How to Purchase a Home with a FHA Loanwith almost Zero Down
For a limited time, up to 99.5 % financing is being offered to increase home ownership opportunities to individuals and families in California. You can purchase a home with a FHA Loan for as little as .5% down payment. Yes! That’s right! As little as a 1/2% down payment.
Call Jeff Sloan at (909) 475-7069 to learn more about the details of this program.
CHF has negotiated with FHA to allow a second mortgage to cover 3% of the 3.5% required
down payment by using the CHF Access down payment assistance loan.
Eligibility Guidelines:
- Not Limited to just first time home buyers.
- 3% 2nd loan can be used for down payment or to pay closing costs.
- No minimum FICO score required.
- No Sales price limits.
- No minimum borrower contribution.
- No pre-pay penalties.
- Gift funds are allowed from family members.
- Seller contributions allowed, up to 6%.
- Income limits are 120% of HUD AMI.
- 2nd loan (CHF Access) is 15 year fixed @ 8.5%.
- No recapture tax / penalty if home is sold later on.
Call Jeff Sloan at (909) 475-7069 to learn how you can qualify for this program.
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