First Time Home Buyer’s Radio

Great conversation with Molly Ellis ( Trainer for CalHFA)Today's conversation is all about their Conventional loan program with Down payment and Closing Cost Asst..

Great conversation with Molly Ellis ( Trainer for CalHFA)Today's conversation is all about their USDA loan program with Down payment and Closing Cost Asst..

Great conversation with Molly Ellis ( Trainer for CalHFA)Today's conversation is all about their VA loan program with Down payment and Closing Cost Asst..

Great conversation with Molly Ellis ( Trainer for CalHFA)Today's conversation is all about their FHA loan program with Down payment and Closing Cost Asst..

Great conversation with Meagan Harris ( Trainer for GSFA)Today's conversation is all about their Open Door Conventional loan program with Down payment and Closing Cost Asst..

Great conversation with Meagan Harris ( Trainer for GSFA)Today's conversation is all about their Open Door Gov't loan programs with Down payment and Closing Cost Asst..

Great conversation with Meagan Harris ( Trainer for Golden State Finance Authority) We chatted about their Conventional Home Loan program utilizing their Downpayment and Closing Cost asst

Great conversation with Meagan Harris ( Trainer for Golden State Finance Authority) -Today's chat was on all their Government home loan programs utilizing their Downpayment and Closing Cost assistance.Listen in...

Great conversation with Alex Erlich (My Credit Guy) - State of Credit

Great Conversation with Meagan Harris (GSFA Trainer) Listen in

Great conversation with Meagan Harris (Trainer with GSFA).Topics:Their Open Doors (FHA,VA & USDA) Down Payment Asst (DPA) loanWho QualifiesCredit Score needed to qualify for their DPADTI ( Dept to Income) RatiosHow their asst breaksdown (Gift and Loan)and a lot more about their program

Great conversation with Meagan Harris (Trainer with GSFA).Topics:Their Open Doors Conventional Down Payment Asst (DPA) loanWho QualifiesCredit Score needed to qualify for their DPADTI ( Dept to Income) RatiosHow their asst breaksdown (Gift and Loan)and a lot more about their program

Great conversation with Meagan Harris (Trainer with GSFA).Topics:Their Platinum Gov't Loans (FHA,VA,USDA) Down Payment Asst (DPA) loanWho QualifiesCredit Score needed to qualify for their DPADTI ( Dept to Income) RatiosHow their asst breaksdown (Gift and Loan)and a lot more about their program

Great conversation with Meagan Harris (Trainer with GSFA).Topics:Their Platinum Conventional Down Payment Asst (DPA) loanWho QualifiesCredit Score needed to qualify for their DPADTI ( Dept to Income) RatiosHow their asst breaksdown (Gift and Loan)and a lot more about their program

Great Conversation with Molly Ellis (Trainer for CalHFA)We spoke all about their VA and USDA downpayment and Closing Cost Asst programs

Great conversation with Molly Ellis ( Trainer for CalHFA)We spoke all about their FHA home loan programs - Downpayment and Closing Cost Asst)

Great Conversation with Molly Ellis ( Trainer for CalHFA)We spoke all about their Convention Home Loan programs and their Downpayment and closing cost assistance

Meagan Harris (Trainer for GSFA) updates us on their programs

Molly Ellis (Trainer for CalHFA) updates us on all their Down Payment Asst programs

On this episode: Interviewing Tracie Panish (Partner's Credit) Topics:Fico 10 & 10TFreezing and Unfreezing your Credit Trigger Leads and www.optoutprescreen.com to avoid becoming a victim

Conversation with Carolyn Sunseri (GSFA) all about their Home Loan Programs

Conversation with Molly Ellis (CalHFA ) all about their Home Buyer's assistance programs

Conversation with Molly Ellis (CalHFA) all about their USDA Home Loan program

Conversation with Molly Ellis (CalHFA) all about their VA Home Loan Program

Conversation with Molly Ellis (CalHFA) all about their FHA programs

Conversation with Molly Ellis (CalHFA) all about their Conventional Home Loan Programs

Conversation with Traci Panish ( Partners Credit)Busting Credit Myths

The MyHome Assistance Program (MyHome) is a deferred payment, simple interest ratesubordinate loan that may only be used with a CalHFA first mortgage. Your low to moderateincome first-time homebuyer can use this loan for down payment and/or closing cost assistance. The MyHome loan provides up to 3.50% of the sales price or appraised value of theproperty, whichever is less, and must be recorded in second lien position.CalHFA allows qualified homebuyers to layer other down payment assistance loans or grantsto maximize affordability (with the exception of the School Program).

Golden State Finance Authority (GSFA) FHA: 203(b), 203(b)(2), 203(h), and 234(c); in accordance with FHAguidelines.o Cooperative housing (co-op) is not eligible.o For Energy Efficient Mortgage (EEM) loans, reference section forPlatinum “Select” eligibility.DPA is available from GSFA for Purchase transactions as outlined below:DPA Amount:• FHA: Up to 4.00% of the Total First Mortgage Loan amountMinimum Credit Score: 640.Maximum DTI: 45%.Home buyer Education:• Please refer to loan agency for specific requirements.

Golden State Finance Authority (GSFA) - USDA Home Loan program with a GrantDPA is available from GSFA for Purchase transactions as outlined below:DPA Amount:• USDA: Up to 4.00% of the First Mortgage Loan amount.Grant forgive after closeOccupancy:• Borrower must occupy the residence as their primary residence.• For non-occupant co-borrowers, refer to loan agency guidelines.Eligible Properties:• Single Family (1 -4 Unit) properties ONLY, as allowed per Agency guidelines.• Manufactured housing allowed with a minimum of 680 FICO (no manualunderwriting)Income Limits (based on county of property):• For FHA and VA loans, follow GSFA Income Limits published online athttp://www.gsfahome.org/programs/dpa/....• For USDA loans, follow the stricter of either GSFA Income Limits publishedonline at http://www.gsfahome.org/programs/dpa/...

Golden State Finance Authority (GSFA) - VADPA ( Down Payment Asst) is available from GSFA for Purchase transactions as outlined below:DPA Amount:• VA: Up to 4.00% of the First Mortgage Loan amount.Categories eligible for instant Grant (no waiting period after close)FHA or VA Mortgages where borrower has one of the following occupations inCalifornia:o Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers andothers serving in a Law Enforcement capacity;o Firefighters, CalFire, paramedic, and Emergency Medical Technicians(EMTs), including administrative staff that supports firefighters; oro Current members of the California State Teachers Retirement System(CalSTRS) or University of California Retirement Plan (UCRP),employees of a California accredited Private, Charter or Public SchoolDistrict or California State University, Junior College or Private College,including school administration and staff.Occupancy:• Borrower must occupy the residence as their primary residence.• For non-occupant co-borrowers, refer to loan agency guidelines.Eligible Properties:• Single Family (1 -4 Unit) properties ONLY, as allowed per Agency guidelines.• Manufactured housing allowed with a minimum of 680 FICO (no manualunderwriting)Income Limits (based on county of property):• For FHA and VA loans, follow GSFA Income Limits published online athttp://www.gsfahome.org/programs/dpa/....• For USDA loans, follow the stricter of either GSFA Income Limits publishedonline at http://www.gsfahome.org/programs/dpa/...

Golden State Finance Authority (GSFA)DPA ( Down Payment Asst) is available from GSFA for Purchase transactions as outlined below:DPA Amount:• VA: Up to 4.00% of the First Mortgage Loan amount.Categories eligible for instant Grant (no waiting period after close)FHA or VA Mortgages where borrower has one of the following occupations inCalifornia:o Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers andothers serving in a Law Enforcement capacity;o Firefighters, CalFire, paramedic, and Emergency Medical Technicians(EMTs), including administrative staff that supports firefighters; oro Current members of the California State Teachers Retirement System(CalSTRS) or University of California Retirement Plan (UCRP),employees of a California accredited Private, Charter or Public SchoolDistrict or California State University, Junior College or Private College,including school administration and staff.Occupancy:• Borrower must occupy the residence as their primary residence.• For non-occupant co-borrowers, refer to loan agency guidelines.Eligible Properties:• Single Family (1 -4 Unit) properties ONLY, as allowed per Agency guidelines.• Manufactured housing allowed with a minimum of 680 FICO (no manualunderwriting)Income Limits (based on county of property):• For FHA and VA loans, follow GSFA Income Limits published online athttp://www.gsfahome.org/programs/dpa/....• For USDA loans, follow the stricter of either GSFA Income Limits publishedonline at http://www.gsfahome.org/programs/dpa/... or loan agencyguidelines.Minimum Credit Score: 640.Maximum DTI: 45%.Homebuyer Education:• Please refer to loan agency for specific requirements

The CalHFA Energy Efficient Mortgage (Cal-EEM + Grant) loan program combines an FHAinsured first mortgage (Cal-EEM) loan with an additional grant (EEM Grant), allowing energyefficient improvements over and above the FHA maximum allowable EEM loan amount.The EEM Grant is only available with the Cal-EEM first mortgage. The EEM Grant is forup to 4% of the first mortgage total loan amount, including Up Front Mortgage InsurancePremium (UFMIP). The EEM Grant can be used towards the HERS Report neutrality ratingand may allow more borrowers to use the FHA EEM program without additional funds out oftheir pocket.The Cal-EEM + Grant can be combined with the MyHome Assistance Program (MyHome) orSchool Teacher and Employee Assistance Program (School Program).

Interviewing Kyle Vaughn with Genworth Mortgage Insurance (Exclusive PMI provider for CalHFA home loans)This episode we are discussing the 7 ways to structure PMI (Private Mortgage Insurance) on your CalHFA Conventional Home loan.Let me know what you think and if you have someone special i should interview..Thanks

Interviewing Molly Ellis (Lender Training Specialist with CalHFA)In this episode we are discussing CalHFA Conventional Loan program. - This program is for First Time Home Buyers or Non First Time Home Buyers The CalHFA Conventional program is a Fannie Mae HFA Preferred™ fully amortized thirty (30) year fixed interest rate first mortgage. This loan is combined with either the MyHome Assistance Program (MyHome) or the School Teacher and Employee Assistance Program (School Program). CalHFA defn: First Time Home Buyer - is a borrower who has not had an ownership interest in any principal residence during the previous three years.

Interview with Molly Ellis (Lender Training Specialist for CalHFA ) :In this episode we discuss CalHFA FHA CalPlus/ZIP loan financing - for First Time Home Buyers. - The CalPLUS FHA loan program is a fully amortized thirty 30-year fixed interest rate FHA-insured first mortgage. This loan is combined with the CalHFA Zero Interest Program (ZIP) for closing cost and/or prepaid items only. The FHA ZIP second loan is only available with CalPLUS and is a silent second loan for either 3.00% or 4.00% of the CalHFA FHA total first mortgage loan amount, including Up Front Mortgage Insurance Premium (UFMIP). The interest rate is zero percent (0.00%) and the payment(s) are deferred for the life of the first mortgage or until the property is transferred or the first mortgage loan is refinanced. * First Time Home Buyer (definition by CalHFA)- first-time homebuyer is a borrower who has not had an ownership interest in any principal residence during the previous three years.

Interviewing Molly Ellis (Lender Training Specialists with CalHFA) In this episode we are discussing CalHFA FHA program. - For First Time Home Buyers and Non First Time Home BuyersThe CalHFA FHA program is an FHA-insured loan featuring a CalHFA fixed interest rate first mortgage. This loan is fully amortized for a thirty (30) year term and can be combined with either the MyHome Assistance Program (MyHome) or School Teacher and Employee Assistance Program (School Program). CalHFA defn: First Time Home Buyer: - is a borrower who has not had an ownership interest in any principal residence during the previous three years.

Interviewing Molly Ellis (Lender Training Specialist with CalHFA)In this episode we are discussing CalHFA Conventional CalPlus / ZIP program : - this program is for First Time Home Buyers The CalPLUS Conventional program is a Fannie Mae HFA Preferred™ fully amortized thirty (30) year fixed interest rate first mortgage. This loan is combined with the CalHFA Conventional Zero Interest Program (ZIP) for closing cost and/or prepaid items only. The Conventional ZIP second loan is only available with CalPLUS and is a silent second loan for either 3.00% or 4.00% of the first mortgage loan amount. The interest rate is zero percent (0.00%) and the payment(s) are deferred for the life of the first mortgage or until the property is transferred or the first mortgage loan is refinanced. CalHFA Defn: First Time Home Buyer: - is a borrower who has not had an ownership interest in any principal residence during the previous three years.

Interviewing Molly Ellis (Lender Training Specialist with CalHFA)In this episode we are discussing CalHFA Schools Program: Down Payment Assistance - for First Time Home Buyers The School Teacher and Employee Assistance Program (School Program) is a deferred payment, simple interest rate subordinate loan that is combined with a CalHFA first mortgage. Your low to moderate income first-time homebuyer can use this loan for downpayment and/or closing cost assistance. The School Program loan provides up to 4.0% of the sales price or appraised value of the property, whichever is less, and must be recorded in second lien position. CalHFA allows qualified homebuyers to layer other FHA-approved or Fannie Mae Community Second subordinate loans or grants to maximize affordability (with the exception of MyHome )CalHFA Defn: First Time Home Buyer: - is a borrower who has not had an ownership interest in any principal residence during the previous three years.