Purchase Loan Program Available for our Community Heroes: Police, Firefighters, Teachers & EMTs

by Irene Moustakas | Dec 5, 2011 | Featured, Industry News, Loan Programs and Products

There is a special program currently available to police, firefighters, teachers and emergency medical technicians.  The program, called Good Neighbor Next Door (GNND), offers a 50% discount on the list price of a home for HUD-owned properties.  In return, the...

Homepath 3.5% Closing Cost Assistance Expiring Soon

by Irene Moustakas | Oct 3, 2011 | 1st Time Homebuyers, Featured, Loan Programs and Products

The 3.5% credit towards closing costs (and buying down an interest rate, if applicable) is expiring soon!  For any Homepath real estate purchase, you can still qualify for the 3.5% credit.  So if your purchase price is $400,000, you will receive a credit from Fannie...

Fannie Mae Offers 3.5% Closing Cost Assistance

by Irene Moustakas | Apr 12, 2011 | 1st Time Homebuyers, Featured, Loan Programs and Products

This 3.5% assistance applies to Homepath properties, but it is available only during a small window of time.  Homepath is an excellent financing program available for Fannie Mae-owned homes.  Check out the features of Homepath in my previous blog, but as a quick...

Jumbo Loan Rates, 3/7/11

by Irene Moustakas | Mar 7, 2011 | Featured, Loan Programs and Products, Rates

A Jumbo loan is any loan amount that exceeds the high-balance loan limit set per county. High-balance loan limits for your city in California can be found here: California City High-Balance Loan Limits with a current absolute maximum of $729,750.00. If you exceed this...

Excellent Financing Program for Fannie-Mae Owned Homes

by Irene Moustakas | Aug 5, 2010 | 1st Time Homebuyers, Industry News, Loan Programs and Products

For those of you in the market to purchase a home, you should definitely check out www.homepath.com This program is for the purchase of Fannie Mae-owned homes.  Some of the program’s main highlights are: Low down payment (as little as 5% down on conforming loans or...

Changes to Guidelines on Adjustable Rate Mortgages (ARMs)

by Irene Moustakas | Jun 22, 2010 | Industry News, Loan Programs and Products

Adjustable Rate Mortgages (ARMs) have been extremely competitive in rate; often, a 5/1 ARM is a good 1.0%-1.25% below the 30 Year Fixed Rate mortgage. There are advantages and disadvantages to every loan, and as long as you fully understand the loan program you’re...