September 13th, 2007 11:43 PM by Lehel Szucs
If you are a first time home buyer there are still some great programs out there. I was talking to a lender friend of ours today and I was told that through CALHFA there is a 100% program with some great rates:
Interest only PLUS (35 - year fixed mortgage) Conforming loan amount with an interest rate of 6.375% (One loan at 100% LTV fixed for 35 years and the first 5 years are interest only.)
Interest only PLUS (35 - year fixed mortgage) Non-Conforming loan amount with an interest rate of 6.5% (One loan at 100% LTV fixed for 35 years and the first 5 years are interest only.)
As the dust settles in the wake of the mortgage troubles we can still find some great programs.