!
2014 Guide to CHF
Platinum Grant Programs
Educating and Empowering since 1988
www.FindMyWayHome.com
Licensed by the Depa...
CHF Grants Under the Hood
★ FHA, VA, USDA Qualifying Overview
★ CHF Conventional Grant Overview
★ Borrower Requirements
★ ...
CHF Platinum Grant Programs
Educating and Empowering since 1988
www.FindMyWayHome.com
Licensed by the Department of Busine...
★ Must Use Program First Mortgage
★ 30 Year Fixed FHA, VA, USDA
★ Less of $417,000 or FHA Loan Limit
★ Duplexes Ok
★ Quali...
★ Equal to 3% or 5% of 1st Loan
★ Interest Rate Increases at 5% Grant
★ Can be Used for Closing or Down
★ No Cash Back All...
★ Equal to 4% of 1st Loan
★ Can be Used for Closing or Down
★ 140% Area Median Income Limit
★ Discount Mortgage Insurance
...
★ Must be Primary Residence
★ Income Limit 115% AMI / County
★ 640 Minimum Credit Score
★ Maximum DTI 45%
★ Meet all First...
Mix & Match Assistance Programs
Educating and Empowering since 1988
www.FindMyWayHome.com
Licensed by the Department of Bu...
California Housing Finance Agency
CalHFA First Time Homebuyer Loans
Official State of California
Educating and Empowering ...
Educating and Empowering since 1988
★ No Principle Residence for 3 Years
★ Can Own Other Properties (Tax Returns)
★ Qualif...
★ Must Be Owner Occupied within 60 Days
★ Must Not Exceed CalHFA Income Limits
★ Maximum 43% Debt to Income
★ Minimum 640 ...
★ Sales Price Limits by County
★ Single Family, One-Unit Residence Only
★ Condominiums Must Be FHA Approved
★ Lot Size Can...
★ FHA, VA, USDA 3% to 5% Grant + CHDAP
★ Conventional 4% Grant w/ Disc PMI + CHDAP
Stacking Options
Always Use Most Restri...
Review & Take Aways
Educating and Empowering since 1988
www.FindMyWayHome.com
Licensed by the Department of Business Overs...
★ Grants up to 5% of First Loan Amount
★ FHA & Conventional Grant Programs
★ Available Statewide - Income to 140% AMI
★ Ap...
★ 3 Years Most Recent Tax Returns
★ 2 Yr Residence & Proof of Rent
★ 2 Yr Employment same field
★ Complete Application & C...
!
Thank You for Watching!
Links to check eligibility and additional resources below
Educating and Empowering since 1988
ww...
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Broadview Mortgage Long Beach - 2014 Guide to CHF Platinum Homebuyer Grants

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The CHF Platinum Grant programs offer up to as much as 5% of the first loan amount as a homebuyer grant. This grant can be used for down payment or closing cost assistance. As a direct lender that specializes in the CHF Platinum Grant, you can visit Broadview Mortgage Long Beach for more information - www.BMCLB.com

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Broadview Mortgage Long Beach - 2014 Guide to CHF Platinum Homebuyer Grants

  1. 1. ! 2014 Guide to CHF Platinum Grant Programs Educating and Empowering since 1988 www.FindMyWayHome.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  2. 2. CHF Grants Under the Hood ★ FHA, VA, USDA Qualifying Overview ★ CHF Conventional Grant Overview ★ Borrower Requirements ★ Using CHF Grant with CalHFA CHDAP ★ Documentation Checklist for Eligibility Educating and Empowering since 1988 www.BMCLB.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 CHF Platinum Grant Programs Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  3. 3. CHF Platinum Grant Programs Educating and Empowering since 1988 www.FindMyWayHome.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  4. 4. ★ 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 Program Highlights CHF Platinum Grant Qualifying Overview Educating and Empowering since 1988 www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  5. 5. ★ 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 CHF Platinum Grant CHF Grant Facts California Homebuyer Grant Educating and Empowering since 1988 www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  6. 6. ★ 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 CHF Conventional Grant Conventional Grant Facts California Homebuyer Grant Educating and Empowering since 1988 www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  7. 7. ★ Must be Primary Residence ★ Income Limit 115% AMI / County ★ 640 Minimum Credit Score ★ Maximum DTI 45% ★ Meet all First Mortgage Guidelines CHF Platinum Grant California Homebuyer Grant Borrower Requirements Educating and Empowering since 1988 www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  8. 8. Mix & Match Assistance Programs Educating and Empowering since 1988 www.FindMyWayHome.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  9. 9. California Housing Finance Agency CalHFA First Time Homebuyer Loans Official State of California Educating and Empowering since 1988 www.BMCLB.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 First Time Homebuyer Loans Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  10. 10. Educating and Empowering since 1988 ★ 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 First Time Homebuyer Requirement California Housing Finance Agency CalHFA First Time Homebuyer Loans www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  11. 11. ★ Must Be Owner Occupied within 60 Days ★ Must Not Exceed CalHFA Income Limits ★ Maximum 43% Debt to Income ★ Minimum 640 FICO ★ 30 Minute Homebuyer Education Class ★ Non-Occupant Co-Signers Allowed (FHA) Borrower Requirements California Housing Finance Agency CalHFA First Time Homebuyer Loans Educating and Empowering since 1988 www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  12. 12. ★ 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 Property Requirements California Housing Finance Agency CalHFA First Time Homebuyer Loans Educating and Empowering since 1988 www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  13. 13. ★ FHA, VA, USDA 3% to 5% Grant + CHDAP ★ Conventional 4% Grant w/ Disc PMI + CHDAP Stacking Options Always Use Most Restrictive Rules Mix & Match Assistance Programs Educating and Empowering since 1988 www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  14. 14. Review & Take Aways Educating and Empowering since 1988 www.FindMyWayHome.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  15. 15. ★ Grants up to 5% of First Loan Amount ★ FHA & Conventional Grant Programs ★ Available Statewide - Income to 140% AMI ★ Approved Lender CalHFA and CHF Platinum Quick Review CHF Grant Awesomeness California Homebuyer Assistance Educating and Empowering since 1988 www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  16. 16. ★ 3 Years Most Recent Tax Returns ★ 2 Yr Residence & Proof of Rent ★ 2 Yr Employment same field ★ Complete Application & Credit Review ★ Creative Lender is Key - Other Options Wrap Up & Take Aways California Homebuyer Assistance Documentation Checklist Educating and Empowering since 1988 www.BMCLB.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com
  17. 17. ! Thank You for Watching! Links to check eligibility and additional resources below Educating and Empowering since 1988 www.FindMyWayHome.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 Ask questions below, call (888) 808-8062 or email: ScottS@BroadviewMortgage.com

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