Monday, January 17, 2011
The National Homebuyers Fund has just released grant funds (up to 3% of the purchase price) to be used for down payments. This isn't a loan and does not have to be repaid. With interest rates and property values at record lows, combined with a program like this, it makes the timing pretty sweet if you're thinking about buying a home right now.
With that in mind, Guild Mortgage and Ventura Property Shoppe will be hosting a Home Buyers Workshop. Information on this new program will be provided as well as the "ins and outs" of making an offer on a short pay or foreclosure (bank owned) home.
Since buying or selling a home is no doubt one of the most important investments one can make, it makes sense to have as much information as possible. James & Lisa Sherman attended a previous workshop and said "The real estate class that Lynn, Karen, and Linda taught was exceptionally helpful in getting my wife and I ready to buy a home. Their expertise and experience, in addition to their gregariousness, eased us into making the decision to finally buy our first home. Every step in the process was made clear and understandable with their guidance. I recommend their services to anyone looking for a home in Ventura County."
This is a free service to the community. The workshops will be held on the first Tuesday of the next three months at 711 Daily Drive, Suite 105, Camarillo, CA 93030.
February 1st, 6:30 PM
March 1st 6:30 PM
April 5th 6:30 PM
To reserve a seat contact Lynn Kenton @ 805-901-5444 or Linda Hall @ 805-208-8951
Thursday, January 6, 2011
This morning I heard about a new grant program through National Homebuyer’s Fund, Inc. designed to assist homebuyers in California. I’ve confirmed it with my trusted lender contacts. It could translate into around $12,000 give or take...
Here are the “nuts & bolts”:
*It’s used with a 30 year fixed rate loan.
*Can be used with conventional, FHA or VA loans.
*Can be up to 3% of the purchase price.
*The proceeds can be used for down payment &/or closing costs.
*There can be no cash back to the borrower from the Grant Fund proceeds.
*It must be for a primary residence.
*Maximum income for borrower in Ventura County is $104,040 per year.
*You do not need to be a first time home buyer.
*Minimum credit score of 620.
This is a great program- tell anyone you know about it. It’s a limited fund and will no doubt run dry in the next few months. This is a real deal and an opportunity to take advantage of. Contact me for more details!