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Orange county

Neighborhood Housing Services of Orange County (NHSOC) – Orange County Housing Trust Down Payment Assistance Program

The 30-year amortized loans will have an interest rate approximately 1% below the market rate for first mortgages. (Current second mortgage rate is 5%.) The OCHT will work with a variety of financial institutions to provide the first mortgages and allow additional subsidies from city, county and state government or other programs that the borrower [...]

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Neighborhood Housing Services of Orange County (NHSOC) – Orange County Housing Trust Down Payment Assistance Program

by Scott Schang November 10, 2009 First Time Buyer Loans

PROGRAM SUMMARY
The Workforce Initiative Subsidy for Homeownership (WISH) Program provides grants to qualified homebuyers. The program is designed to help people living in high-cost areas to purchase homes near their work.
PROGRAM DETAILS
Income Restrictions: Family must meet Orange County income limits (80% of Countywide Median):
INCOME GUIDELINES
Family size Maximum Income
1 $44,072
2 $50,368
3 $56,664
4 $62,960
5 $67,997
6 $73,034
7 [...]

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City of Anaheim – Second Mortgage Assistance Program (SMAP)

by Scott Schang November 10, 2009 Down Payment Help

Program Summary
Anaheim offers a variety of housing options for its citizens ranging from affordable to executive. Anaheim also offers the unique opportunity to live among history by purchasing one of our historical homes.
Program Details
Eligible Buyers: First Time Home Buyers – Can not have owned a home in past 3 years or a displaced homemaker [...]

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City of Anaheim – HOME Federal Down Payment Assistance Program

by Scott Schang November 10, 2009 Down Payment Help

Program Summary
Federally funded payment assistance program
Program Details
Eligible Buyers: Assistance offered to households who do not currently own a home
Purchase Price Limits: $280,749
Down Payment Assistance: Up to $50,000
Interest Rate: 3% simple interest
Income Limits: 80% of Area Median Income

Household Size
Income

1
$39,500 or less

2
$45,200

3
$50,850

4
$56,500

5
$61,000

6
$65,550

7
$70,050

8
$74,600

Payments: No monthly payments due. Loan due when 1st mortgage is refinanced or home is [...]

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City of Orange – First Time Home Buyer Down Payment Assistance Program

by Scott Schang November 10, 2009 Down Payment Help

First Time Homebuyer Program
The First Time Homebuyer Program is currently being revised. Please call 714-288-2580 to be placed on the waiting list

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City of Orange – Mortgage Credit Certificate (MCC)

by Scott Schang November 10, 2009 First Time Buyer Loans

Mortgage Credit Certificate Program Fact Sheet

The Mortgage Credit Certificate (MCC) Program enables first-time homebuyers to receive a federal income tax credit of 15% of the annual mortgage interest paid.
MCC’s reduce federal income tax, increase take-home pay, and increase the qualifying loan amount for homebuyers.
Program assistance is available only to income-eligible persons and families who have [...]

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County of Orange Mortgage Assistance Program (MAP)

by Scott Schang November 10, 2009 Down Payment Help

Program Summary
Silent second mortgage loan program for low-income first-time homebuyers; principal and interest payments deferred for term of loan due in 30th year or upon sale or transfer of property, when property ceases to become owner-occupied, or upon repayment or refinancing of first mortgage, whichever comes first.

Program Details
Eligible Buyers:
All buyers on title must [...]

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CalHFA Reduces Interest Rates – August 8th, 2008

by Scott Schang November 10, 2009 Uncategorized

In such a volatile market as we’re in right now, on a day when conventional interest rates went up .125%, The California Housing Finance Agency in an unprecedented announcement reduced interest rates across the board.
Rate Reductions are as follows:
30 Year Fixed

Moderate Income Areas Reduced .125% to 6.75%
Low Income Areas Reduced .25% to 6.5%

35 Year interest [...]

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Down Payment Assistance for CalSTRS and CalPERS Members – Low to No Down Payment Home Purchase Loans

by Scott Schang November 10, 2009 Uncategorized

Every day seems to bring new challenges for new home buyers looking to purchase homes in the State of California. As home prices drop to seemingly jaw dropping levels California Teachers and Public Employees are making up a large percentage of first time home buyers entering this market.

If you do not belong to special organization [...]

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