Posts tagged as:

Orange County

Down Payment Assistance for Orange County

by Scott Schang February 10, 2010

Updated 2/11/2010- I just called today, program has been suspended for the time being but should be up and running in a few months.
Down Payment Assistance
Contact Letty Plascencia at 714.490.1250 or by email at lettyp@nhsoc.org

Read the full article →

Down Payment Assistance for CalSTRS and CalPERS Members – Low to No Down Payment Home Purchase Loans

by Scott Schang August 27, 2008

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 [...]

Read the full article →

CalHFA Reduces Interest Rates – August 8th, 2008

by Scott Schang August 12, 2008

In such a volatile market as we’re in right now, on a day when conventional interest rates went up .125%, The California Housing Finance Agency in an unprecedented announcement reduced interest rates across the board.

Rate Reductions are as follows:
30 Year Fixed

Moderate Income Areas Reduced .125% to 6.75%
Low Income Areas Reduced .25% to 6.5%

35 Year interest [...]

Read the full article →

California State Teachers Retirement System – CalSTRS 80/17 3% Down Payment Home Purchase Loan Program

by Scott Schang May 13, 2008

Program Summary: CalSTRS is the California State Teachers Retirement Program providing retirement related benefits to teachers in public schools and Community Colleges in the State of California. Facts about CalSTRS:

Largest U.S. Teachers Retirement Fund
2nd Largest U.S. Public Pension Fund
CalSTRS assets stands at $164 Billion as of March 31, 2008
CalSTRS membership stands at 795,000

The CalSTRS Home [...]

Read the full article →

California State Teachers Retirement System – CalSTRS 95/5 No Down Payment Home Purchase Loan Program

by Scott Schang May 13, 2008

Largest U.S. Teachers Retirement Fund
2nd Largest U.S. Public Pension Fund
CalSTRS assets stands at $164 Billion as of March 31, 2008
CalSTRS membership stands at 795,000

The CalSTRS Home [...]

Read the full article →

California State Teachers Retirement System – CalSTRS Conforming / Non Conforming Home Buyer Program

by Scott Schang May 13, 2008

Largest U.S. Teachers Retirement Fund
2nd Largest U.S. Public Pension Fund
CalSTRS assets stands at $164 Billion as of March 31, 2008
CalSTRS membership stands at 795,000

The CalSTRS Home [...]

Read the full article →

County of Orange Mortgage Assistance Program (MAP)

by Scott Schang May 6, 2008

Program Summary
Silent second mortgage loan program for low-income first-time homebuyers; principal and interest payments deferred for term of loan due in 30th year or upon sale or transfer of property, when property ceases to become owner-occupied, or upon repayment or refinancing of first mortgage, whichever comes first.

Program Details
Eligible Buyers:
All buyers on title must be [...]

Read the full article →

City of Orange – Mortgage Credit Certificate (MCC)

by Scott Schang May 3, 2008

Mortgage Credit Certificate Program Fact Sheet

The Mortgage Credit Certificate (MCC) Program enables first-time homebuyers to receive a federal income tax credit of 15% of the annual mortgage interest paid.
MCC’s reduce federal income tax, increase take-home pay, and increase the qualifying loan amount for homebuyers.
Program assistance is available only to income-eligible persons and families who have [...]

Read the full article →

City of Orange – First Time Home Buyer Down Payment Assistance Program

by Scott Schang May 3, 2008

First Time Homebuyer Program
The First Time Homebuyer Program is currently being revised. Please call 714-288-2580 to be placed on the waiting list.

Read the full article →

City of Anaheim – HOME Federal Down Payment Assistance Program

by Scott Schang May 3, 2008

Program Summary
Federally funded payment assistance program
Program Details
Eligible Buyers: Assistance offered to households who do not currently own a home
Purchase Price Limits: $280,749
Down Payment Assistance: Up to $50,000
Interest Rate: 3% simple interest
Income Limits: 80% of Area Median Income

Household Size

Income

$39,500 or less

$45,200

$50,850

$56,500

$61,000

$65,550

$70,050

$74,600

Payments: No monthly payments due. Loan due [...]