From the category archives:

Resources from Classes

Broadview Community Access Highlights

View Today’s Interest Rate Here

The Broadview Community Access Homebuyer Mortgage Program is an Affordable Lending program created with the specific purpose of helping valued community members buy a primary residence.

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

Police Department Employees
Fire Department Employees
National Guard
Peacekeepers (correctional facility employees)
First Responders
Public Safety
Judges
Legislators
CalPERS Members
Non CalPERS Members

California Education Employees

Teachers
Administrators
Administrative
Academic [...]

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Challenges with Financing the Purchase of Condominiums

by Scott Schang October 20, 2009 Resources from Classes

Expect the prices on condominiums to drop in the very near future.
As Fannie Mae and FHA tighten qualifying guidelines, the buyers of condos may find it near impossible to get bank financing.
It stands to reason then, that condos that are approved for Fannie Mae and FHA financing will be in high demand and very competitive.
Here [...]

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An Introduction to CalSTRS, CalPERS & CHDAP Loan Programs

by Scott Schang July 30, 2009 Loan Programs

California’s Education Professionals, Public Employees and First Time Homebuyers have many resources available to assist in the purchase of a new home in today’s real estate market.
Following are links to the tools and resources we talked about in the live, on-line webinar.
DOWNLOAD WORKBOOK & NOTES FOR CLASS HERE

CalHFA
Loan Programs
California Housing Finance Agency – CHDAP

CalHFA
Interest [...]

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An Introduction to Buying New Construction Homes

by Scott Schang July 17, 2009 Resources from Classes

Buying New Construction is an option that all home buyers should look into. The process is very different from buying “resale” homes and in most cases much easier. Educate yourself about buying new construction and add this as an option when shopping for a new home.
Below you will find a short list of New Home [...]

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A Complete Guide to Buying Foreclosures and Short Sales

by Scott Schang June 30, 2009 Resources from Classes

Buying foreclosures and short sales can be quite frustrating if you do not have a good understanding of the circumstances that surround such properties. With short sales, you typically have long wait times and a very low probability of success unless you or your team knows how to work the system.
Foreclosure properties are a totally [...]

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CalHFA – Cal30 Conventional & CHDAP Down Payment Assistance Program

by Scott Schang June 22, 2009 Resources from Classes

The California Housing Finance Agency – CalHFA, introduced two new loan programs earlier this June, 2009. CalHFA suspended it’s first time homebuyer and down payment assistance programs in September of 2007 due to volatility in the credit markets.
This class covers the qualifying guidelines for all CalHFA first time homebuyer programs. DOWNLOAD THE WORKBOOK & NOTES [...]

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A Complete Guide to Understanding Your Credit and Qualifying for a Home Loan

by Scott Schang June 17, 2009 Resources from Classes

Understanding your credit report is often the first step to buying your first home. Many credit challenges are not difficult to overcome if you understand how your credit score is determined. DOWNLOAD WORKBOOK & NOTES FOR CLASS HERE

FTC
Credit & Scoring

Many free credit resources for FTC Consumer Site

Credit Report
Truly free report

Truly free annual credit report [...]

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After the Offer – A Complete Guide to What Happens After the Offer is Accepted

by Scott Schang June 12, 2009 Resources from Classes

Understanding the home buying process is the first step to being empowered. Avoid misinformation and surprises by understanding the time lines, terms and parties involved in helping you get from home buyer to home owner. DOWNLOAD WORKBOOK & NOTES FOR CLASS HERE

HUD.gov
FHA Site

Nine Steps to buying a home – FHA / HUD home buyer guide
[...]

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The When, How & What to do Guide to Home Buying

by Scott Schang June 12, 2009 Market Updates

When is the best time to buy? – Find out what resources are available, where to find the data and what you’re looking for to determine the best time to buy and how competitive your market might be
How to educate yourself? – How to use the internet to get the most accurate information and to [...]

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A Complete Guide to the CalSTRS 80/17 Purchase Loan

by Scott Schang June 12, 2009 Loan Programs

The CalSTRS 80/17 purchase loan is available to any employee of a California public school, school district or community college. Members of CalSTRS that are not currently employed are also eligible.
Highlights of this unique program include:

3% down payment
No upfront or monthly mortgage insurance
Qualify off only 80% of purchase price
No payments on 17% second mortgage for [...]