Not sure where to start? Take a moment to view this informative YouTube video that explains the process for applying for and qualifying for down payment assistance – Click Here to View this Video
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Education is our passion – You can arm yourself against deceptive and unethical “Real Estate Professionals” by educating yourself about the home buying process.
These informative and convenient on-line classes will empower you with the ability to make educated financial decisions about choosing a lender, real estate agent, loan program and understanding everything that happens during the home buying process. Bookmark this page and check back often for new dates, times and classes.
Schedule of Homebuyer Education Classes – Click Here
Every day seems to bring new challenges for new home buyers looking to purchase homes in the State of California. As home prices drop to seemingly jaw dropping levels California Teachers and Public Employees are making up a large percentage of first time home buyers entering this market.
If you do not belong to special organization like CalSTRS or CalPERS there are still programs available to purchase with little or no money down, but not nearly the options available to members of these organizations.
CalSTRS made a startling announcement earlier this week that it have successfully defended an important underwriting guideline with Fannie Mae that has resulted in many more California Teachers and Employees being able to qualify for the 80/17 loan program.
There is no program available anywhere in the State or Country that has the benefits of this loan program. No mortgage insurance, low interest rates, low fees, deferred payments on down payment for 5 years – Inquire here for more information on this program.
CalHFA still offers great programs to first time home buyers, and specifically to Teachers working in high priority (title 1) schools in the State of California. The Extra Credit Teacher program provides a 3% silent second mortgage with no payments due for the life of the first loan. Teachers that qualify for this loan program may have to come in with as much as 2% down payment, but as little as nothing down with the use of other down payment assistance programs available through CalHFA and it’s affiliate DPA program. Inquire here for more information on this program.
CalPERS offers a loan program that allows you to borrow up to 95% loan to value plus take a personal loan of up to $18,000 or half of your CalPERS value to cover the additional 5%. The result is that you can borrow up to 100% of the purchase price. Inquire here for more information on this program.
If you have questions about this or any other down payment assistance programs that may be available in your area call us at 1-866-667-6724 or Click Here if you would like us to research programs you may qualify for.
For a complete list of upcoming no-cost on-line home buyer classes, follow this link – Upcoming First Time Homebuyer Classes
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