31 First Time Home Buyer Programs in Southern California – Up to $60,000

YOU MAY BE ELIGIBLE FOR UP TO 31 PROGRAMS AND UP TO $60,000 IN DOWN PAYMENT HELP

This example is for a house of less than $467,000 in the city of South Gate California. As of today (09/06/2018) there are 31 houses that fit this search criteria. Please let us know your scenario and home address for a custom list of programs. Conditions apply, please contact us (Celso Neves Mobile: 562-704-1651) for details.

Down Payment Programs

(1 of 31)
CalHFA CalPLUS Conventional First Mortgage Loan Program with ZIP (HFA Preferred)
Manufactured homes are an eligible Conventional Mortgage property type beginning Aug. 20, 2018
Maximum Amount
1st mortgage maximum loan amount of $453,100. Maximum LTV of 97%. Combined with ZIP silent second loan for 3% to 4% of the 1st mortgage loan amount, depending on the rate option chosen. High-balance loans now available over $453,100 with max LTV of 95%.
Benefits
• No borrower contribution required.
• CalPLUS with Zip can be combined with either the CalHFA MyHome Assistance Program or the Extra Credit Teacher Program (ECTP). Also may be layered with MCCs and Conventional-approved subordinate loan programs used for closing costs and/or downpayment assistance.
• High balance loans now acceptable (Above $453,100 with max LTV of 97%)
• Rental income from an Accessory Dwelling Unit (ADU) within the home is acceptable and can be used for credit qualifying.

(2 of 31)
CalHFA CalPLUS FHA First Mortgage with ZIP
Maximum Amount
30 year FHA first mortgage combined with a deferred zero-interest (ZIP) second of 3% or 4% of the CalPlus FHA 1st Mortgage, depending on the rate option chosen.
Benefits
• Long term, low interest rate 1st mortgage.
• Deferred payment, zero interest rate, long term second mortgage.
• No borrower contribution required.
• Rental income from an Accessory Dwelling Unit (ADU) within the home is acceptable and can be used for credit qualifying.
• Any lien position
• Can be combined with CalHFA MCC, MyHome or ECTP programs.

(3 of 31)
CalHFA Energy Efficient Mortgage (Cal – EEM + GRANT) Loan Program
Maximum Amount
Up to $424,100 for the FHA EEM 1st mortgage. The maximum EEM grant will be the lesser of 4% of the 1st mortgage total loan amount or the maximum amount approved under the Home Energy Rating System (HERS) Report less the maximum FHA EEM amount.
The maximum first mortgage loan amount exceeding $424,100 may be allowed per FHA High Balance loan limits for additional fees.
Benefits
• Long-term FHA 1st mortgage plus forgivable grant.
• No borrower contribution required.
• Can be combined with either the CalHFA MyHome Assistance Program or the Extra Credit Teacher Program (ECTP).
• Can be layered with MCCs or locality programs used for down payment and closing cost assistance.
• Rebates from utility companies, state and/or local government agencies may be obtained by the borrower.
• Rental income from an Accessory Dwelling Unit (ADU) within the home is acceptable and can be used for credit qualifying.

(4 of 31)
CalHFA MyHome Assistance Program – Conventional
Manufactured homes are an eligible Conventional Mortgage property type beginning Aug. 20, 2018.
Maximum Amount
Up to 3.5% of the sales price or appraised value, whichever is less.
Benefits
• Assistance of up to 3.5% of sales price or appraisal value, whichever is less.
• Deferred, low interest rate loan.
• Can be combined with other downpayment assistance loans and grants but are not eligible for the additional CalPlus ZIP assistance or School Program.
• Can be used with an MCC.
• No loan amount limit.
• Rental income from an Accessory Dwelling Unit (ADU) within the home is acceptable and can be used for credit qualifying.

(5 of 31)
CalHFA MyHome Assistance Program – FHA
Effective June 25, 2018, CalHFA will waive its first-time homebuyer requirement for borrowers who were impacted by California natural disasters, beginning with the October 2017 wildfires.
Maximum Amount
Up to 3.5% of the sales price or appraised value, whichever is less.
Benefits
• Assistance of up to 3.5% of sales price or appraisal value, whichever is less.
• Deferred, low interest rate loan.
• Can be combined with a CalHFA Zip loan or other downpayment assistance loans and grants but not the CalPLUS ZIP or School Program.
• Can be used with an MCC.
• No loan amount limit.
• Rental income from an Accessory Dwelling Unit (ADU) within the home is acceptable and can be used for credit qualifying.

(6 of 31)
CalHFA School Teacher and Employee Assistance Program (School Program) w/CalHFA Conventional First Mortgage
Manufactured homes are an eligible Conventional Mortgage property type beginning Aug. 20, 2018
Maximum Amount
Deferred, long term, simple interest loan up to 4% of the purchase price or appraised value, which ever is less.
Benefits
• Up to 4% of sales price or appraised value for downpayment and/or closing costs.
• Deferred loan.
• Matches term of CalHFA first mortgage.
• Can be combined with any CalHFA first mortgage and layered with other FHA-approved or Fannie Mae Community Second subordinate loans or grants.

(7 of 31)
CalHFA School Teacher and Employee Assistance Program (School Program) w/CalHFA FHA First Mortgage
Effective June 25, 2018, CalHFA will waive its first-time homebuyer requirement for borrowers who were impacted by California natural disasters, beginning with the October 2017 wildfires.
Maximum Amount
Deferred, long term, simple interest loan up to 4% of the sales price or appraised value.
Benefits
Up to 4% of sales price or appraised value for downpayment and/or closing costs

(8 of 31)
Golden State Finance Authority (GSFA) Platinum Down Payment Assistance Program – FHA/VA/USDA
8/7/18 Income limit changes and GSFA added “select” feature to the program. Assistance is now also available in the form of a non-payable gift for certain occupations such as Police, firefighter, teacher.
Maximum Amount
First mortgage plus up to 4% of the First Mortgage Loan amount as a Second Mortgage for FHA and VA loans–up to 3% for USDA loans. Assistance will be in form of non-repayable Gift if borrower is in employed in certain community occupations such as police, firefighters and teachers.
Benefits
• Do not have to be a first time homebuyer to qualify.
• Designed to provide downpayment assistance in conjunction with the purchase of a primary residence in California.
• Up to 4% of the first mortgage provided as a 3-year Forgivable Second Mortgage for FHA/VA loans. Up to 3% for USDA loans.
• For certain occupations, assistance is in the form of a non-repayable gift.

(9 of 31)
Golden State Finance Authority (GSFA) Platinum Down Payment Assistance Program – Freddie Mac HFA Advantage
8/6/18 GSFA added “select” feature to the program-Assistance is now available in the form of a non-repayable gift instead of a second mortgage for certain occupations.
Maximum Amount
First mortgage plus up to 5% of the First Mortgage amount in form of a 3-Year Forgivable Second or a non-repayable gift if in a certain occupation.
Benefits
• Do not have to be a first time homebuyer to qualify.
• Designed to provide downpayment assistance in conjunction with the purchase of a primary residence in California.
• Up to 5% of the first mortgage provided as a forgivable second mortgage.
• For certain occupations, assistance is in the form of a non-repayable gift.

(10 of 31)
Chenoa Fund – Conventional 97 HomeReady Program
Use the HomeReady eligibility lookup tool to determine the borrower/loan eligibility. https://homeready-eligibility.fanniemae.com/homeready/
Maximum Amount
3% Down payment 2nd in conjunction with a 97% LTV Fannie Mae Conventional Home Ready First
Benefits
• Do not have to be a first-time homebuyer.
• No income limits in low-income census tracts, 100% of AMI for all other properties.

(11 of 31)
Chenoa Fund – Conventional Standard 97 Program
Maximum Amount
3% for downpayment and .5% for closing costs
Benefits
• No income limits.
• Up to 3.5% of sales price in assistance for down payment and closing costs.

(12 of 31)
Federal Home Loan Bank of San Francisco – Individual Development and Empowerment Account (IDEA) Program
Maximum Amount
Provides up to $15,000 for each participating household, matching up to $3 for each $1 contributed by the homebuyer(s).
Benefits
Through participating Bank members, lower-income households saving to buy their first home by participating in an IDA, FSS, or lease-to-own program can receive a 3-to-1 matching grant of up to $15,000.

(13 of 31)
Federal Home Loan Bank of San Francisco – Workforce Initiative Subsidy for Homeownership (WISH) Program
Maximum Amount
Provides up to $15,000 for each participating household, matching up to $3 for each $1 contributed by the homebuyer(s).
Benefits
• Matching grant for up to $15k in down payment and closing cost assistance.
• WISH grants can complement or supplement a variety of local, state, and federal homeownership programs and are targeted to working families and individuals who are ready to make the transition from renting to owning.

(14 of 31)
Los Angeles Neighborhood Housing Services (NHSLA) CalHome First Time Homebuyer Mortgage Assistance Program
Maximum Amount
CalHome financing is gap financing. Non-recurring closing costs may be added to the gap amount not to exceed 5% of the purchase price.
Benefits
• Deferred loan.
• Up to $60,000 for down payment and closing costs.

(15 of 31)
Southern California Home Financing Authority (SCHFA) First Home Mortgage Program – Los Angeles County – Targeted
Program limited to narrowly defined areas.
Maximum Amount
Provides 1st mortgage (Max 1st Mtg $453,100) along with a grant equal to 4% of the first mortgage amount for down payment and closing cost assistance.
Benefits
• Competitive 1st mortgage financing
• Help with downpayment and closing costs
• Grant is gifted. Does not need to be paid back
• Can be used with HOP and MCC programs

(16 of 31)
Southern California Home Financing Authority (SCHFA) First Home Mortgage Program for First Time Homebuyers – Los Angeles County
Maximum Amount
Provides 1st mortgage (Max 1st Loan $453,100) along with a grant equal to 4% of the first mortgage amount for down payment and closing cost assistance.
Benefits
• Competitive 1st mortgage financing
• Help with downpayment and closing costs
• Grant is gifted. Does not need to be paid back
• May be used with HOP and MCC programs.

(17 of 31)
The Inland Gateway Association of Realtors (TIGAR) Veterans First Time Homebuyer Program Out of Funds
Maximum Amount
$2,000 for closing costs.
Benefits
$2,000 grant for closing costs.

(18 of 31)
Montebello Housing Development Corporation (MHDC) CalHome Second Mortgage Loan Program Out of Funds
Maximum Amount
N/A
Benefits
Deferred zero-interest loan
Affordable First Mortgages
(19 of 31)
CalHFA Conventional First Mortgage Loan Program (HFA Preferred)
Manufactured homes are an eligible Conventional Mortgage property type beginning Aug. 20, 2018
Maximum Amount
Maximum loan amount of $453,100. Maximum LTV of 97%. High-balance loans now accepted with LTV not exceeding 95%.
Benefits
• 1st Mortgage can be combined with either the CalHFA MyHome or the Extra Credit Teacher Program (ECTP). Also may be layered with MCCs and Fannie Mae approved Community Seconds programs used for closing costs and/or downpayment assistance.
• High-balance loans (over $453,100) now accepted with 95% LTV.
• Do not have to be first time homebuyer.
• No homebuyer contribution required.
• Rental income from an Accessory Dwelling Unit (ADU) within the home is acceptable and can be used for credit qualifying.

(20 of 31)
CalHFA FHA First Mortgage Loan Program
Effective June 25, 2018, CalHFA will waive its first-time homebuyer requirement for borrowers who were impacted by California natural disasters, beginning with the October 2017 wildfires.
Maximum Amount
FHA first mortgage up to $294,515 for 1 unit. Up to $679,650 in high cost areas
Benefits
• Long term, low fixed interest rate, fully amortized 1st mortgage.
• May be combined with either CalHFA’s MyHome or ECTP downpayment assistance loans. Can be combined with MCC
• Any lien position
• Do not have to be first time homebuyer.
• No borrower minimum contribution required
• Rental income from an Accessory Dwelling Unit (ADU) within the home is acceptable and can be used for credit qualifying.

(21 of 31)
CalHFA VA Loan Program
Effective June 25, 2018, CalHFA will waive its first-time homebuyer requirement for borrowers who were impacted by California natural disasters, beginning with the October 2017 wildfires.
Maximum Amount
N/A
Benefits
• Can be combined with either MyHome Assistance Program (MyHome) or the Extra Credit Teacher Home Purchase Program (ECTP). MyHome and ECTP can be used for down payment and closing cost assistance and are for first-time homebuyers only.
• May also be eligible for a Mortgage Credit Certificate (MCC)
• Do not have to be a first-time homebuyer.

(22 of 31)
CalVet Home Loans – First Time Homebuyer (QMB)
Maximum Amount
N/A
Benefits
• No downpayment requirement.
• Eligible veterans do not have to be a first-time homebuyer.
• Current members of the California National Guard or US Military Reserve may qualify.
• Not a one-time benefit. If you had a CalVet loan in the past that was paid in full as agreed, you can apply again.

(23 of 31)
CalVet Home Loans – First Time Homebuyer (QMB) – Targeted
Maximum Amount
Purchase first mortgage – No DPA
Benefits
• No downpayment requirement.
• Eligible veterans do not have to be a first-time homebuyer.
• Current members of the California National Guard or US Military Reserve may qualify.
• Not a one-time benefit. If you had a CalVet loan in the past that was paid in full as agreed, you can apply again.

(24 of 31)
CalVet Home Loans – Qualified Veterans Mortgage Bond Program (QVMB)
Maximum Amount
N/A
Benefits
• No income limits.
• No sales price limit.
• Do not have to be a first-time homebuyer

(25 of 31)
Mountain West Financial (MWF) CalPATH Home Loan Program
Program limited to eligible public employees or teachers/school district employees.
Maximum Amount
Reduced lender fees and competitive interest rates for 1st mortgage financing that can be coupled with down payment assistance programs.
Benefits
• Special benefits for those public employees who serve our communities.
• Reduced processing and underwriting fees.
• FHA and Conventional loan options available.
• Can be used with down payment assistance programs.
• High balance loans available.
• One free interest rate float down within 30 days of locking rate if rates go down.
Tax Credits
(26 of 31)
CalHFA Mortgage Credit Certificate Tax Credit Program (MCC)
Effective June 25, 2018, CalHFA will waive its first-time homebuyer requirement for borrowers who were impacted by California natural disasters, beginning with the October 2017 wildfires.
Maximum Amount
Up to 20% of their annual mortgage interest paid
Benefits
• The MCC Tax Credit is a federal credit which can reduce potential federal income tax liability, creating additional net spendable income which borrowers may use toward their monthly mortgage payment.
• Can be combined with any of CalHFA’s loan programs.
• Rental income from an Accessory Dwelling Unit (ADU) within the home is acceptable and can be used for credit qualifying.

(27 of 31)
CalHFA Mortgage Credit Certificate Tax Credit Program (MCC) – Targeted
Effective June 25, 2018, CalHFA will waive its first-time homebuyer requirement for borrowers who were impacted by California natural disasters, beginning with the October 2017 wildfires.
Maximum Amount
Up to 20% of their annual mortgage interest paid.
Benefits
• The MCC Tax Credit is a federal credit which can reduce potential federal income tax liability, creating additional net spendable income which borrowers may use toward their monthly mortgage payment.
• Can be combined with any of CalHFA’s loan programs.
• Rental income from an Accessory Dwelling Unit (ADU) within the home is acceptable and can be used for credit qualifying.

(28 of 31)
Los Angeles County CDC Mortgage Credit Certificate (MCC) Out of Funds
Program available only in unincorporated areas of Los Angeles County and certain cities.
Maximum Amount
20% of mortgage interest paid can be taken as a federal income tax credit
Benefits
20% of mortgage interest paid can be taken as a federal income tax credit

(29 of 31)
Los Angeles County CDC Mortgage Credit Certificate (MCC) Targeted Areas Out of Funds
Program limited to narrowly defined geographic areas.
Maximum Amount
20% of mortgage interest paid can be taken as a federal income tax credit
Benefits
• 20% of mortgage interest paid can be taken as a federal income tax credit.
• First-time homebuyer requirement waived when buying in a targeted area.
Additional Options
(30 of 31)
Pepperdine University Financing Program (PUFP)
Program limited to Pepperdine University employees only.
Maximum Amount
The amount of the Loan is entirely in the judgment of the University, shall be related to
the expected need of the Borrower, shall not exceed the limitations established by the University Management Committee, and shall be subject to availability and approval of budgeted funds to be used for the Loan.
Benefits
• The principal purpose of the Contingent Interest Loan program is to assist in the recruitment of faculty and staff by assisting them in acquiring suitable housing in the vicinity of or on the University’s campuses and educational centers.
• The loan features two interest components: (a) Fixed Interest rate on the unpaid principal sum; and (b) Contingent Interest on the Net Appreciated Value of Residence (rate equal to the 11th District Cost of Funds Index rate then publicly announced and made available by the Federal Home Loan Bank of San Francisco as of the calendar month preceding the date of the loan.

(31 of 31)
SC Faculty & Staff Program – One-Time Subsidy
Program limited to eligible employees of the Univesity of Southern California (USC).
Maximum Amount
To be determined by program provider.
Benefits
• Down payment and closing costs assistance.
• Deferred loan with no monthly payments.

Fannie Mae: Federal Tax Installment Plan included in DTI

With tax extension deadline approaching (October 15, 2018) I would like to remind that you do not need to pay off your all your taxes due if you have a large tax liability. You can negotiate a Federal Tax Installment Plan and still qualify according to the new Debt to Income, which includes the installment. This Selling Guide Update is effective since 01/30/2018.

We welcome your scenarios. Please forward them to me through the comment section, by email or with a phone call.

Split Premium Mortgage Insurance

What is mortgage insurance?

When your downpayment is less than 20% on conventional loans the lender has less equity on the house to serve as collateral for the loan. In this case the lender will require that the borrower pay for a Mortgage Insurance (MI). MI is provided by a third-party company and will cover part of the principal (12 to 35% coverage depending on the LTV) in case of default. There are government programs that require less coverage (please see example bellow and ask for more details in the comments).

What is split premium mortgage insurance?

Mortgage insurance can be upfront or monthly or both.

FHA loans require 1.75% upfront premium and 0.85% monthly premium on 96.5% LTV loans (3.5% downpayment). Conventional loans do not require upfront mortgage insurance and the rate for the monthly mortgage insurance is 0.66% for FICO of 720-740. Split premium on conventional loans is when you pay some upfront reducing your monthly premium accordingly.

What is financed upfront mortgage insurance?

FHA loans allow you to finance the upfront mortgage insurance. So, when you buy a house you do not have to pay for it right away, as it is added to the loan.

Please see the table below for a comparison between FHA and conventional.

 

celso-neves-splitMI

 

Property Tax Break for Seniors 55 and older.

Property Tax Break for Seniors 55 and older. In California you can have a great property tax break if you OR your spouse is 55 or older. You can sell your house and buy another house, and transfer the trended base value (used to calculate the property taxes). This is specially valuable if you have lived in your property for a long time.

The assessor can not increase the assessed value by more than 2% a year. Consequently, the assessed value becomes much lower than the property value after many years, and you can transfer that to a new property. There are conditions and limits. Please talk to your Realtor for more details.

Source Los Angeles Assessor: https://assessor.lacounty.gov/wp-content/uploads/2015/02/E-20.pdf

Home-ownership shows slight improvement in California and the US in 2017.

The rate of home-ownership in Los Angeles county has been declining since the data is available: from more than 51.5% in 2009 to less than 48.5% in 2016. By the way, Los Angeles has been trailing California 53.8% and the US 63.4% for the same period. There are signs of improvement in 2017 for California 54.4% and the US 63.9%, however these levels are still comparable to the lowest levels in the last 25 years (see charts bellow).

The rental market in California is very tight also signaling pressure for rents to go up. The rate of rental vacancy in 2016 was 3.6%, the lowest level since 1984, while 2017 shows a little improvement to 4.3%.

HomeownershipHomeownership-usHomeownership-ca

vacancy rate

Fixed principal + interest payment for 30 years.

While the property taxes may increase slightly due to the reassessment of the value of your property, your principal + interest payment remains fixed for 30 years. Example: if you buy your house for $400,000 and the county reassesses your home by 3% to $412,000 your monthly payment might increase by $12,50. As a reference, if your rent is $2,000 and rents go up by 3% then your rent goes up by $60.

Assistance for Unemployed Homeowners.

While the number of reasons to own a home abound, many still feel worried to invest in home-ownership based on a fear that they may loose their jobs and consequently loose the house. For those, I have great news. FHA loans include the unemployment assistance.  If you have an FHA loan you may have your mortgage payment reduced or suspended while you seek re-employment.

  1. Home Affordable Unemployment Program (UP): If you are having a tough time making your mortgage payments because you are unemployed, you may be eligible for UP. UP provides a temporary reduction or suspension of mortgage payments for at least twelve months while you seek re-employment.
  2. Emergency Homeowners’ Loan Program (EHLP)
  3. FHA Special Forbearance: If you are having difficulty making mortgage payments because you are unemployed and have no other sources of income, you may be eligible for FHA’s Special Forbearance. FHA now requires servicers to extend the forbearance period, by offering a reduced or suspended mortgage payment for up to twelve months, for FHA borrowers who qualify for the program.

source: https://www.hud.gov/topics/avoiding_foreclosure

First Time Home Buyer Programs.

If you want to buy a house, however you don’t have enough savings, you may be able to qualify with the California down-payment assistance for CA residents. If you think your credit is not good enough, we provide free credit evaluation, and a path for your home-ownership. If you thing the mortgage payment might be too high, there is a Federal Tax Credit (MCC) that may help you lower the impact of the mortgage payment. Special lower interest rate and lower mortgage insurance for first time home buyers may help reduce your payment.

Free, no obligation personal(family) consultation.

Each person(family) has a different situation and expectation. If you want to become a home owner then I want to listen from you. Please contact Celso your Loan Consultant at (562) 704-1651 to schedule a free, no obligation personal consultation.

Sell your “in Need of TLC” listing as a Remodeled Home

The Property Brothers Jonathan and Drew have a lot of success selling remodeled homes. We have a great product that fits perfectly with those buyers that have a dream bigger than their budget.

We have the FHA Standard 203k that allows structural repair and additions with no limits, and the FHA Streamlined 203k that does not require a consultant, but is limited to $35,000 in repairs.

COE of 45-60 days is recommended, but it may be the only non-investor offer you will get.

Please call us at (562) 704-1651 with questions and to schedule a meeting at your office or ours.

 

The benefit of MCC with Higher Interest Rates

Higher Interest Rates.

Interest rates have been going up since September 2017 and this has been affecting how much buyers will qualify based on their income and credit.

The news causes some worry, however the effect on the payment is not that high. For an example of the effect on the mortgage payment, let’s assume a 95% LTV of a $500,000 house and the interest rates on a 30 years fixed loan at its lowest point in September 5th 2017 of 4%. The principal and interest would be $2,268.

With current rates at around 4.75% the new payment is $210 higher at $2,478.

The Benefit of the Mortgage Credit Certificate.

The Mortgage Credit Certificate is a tax credit of 20% of the interest rate on a mortgage loan that can be applied to the federal tax return of first time home buyers.

Below, the benefit of the MCC. The house price limits in Los Angeles County in a targeted area is $715,872 and on a non-targeted areas $585,713.

MCC - 5percent

Always reach out with questions and to schedule a meeting with us.

Cap Rate and The Gross Rent Multiplier

The Cap Rate – Capitalization Rate – is the rate that the investment returns and it is calculated by: annual net income / cost

Gross rent multiplier is the gross annual rent income divided by price.

It is almost like the inverse of the gross rent multiplier GRM, except that the gross rent multiplier is the gross rent and the cap rate is the net rental income.
If you are looking for a higher CAP Rate then look for a lower GRM.
Example:
Assuming that the gross rental income is the same as the net rental income (tenants pay for all expenses):
If an investor bought a 4-plex for $1,000,000 and each unit rental income is $1200 a month, so total income is $4,800 a month, or $57,600 a year ($4800 a month x 12)
CAP Rate : $57,600 / $1,000,000 = 5.76%
Gross Rent Multiplier GRM = 1,000,000 / $57,600 = 17.63
Some people calculate a monthly GRM (and post on MLS as GRM) : 1,000,000 / $4800 = 211
If you are looking for specific cap rate or GRM, then add GRM to your MLS search. Not every realtor add this info though, and some add the monthly in the same field.
The other way you can do is to search by ranges. Different searches with price ranges and rental income ranges.
Some areas have higher GRM. Normally, where home prices per sqft are lower, GRM tend to be lower too. Maybe there is an expectancy that the the home prices and/or rental income will go up faster on higher priced areas.

The Secret is The Law of Attraction

The Law of Attraction is described in the book and movie The Secret by many Gurus, Coaches, and Leaders. It holds the secret for abundance in our lives.

Our lives are the result of our past thoughts, and our future life will be the result of the thoughts that we are having now. We can change our thoughts and change our future into what we desire. Good thoughts generate good vibrations that reflect in good feelings. Let’s make sure we are feeling good, let’s have a plan and an accountability partner. There are no limits to what we can achieve if we just keep it vividly in our minds that we have already achieved it.

Download your free copy here.  Baje su copia en Español grátis. Watch the movie on VUDU free with ads. Also available on Streaming Netflix (by subscription) and audio book at Audible

2018 Loan Limits for Conventional, FHA, and VA.

The news was expected, but I think the increase was more than expected. The average increase is in excess of 6.8% for Conventional and 6.9% for FHA. The new limits are available now for Conventional Loans closing in 2018 and FHA loans with case number issued in 2018.

Above the loan limits shown on table bellow it is considered non-conforming, and called a Jumbo loan. We can offer 5% down-payment Jumbo loan for more expensive properties.

celsoneves-Conventional-loanlimits-2018

CelsoNeves-FHA-LoanLimits-2018

celsoneves-VA-loanlimits-2018