Spread The News apples are good

Drum Up some more business ASAP by letting all of your database know about the amazing increase in Income Limits on the CaHFA Loan And Platinum Grant Program.

Now 1st time buyers can easily get a Home FHA in San Bernardino or Riverside County (much higher for Orange County) at about 420ish or Conventional 460ish all for about 3-4k total cash to close.  Don’t you know some people that could use this program?  I have been doing CalHFA’s for 20 years.

Click on the pic to watch the video.

Income limit change recently enacted by the Platinum Grant Program and  California Housing and Finance Authority (CalHFA) are now higher than EVER before. I feel this change is going to be so beneficial for the Middle America Wage Earners. They are largely ignored by down payment assistance, because “they make too much money to qualify!”.

The problem is it’s hard to save 20,000.00 or more for a home purchase. Specially when you are living paycheck to paycheck like the Majority of Americans specially Today with the cost of living so high.

The annual income you are allowed to make and qualify for Calhfa Down Payment Assistance are the following (Platinum Limits are close)

• Orange County 174,200.00
• Los Angeles County 128,300.00
• San Bernardino / Riverside County 128,700.00

 Some Guidelines for the program:

• DTI = 45
• 640 Fico
• 1st time buyer (not own a home for 3 years)

 Breakdown of the CalHFA Loan

• CalHfa 1st (rate set by CalHfa for FHA/Conv)
• My Home 2nd – 3.5% Silent 2nd at 2.5% simple interest
• Zip 3rd – Up to 4% Silent 3rd with 0% Interest

 Here is a quick example of a $350k Sales Price:

• Total payment 2585 FHA
• Funds to close 4515
• Total pay back when selling or refinancing a home approx 26K

Now get out there and share the news!!!!!