Tag Archive for: down payment assistance

CA’s Dream For All (Down Payment Assistance) Program Is Here For 2024, But…

CalHFA officially announced the re-introduction of its extremely popular Dream For All Program! And … it is not quite as exciting this time around. As a quick reminder – this is probably the most generous down payment assistance program we have ever seen – and that is why the CalHFA is trying to limit it to families that truly need assistance. When the program was previously launched last year, it ran out of funds in 3 weeks.Read More

A Guide to Buying a Home in Oregon

Buying your first home is a significant milestone, and Oregon is a fantastic place to achieve this dream. As a first-time home buyer in Oregon, it's essential to understand the local real estate market, mortgage rates, and available assistance programs.Read More

CalHFA Dream For ALL Or A Select Few? (Probably a Good Thing); NAR Lawsuit Again

When CalHFA rolled out their newest (and probably most popular) down payment assistance program, the Dream For All Program, its entire $300 million allotment was gone in just 11 days. Many of us hoped that the program would return this fall, but CalHFA saw what happened during round one, and they are well aware of the potential feeding frenzy that would likely take place if the rules were not changed – so they are very astutely changing the rules. These rules are not finalized and are subject to change, but it does appear that CalHFA is trying to make sure the program is only used to benefit people who truly need assistance.Read More

How To Use Gift Funds with Fannie Mae Loans

In this blog post, we will demystify the concept of gift funds, explain how they work, and guide you through their utilization with FNMA (Fannie Mae) loans. By the end of this article, you’ll better understand how to navigate using gift funds toward your purchase.Read More

GSFA Platinum Program: Down Payment Assistance Made Easy

The GSFA Platinum Program is a down payment assistance program designed to help homebuyers overcome the financial barrier of a down payment. It is offered by the Golden State Finance Authority (GSFA), a nonprofit organization dedicated to providing affordable housing opportunities for residents of California. The program provides eligible homebuyers with a gift of up to 5% of the loan amount to be used for their down payment and closing costs.Read More

Buying a House with No Down Payment: Your Guide to Mortgage Financing

Discover how to buy a house with no down payment using mortgage financing options that aren't just for first time homebuyers.Read More

Unlock Your Path to Homeownership with Down Payment Assistance Programs

Discover the ins and outs of down payment assistance programs and how they can help you achieve your dream of homeownership.Read More

TSAHC Programs: A Pathway to Homeownership in Texas

TSAHC's Homes for Texas Heroes and Homes Sweet Texas Home Loan Programs provide down payment assistance and home loans to homebuyers in Texas.Read More

First-Time Homebuyers Class: An Essential Guide for Homeownership

Purchasing a home can be overwhelming, especially if you're a first-time homebuyer, which is why there are first-time homebuyers classes.Read More

Down Payment Help In Exchange for Appreciation or Equity

51 Offers on One Property! (Housing Market Must Be Crashing) One of our pre-approved buyers was one of 51 offers yesterday. When CNBC’s Diana Olick (the loudest housing doomsday voice […]Read More

First-Time Homebuyers = Expansive Term; Maximum Age For Mortgage; Competitors Come to Us

Competitors Come To Us For A Mortgage We frequently have individuals from competing mortgage lenders come to us for mortgage financing because (1) we have more loan programs than they […]Read More

California Giving Away Down Payment Funds For Free!

We have received a ton of questions recently regarding the California Housing Finance Agency's (CalHFA) new program that offers a 10%, forgivable, interest-free loan to first-time homebuyers. So, we want to clarify the program's guidelines and touch on some serious tradeoffs buyers should consider.Read More

Programs and Loans For A First Time Homebuyer

As a first time homebuyer, you have many loan programs and grants to choose from that help you afford your first real estate purchase.Read More

5 Problems With Housing Grants And Down Payment Assistance Programs

Years ago, my wife Heejin and I drove to San Francisco for dim sum and a housing grant certification program. The dim sum was awesome, as it always is in […]Read More