California First Time Home Buyers

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California First Time Home Buyers

  1. 1. California First-time home buyers State sponsored programs to help first time home buyers.
  2. 2. Benefits <ul><li>Upto 100% financing. </li></ul><ul><li>Higher loan limit (jumbo loans eligible). </li></ul><ul><li>Down-payment assistance. </li></ul><ul><li>Below market interest rates. </li></ul><ul><li>Low Mortgage Insurance rates. </li></ul><ul><li>Mortgage protection program. </li></ul>
  3. 3. Loan Programs <ul><li>30 Years Amortized. </li></ul><ul><li>40 Years Amortized. </li></ul><ul><li>35 Years with 5 years Interest first. </li></ul>
  4. 4. Income Limit <ul><li>County specific maximum income limit applies to qualify. </li></ul><ul><li>Example, for Alameda county the income limit for upto 2 persons household is $95,532. </li></ul><ul><li>For Yuba county 2 persons household limit is $61,750. </li></ul>
  5. 5. Sale Price Limit <ul><li>County specific maximum home value limit applies to qualify </li></ul><ul><li>Example, for Alameda county the maximum limit is $670,183 for resale homes. </li></ul><ul><li>For Yuba county the maximum limit is $382,212 for resale homes. </li></ul>
  6. 6. Subordinate Financing <ul><li>Down payment assistance programs are available for qualified borrowers. </li></ul><ul><li>CHAP, CHDAP, HiCAP </li></ul>
  7. 7. Local Agencies Assistance <ul><li>Some Cities and counties have grants available to help out qualified first time home buyers. </li></ul>
  8. 8. Contact <ul><li>For more information </li></ul><ul><li>please contact </li></ul><ul><li>Bilal Hasan at </li></ul><ul><li>(Tel) 510-870-2285 </li></ul><ul><li>[email_address] </li></ul><ul><li>www.hasanloan.com </li></ul>

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