out maximum is $170,000
    • Income limit is $75,000 for single taxpayer
      • Phase out maximum is $95,000
    • Loan is paid back in 15 equal installments
      • Deducted from refund on future returns
      • Added to tax liability on future returns
  • $7,500 Federal Tax Credit
    • You would be ineligible for Tax Credit if:
  • $7,500 Federal Tax Credit
    • You would be ineligible for Tax Credit if:
      • Your income exceed the phase-out range
  • $7,500 Federal Tax Credit
    • You would be ineligible for Tax Credit if:
      • Your income exceed the phase-out range
      • You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild
  • $7,500 Federal Tax Credit
    • You would be ineligible for Tax Credit if:
      • Your income exceed the phase-out range
      • You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild
      • You stop using your home as your main home
  • $7,500 Federal Tax Credit
    • You would be ineligible for Tax Credit if:
      • Your income exceed the phase-out range
      • You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild
      • You stop using your home as your main home
      • You sell your home before the end of the year
  • $7,500 Federal Tax Credit
    • You would be ineligible for Tax Credit if:
      • Your income exceed the phase-out range
      • You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild
      • You stop using your home as your main home
      • You sell your home before the end of the year
      • You are a nonresident alien
  • $7,500 Federal Tax Credit
    • You would be ineligible for Tax Credit if:
      • Your income exceed the phase-out range
      • You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild
      • You stop using your home as your main home
      • You sell your home before the end of the year
      • You are a nonresident alien
      • Your home financing comes from tax-exempt mortgage revenue bonds - CalHFA
  • $7,500 Federal Tax Credit
    • You would be ineligible for Tax Credit if:
      • Your income exceed the phase-out range
      • You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild
      • You stop using your home as your main home
      • You sell your home before the end of the year
      • You are a nonresident alien
      • Your home financing comes from tax-exempt mortgage revenue bonds - CalHFA
      • You owned another main at any time during the three years prior to the date of purchase
  • A Complete Guide to CalSTRS 80/17
    • Wrap up and Take Aways
  • A Complete Guide to CalSTRS 80/17
    • Wrap up and Take Aways
      • We are a direct Lender that specializes in CalSTRS, CalPERS, CalHFA, VA, Conventional and Jumbo Loans
  • A Complete Guide to CalSTRS 80/17
    • Wrap up and Take Aways
      • We are a direct Lender that specializes in CalSTRS, CalPERS, CalHFA, VA, Conventional and Jumbo Loans
      • We are a direct Lender that specializes in FHA Refinance, Streamline and Purchase loans.
  • A Complete Guide to CalSTRS 80/17
    • Wrap up and Take Aways
      • We are a direct Lender that specializes in CalSTRS, CalPERS, CalHFA, VA, Conventional and Jumbo Loans
      • We are a direct Lender that specializes in FHA Refinance, Streamline and Purchase loans.
      • We are more than happy to be your “second opinion” if you are already working with someone
  • A Complete Guide to CalSTRS 80/17
    • Wrap up and Take Aways
      • We are a direct Lender that specializes in CalSTRS, CalPERS, CalHFA, VA, Conventional and Jumbo Loans
      • We are a direct Lender that specializes in FHA Refinance, Streamline and Purchase loans.
      • We are more than happy to be your “second opinion” if you are already working with someone
      • We are committed to educating and empowering homeowners - Join us for future classes
  • A Complete Guide to CalSTRS 80/17
    • Wrap up and Take Aways
      • You will receive a “Thank you” email with links to the information we’ve talked about here today
        • Copy of power point presentation
        • Secure on-line loan application
        • Links to tools and resources we talk about in all of our classes
        • Link to CalSTRS website to follow rates
        • Dream Home Finder request
        • A schedule of all upcoming classes
  • Upcoming Home Buyer Classes
  • Upcoming Home Buyer Classes
    • A Complete Guide to Buying Foreclosures and Short Sales
  • Upcoming Home Buyer Classes
    • A Complete Guide to Buying Foreclosures and Short Sales
    • A Complete Guide to Closing Costs and the Good Faith Estimate
  • Upcoming Home Buyer Classes
    • A Complete Guide to Buying Foreclosures and Short Sales
    • A Complete Guide to Closing Costs and the Good Faith Estimate
    • A Complete Guide to the CalSTRS 80/17 Home Purchase Program
  • Upcoming Home Buyer Classes
    • A Complete Guide to Buying Foreclosures and Short Sales
    • A Complete Guide to Closing Costs and the Good Faith Estimate
    • A Complete Guide to the CalSTRS 80/17 Home Purchase Program
    • A First Time Home buyer’s Complete Guide to Credit and Qualifying
  • Upcoming Home Buyer Classes
    • A Complete Guide to Buying Foreclosures and Short Sales
    • A Complete Guide to Closing Costs and the Good Faith Estimate
    • A Complete Guide to the CalSTRS 80/17 Home Purchase Program
    • A First Time Home buyer’s Complete Guide to Credit and Qualifying
    • A Complete Guide to the CalPERS Home Loan Program – No down option
  • Upcoming Home Buyer Classes
    • A Complete Guide to Buying Foreclosures and Short Sales
    • A Complete Guide to Closing Costs and the Good Faith Estimate
    • A Complete Guide to the CalSTRS 80/17 Home Purchase Program
    • A First Time Home buyer’s Complete Guide to Credit and Qualifying
    • A Complete Guide to the CalPERS Home Loan Program – No down option
    • A First Time Home Buyer’s Complete Guide to Hiring a Real Estate Agent and Finding the Best Deals
  • Upcoming Home Buyer Classes
    • A Complete Guide to Buying Foreclosures and Short Sales
    • A Complete Guide to Closing Costs and the Good Faith Estimate
    • A Complete Guide to the CalSTRS 80/17 Home Purchase Program
    • A First Time Home buyer’s Complete Guide to Credit and Qualifying
    • A Complete Guide to the CalPERS Home Loan Program – No down option
    • A First Time Home Buyer’s Complete Guide to Hiring a Real Estate Agent and Finding the Best Deals
    • Check back often for upcoming classes
  • Thank you for Attending You input is Valuable Please complete 2 question survey when you log off Presented By: Broadview Mortgage Corp. Presenter: Scott Schang Contact Information: Phone: 866-667-6724 [email_address]