From the category archives:

Loan Programs

Webinar: 2010 Updated Guide to the CalSTRS 80/17 Home Purchase Loan

Guidelines have Changed for 2010

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Slide Show: A Complete Guide to the CalSTRS 80/17 Home Purchase Loan

by Scott Schang February 25, 2010 Loan Programs

Updated 2010 Guide to the CalSTRS 80/17 Home Purchase Loan
This is an incredible loan program available to any employee of a California Public School, School District or Community College.
This loan program offered by the California State Teacher’s Retirement System allows for 3% down payment with NO upfront and NO monthly mortgage insurance!
There’s nothing out there [...]

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Webinar: Broadview Community Access Affordable Home Loan Program

by Scott Schang February 25, 2010 Broadview Community Access

A Special Loan Program for California’s Finest
This Affordable Lending program was created with the specific purpose of helping valued community members buy a primary residence. See below for a list of professionals that are eligible for this exciting new program….

Who is Eligible?
California Public Employees – (Does not require CalPERS membership)

Police Department Employees
Fire Department Employees
National [...]

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“I Qualify for a Home Loan? REALLY?” – Home Buying Success Story

by Karrie Lemansky February 20, 2010 Credit & Qualifying

I had to…I just had to do it….I have to share on subject of qualifying for a home oan. So here we go!!!
I think that one of the biggest misconceptions that a lot of my clients have in the beginning of the home buying process is that they didn’t think that they can ‘qualify’. For [...]

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Brenda Borrower Gets Buffed By Big Bank

by Christopher "Doc" Apodaca February 5, 2010 Buyers Beware!

Let me preface this post with there is absolutely no talk about loan programs, interest rates, or market trends. This is a flat out rant about something that is all too common in my daily work life and I’m getting sick and tired of it…Big Bank Business. Here’s what happened…
Brenda Borrower called me asking what [...]

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SOUTHERN CALIFORNIA HOME FINANCING AUTHORITY Single-Family Mortgage Revenue Bond Program For First-Time Homebuyers

by Scott Schang February 2, 2010 Down Payment Help

Broadview Mortagage Katella is pleased to announce that we are participating in a NEW first time homebuyer program available in Orange and Los Angeles Counties beginning February 2nd, 2010
ABOUT SCHFA
Southern California Home Financing Authority (SCHFA) is a joint powers authority between Los Angeles and Orange Counties formed in June 1988 to issue tax-exempt mortgage revenue [...]

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FHA Makes Move to Reduce Exposure to Risk: In English – It’s going to cost you more to get an FHA loan!

by Scott Schang February 2, 2010 Buyers Beware!

BREAKING NEWS: Upfront Mortgage Insurance Increase beginning April 5th, 2010
The increased up front mortgage insurance premium will appear on all FHA mortgages that receive a case number after April 5th, 2010.

PRESS RELEASE: January 20th, 2010 – Deciphered into (highly biased and subjective) English by me on January 21st, 2010.
I basically cut out a lot [...]

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Refinances still possible up to 97% Loan to Value

by Scott Schang January 27, 2010 Market Updates

I know this is off topic from what I usually talk about but I get many questions about refinancing that I would like to answer.
With the drastic decline in property values in the State of California, fewer loan options, and tighter qualifying guidelines refinancing your home has become increasingly more difficult.
There are still refinancing options [...]

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Second Opinion Success Story!

by Scott Schang December 22, 2009 Saved Another Loan!

I love to share success stories!
Here is a great success story from a home buyer that called me a few weekends ago looking for a “second opinion”.
Thanks a million for sharing this Liam!
After running into questions regarding a CalSTRS loan with another lender, I gave Scott a call after watching one of his recorded webinars. [...]

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New Good Faith Estimate – Definitely a Step in the Right Direction

by Scott Schang December 21, 2009 Buyers Beware!

I tend to be a bit cynical when it comes to expecting the bad apples to be good apples just because new rules require them to, but in this case, I think the new Good Faith Estimate is a step in the right direction.
In January, I will have a live class explaining the details of [...]