Our Real Estate Blog

First time home buyer programs

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.

Posted in:General
Posted by Lehel Szucs on September 13th, 2007 11:43 PM

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