Educating and Empowering since 1988

!

2014 Guide to California
Teacher Assistance Programs

Use Questions & Answers box ...
2014 California Teacher Loans
Buyer Assistance Programs
★ CalSTRS Home Loan Program Update
★ BCA Community Access + CHDAP
...
2014 California Teacher Loans
CalSTRS Home Loan Update

Use Questions & Answers box for real time response, or call
(888) ...
Educating and Empowering since 1988

Broadview Community Access

Use Questions & Answers box for real time response, or ca...
Discount Mortgage Insurance
Broadview Community Access
BCA Program Highlights
★
★
★
★
★
★
★

FHA Alternative
5% Down Payme...
Discount Mortgage Insurance
Broadview Community Access
Homebuyer Qualifying
★ Must be Primary Home
★ Not First Time Buyer ...
Discount Mortgage Insurance
Community Access
2014 Loan and Income Limits
★ $417,000 Maximum Loan Amount
★ 140% Area Median...
Educating and Empowering since 1988

California Housing Finance Agency

Use Questions & Answers box for real time response...
California Housing Finance Agency

CalHFA First Time Homebuyer Loans
Buyer Assistance Loans

CalPLUS ZIP - CalHFA FHA - EC...
California Housing Finance Agency

CalHFA First Time Homebuyer Loans
First Time Homebuyer Requirement
★ No Principle Resid...
California Housing Finance Agency

CalHFA First Time Homebuyer Loans
Borrower Requirements
★ Must Be Owner Occupied within...
California Housing Finance Agency

CalHFA First Time Homebuyer Loans
Non-Occupant Co-Signer Rules
★ Must NOT Occupy the Pr...
California Housing Finance Agency

CalHFA First Time Homebuyer Loans
Property Requirements
★ Sales Price Limits by County
...
Educating and Empowering since 1988

Extra Credit Teacher Program

Use Questions & Answers box for real time response, or ...
California Housing Finance Agency

CalHFA Extra Credit Teacher Program

Silent Second Mortgage
“The Extra Credit Teacher H...
California Housing Finance Agency

CalHFA Extra Credit Teacher Program

Borrower Eligibility Requirements
Teachers, Admini...
California Housing Finance Agency

CalHFA Extra Credit Teacher Program

Calculating Buyer Assistance
★ Fixed Rate* - Defer...
Educating and Empowering since 1988

CalHFA First Mortgage Programs

Use Questions & Answers box for real time response, o...
California Housing Finance Agency

CalHFA First Time Homebuyer Loans
CalHFA First Mortgage Loans
★ CalHFA FHA & CalPLUS
★ ...
California Housing Finance Agency

CalHFA First Time Homebuyer Loans
CalPLUS with ZIP
★ CalPLUS Interest Rate is Higher
★ ...
Educating and Empowering since 1988

CalHFA CHDAP

Use Questions & Answers box for real time response, or call
(888) 808-8...
California Housing Finance Agency

CalHFA First Time Homebuyer Loans
CalHFA CHDAP
★ 3% of Purchase Price
★ Can be used wit...
Educating and Empowering since 1988

CHF Platinum Grant

Use Questions & Answers box for real time response, or call
(888)...
CHF Platinum Grant
Program Highlights
Qualifying Overview
★ Must Use Program First Mortgage
★ 30 Year Fixed FHA, VA, USDA
...
California Homebuyer Grant
CHF Platinum Grant
CHF Grant Facts
★ Equal to 3% or 5% of 1st Loan
★ Interest Rate Increases at...
California Homebuyer Grant
CHF Platinum Grant
Borrower Requirements
★ Must be Primary Residence
★ Income Limit 115% AMI / ...
California Homebuyer Grant
CHF Conventional Grant
Conventional Grant Facts
★ Equal to 4% of 1st Loan
★ Can be Used for Clo...
Educating and Empowering since 1988

SCHFA Homebuyer Grant

Use Questions & Answers box for real time response, or call
(8...
California Homebuyer Grant
SCHFA Homebuyer Grant
SCHFA Grant Facts
★ Equal to 4% of 1st Loan
★ First Time Buyer = No Prima...
California Homebuyer Grant
SCHFA Homebuyer Grant
SCHFA Grant Facts
★ Use for Down Payment or Closing Costs
★ Lender Orders...
California Homebuyer Grant
SCHFA Homebuyer Grant
Borrower Requirements
★ Must be Primary Residence
★ 640 Minimum Credit Sc...
Educating and Empowering since 1988

Mix & Match Assistance Programs

Use Questions & Answers box for real time response, ...
Mix & Match Assistance Programs
Stacking Options
Always Use Most Restrictive Rules
★ CalHFA FHA or CalPLUS + ZIP + ECTP
★ ...
Educating and Empowering since 1988

Wrap Up & Take Aways

Use Questions & Answers box for real time response, or call
(88...
California Homebuyer Assistance
Quick Review
Teachers and Home Buyers
★ Community Access + CHDAP = CalSTRS
★ CalHFA FHA or...
California Homebuyer Assistance
Wrap Up & Take Aways
Community Programs
★ Community Programs are Back
★ Offered on Level P...
Educating and Empowering since 1988

!

Thank You for Attending!
Links to check eligibility and additional resources below...
Upcoming SlideShare
Loading in …5
×

2014 Guide to California Teacher Loans - Video

1,376 views

Published on

The State of California Housing Finance Authority (CalHFA) has recently reintroduced and expanded it's Extra Credit Teacher Program.

Complete Post & Guidelines Here: www.BMCLB.com/edu-workbook/

In addition to this exciting new Buyer Assistance and Closing Cost assistance program, the State of California also offers homebuyer assistance loans and grants that are available to first time, and non-first time buyers throughout the State.

This slideshow was modified from the original live class to create a shortened version for video.

Published in: Real Estate
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,376
On SlideShare
0
From Embeds
0
Number of Embeds
558
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

2014 Guide to California Teacher Loans - Video

  1. 1. Educating and Empowering since 1988 ! 2014 Guide to California Teacher Assistance Programs Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  2. 2. 2014 California Teacher Loans Buyer Assistance Programs ★ CalSTRS Home Loan Program Update ★ BCA Community Access + CHDAP ★ Extra Credit Teacher Program ★ CalHFA FHA, CalPLUS w/ ZIP, CHDAP ★ 3 CHF Platinum Grants - Updated 2/2014 ★ SCHFA OC & LA Homebuyer Grant Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  3. 3. 2014 California Teacher Loans CalSTRS Home Loan Update Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  4. 4. Educating and Empowering since 1988 Broadview Community Access Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  5. 5. Discount Mortgage Insurance Broadview Community Access BCA Program Highlights ★ ★ ★ ★ ★ ★ ★ FHA Alternative 5% Down Payment Can use w CHDAP Reduced PMI Rate Reduced Closing Costs Refinance Ok 30 Year Fixed Only Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  6. 6. Discount Mortgage Insurance Broadview Community Access Homebuyer Qualifying ★ Must be Primary Home ★ Not First Time Buyer Loan ★ Duplexes Allowed ★ 620 to 85.01 - 90% LTV ★ 660 to 90.01 - 95% LTV ★ 680 to 95.01 - 97% LTV Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  7. 7. Discount Mortgage Insurance Community Access 2014 Loan and Income Limits ★ $417,000 Maximum Loan Amount ★ 140% Area Median Income ★ LA & Orange County $93,520 ★ Riverside / San Bernardino $87,640 ★ San Diego $102,260 ★ Contact us for More Limits Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  8. 8. Educating and Empowering since 1988 California Housing Finance Agency Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  9. 9. California Housing Finance Agency CalHFA First Time Homebuyer Loans Buyer Assistance Loans CalPLUS ZIP - CalHFA FHA - ECTP - CHDAP Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  10. 10. California Housing Finance Agency CalHFA First Time Homebuyer Loans First Time Homebuyer Requirement ★ No Principle Residence for 3 Years ★ Can Own Other Properties (Tax Returns) ★ Qualified Veterans Exempt ★ Federally Designated Target Area Exempt ★ Boomerang Buyers OK after 3 Years Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  11. 11. California Housing Finance Agency CalHFA First Time Homebuyer Loans Borrower Requirements ★ Must Be Owner Occupied within 60 Days ★ Must Not Exceed CalHFA Income Limits ★ Maximum 43% Debt to Income ★ Minimum 640 FICO ★ 8 Hours Homebuyer Education Class ★ Non-Occupant Co-Signers Allowed Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  12. 12. California Housing Finance Agency CalHFA First Time Homebuyer Loans Non-Occupant Co-Signer Rules ★ Must NOT Occupy the Property ★ Must Not be on Title or Have Interest in Home ★ Will have Income, Assets, Liabilities & Credit History Considered by Underwriters Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  13. 13. California Housing Finance Agency CalHFA First Time Homebuyer Loans Property Requirements ★ Sales Price Limits by County ★ Single Family, One-Unit Residence Only ★ Condominiums Must Be FHA Approved ★ Lot Size Cannot Exceed 5 Acres ★ Must Carry 2 Year Home Warranty Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  14. 14. Educating and Empowering since 1988 Extra Credit Teacher Program Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  15. 15. California Housing Finance Agency CalHFA Extra Credit Teacher Program Silent Second Mortgage “The Extra Credit Teacher Home Purchase Program (ECTP) is a deferred payment, simple interest rate subordinate loan.” ! - CalHFA Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  16. 16. California Housing Finance Agency CalHFA Extra Credit Teacher Program Borrower Eligibility Requirements Teachers, Administrators, classified employees and staff members working in either a county/ continuation schools or high priority schools* ★ *Academic Performance Index (API) 1-5 ★ “If it’s ranked (API 1-5) it’s eligible” ★ Emergency Teaching Credential ineligible Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  17. 17. California Housing Finance Agency CalHFA Extra Credit Teacher Program Calculating Buyer Assistance ★ Fixed Rate* - Deferred Payments ★ Greater of $7,500 or 3% Sales Price ★ Greater of $15,000 or 3% - High Cost Area ★ 0% Interest after 3 Years* ★ Must Use CalHFA First Mortgage Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  18. 18. Educating and Empowering since 1988 CalHFA First Mortgage Programs Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  19. 19. California Housing Finance Agency CalHFA First Time Homebuyer Loans CalHFA First Mortgage Loans ★ CalHFA FHA & CalPLUS ★ Both are FHA Insured Mortgages ★ Same Income Limits all Programs ★ Sales Price Limits by County ★ Rates & Fees set by CalHFA Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  20. 20. California Housing Finance Agency CalHFA First Time Homebuyer Loans CalPLUS with ZIP ★ CalPLUS Interest Rate is Higher ★ Zero Interest Program (ZIP) CalPLUS Only ★ Silent Second, Deferred for Life of Loan ★ 3.5% of Total Loan Amount inc. UFMIP ★ Automatic Approval with CalPLUS Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  21. 21. Educating and Empowering since 1988 CalHFA CHDAP Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  22. 22. California Housing Finance Agency CalHFA First Time Homebuyer Loans CalHFA CHDAP ★ 3% of Purchase Price ★ Can be used with Non-CalHFA First Mtg ★ Silent Second, Deferred for Life of Loan ★ Income & Sales Price Limits ★ Can be Used in Any Lien Position ★ Cannot be used with ECTP Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  23. 23. Educating and Empowering since 1988 CHF Platinum Grant Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  24. 24. CHF Platinum Grant Program Highlights Qualifying Overview ★ Must Use Program First Mortgage ★ 30 Year Fixed FHA, VA, USDA ★ Less of $417,000 or FHA Loan Limit ★ Duplexes Ok ★ Qualify for 1st is Grant Eligible Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  25. 25. California Homebuyer Grant CHF Platinum Grant CHF Grant Facts ★ Equal to 3% or 5% of 1st Loan ★ Interest Rate Increases at 5% Grant ★ Can be Used for Closing or Down ★ No Cash Back Allowed ★ Lender Requests Grant at Closing ★ Can use with CHDAP - Income Limits Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  26. 26. California Homebuyer Grant CHF Platinum Grant Borrower Requirements ★ Must be Primary Residence ★ Income Limit 115% AMI / County ★ 640 Minimum Credit Score ★ Maximum DTI 45% ★ Meet all FHA, VA, USDA Guidelines Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  27. 27. California Homebuyer Grant CHF Conventional Grant Conventional Grant Facts ★ Equal to 4% of 1st Loan ★ Can be Used for Closing or Down ★ 140% Area Median Income Limit ★ Discount Mortgage Insurance ★ Can use with CHDAP Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  28. 28. Educating and Empowering since 1988 SCHFA Homebuyer Grant Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  29. 29. California Homebuyer Grant SCHFA Homebuyer Grant SCHFA Grant Facts ★ Equal to 4% of 1st Loan ★ First Time Buyer = No Primary 3 Yrs ★ Max First Mortgage = $417,000 ★ LA – 1-2 = $99,360 / 3+ = $111,515 ★ OC – 1-2 = $109,800 / 3+ = $128,100 Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  30. 30. California Homebuyer Grant SCHFA Homebuyer Grant SCHFA Grant Facts ★ Use for Down Payment or Closing Costs ★ Lender Orders Grant at Closing ★ Use with CHDAP - CalHFA Limits Apply Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  31. 31. California Homebuyer Grant SCHFA Homebuyer Grant Borrower Requirements ★ Must be Primary Residence ★ 640 Minimum Credit Score ★ Maximum DTI 45% ★ Meet all FHA, VA, USDA Guidelines Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  32. 32. Educating and Empowering since 1988 Mix & Match Assistance Programs Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  33. 33. Mix & Match Assistance Programs Stacking Options Always Use Most Restrictive Rules ★ CalHFA FHA or CalPLUS + ZIP + ECTP ★ CalHFA FHA or CalPLUS + ZIP + CHDAP ★ CHF Platinum Grant + CHDAP ★ Broadview Community Access + CHDAP ★ Any FHA or Conventional Loan + CHDAP Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  34. 34. Educating and Empowering since 1988 Wrap Up & Take Aways Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com
  35. 35. California Homebuyer Assistance Quick Review Teachers and Home Buyers ★ Community Access + CHDAP = CalSTRS ★ CalHFA FHA or CalPLUS ZIP ★ CalPLUS + ZIP + ECTP = 3.5% LA + 3% SP ★ CHF & SCHFA Grants - Not Paid Back ★ Approved Lender CalHFA,CHF, SCHFA Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  36. 36. California Homebuyer Assistance Wrap Up & Take Aways Community Programs ★ Community Programs are Back ★ Offered on Level Playing Field ★ More From CalHFA This Year ★ Creative Solutions are Available ★ Creative Lender is Key Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © Educating and Empowering since 1988 www.BMCLB.com
  37. 37. Educating and Empowering since 1988 ! Thank You for Attending! Links to check eligibility and additional resources below Use Questions & Answers box for real time response, or call (888) 808-8062 or email: ScottS@BroadviewMortgage.com Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 ! Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender © www.FindMyWayHome.com

×