2014 guide to california buyer assistance loans & grants

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2014 Guide to California Buyer Assistance Loans & Grants Thank you for your patience Your Class Will Begin Shortly Educating and Empowering since 1988 www.FindMyWayHome.com Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected] Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 © Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

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Updated February 2014, we discuss widely available and perpetually funded California Homebuyer Assistance Loans and Grants. Assistance programs covered include CalHFA FHA, CalPLUS + ZIP, CHDAP, ECTP, CHF Platinum Grant, SCHFA Homebuyer Grant, Broadview Community Access Complete Post & Guidelines Here: www.BMCLB.com/dpa-workbook/

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Page 1: 2014 Guide to California Buyer Assistance Loans & Grants

!

2014 Guide to California Buyer Assistance Loans & Grants

!!

Thank you for your patience

Your Class Will Begin Shortly

Educating and Empowering since 1988

www.FindMyWayHome.com

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 2: 2014 Guide to California Buyer Assistance Loans & Grants

Live Questions & Answers

Educating and Empowering since 1988

www.FindMyWayHome.com

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 3: 2014 Guide to California Buyer Assistance Loans & Grants

Buyer Assistance Programs

2014 California Buyer Assistance

★ California Housing Finance Agency

★ FHA,CalPLUS w/ ZIP, ECTP, CHDAP

★ 3 CHF Platinum Grants - Updated 2/2014

★ SCHFA OC & LA Homebuyer Grant

★ BCA Community Access + CHDAP

★ Questions & Answers

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 4: 2014 Guide to California Buyer Assistance Loans & Grants

What They Have in Common

★ Minimum 640 FICO

★ Maximum $417,000 Loan Amount

★ Income Limits Apply

★ Purchase Price Limits Apply

★ 43% to 45% Debt to Income Ratio

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

2014 California Buyer Assistance

Page 5: 2014 Guide to California Buyer Assistance Loans & Grants

California Housing Finance Agency

Educating and Empowering since 1988

www.FindMyWayHome.com

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 6: 2014 Guide to California Buyer Assistance Loans & Grants

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Buyer Assistance Loans

CalPLUS ZIP - CalHFA FHA - ECTP - CHDAP

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 7: 2014 Guide to California Buyer Assistance Loans & Grants

Educating and Empowering since 1988

★ No Principle Residence for 3 Years

★ Can Own Other Properties (Tax Returns)

★ Qualified Veterans Exempt

★ Federally Designated Target Area Exempt

★ Boomerang Buyers OK after 3 Years

First Time Homebuyer Requirement

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 8: 2014 Guide to California Buyer Assistance Loans & Grants

★ Must Be Owner Occupied within 60 Days ★ Must Not Exceed CalHFA Income Limits ★ Maximum 43% Debt to Income ★ Minimum 640 FICO ★ 8 Hours Homebuyer Education Class ★ Non-Occupant Co-Signers Allowed

Borrower Requirements

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 9: 2014 Guide to California Buyer Assistance Loans & Grants

★ Must NOT Occupy the Property

★ Must Not be on Title or Have Interest in Home

★ Will have Income, Assets, Liabilities & Credit

History Considered by Underwriters

Non-Occupant Co-Signer Rules

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 10: 2014 Guide to California Buyer Assistance Loans & Grants

★ Sales Price Limits by County

★ Single Family, One-Unit Residence Only

★ Condominiums Must Be FHA Approved

★ Lot Size Cannot Exceed 5 Acres

★ Must Carry 2 Year Home Warranty

Property Requirements

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 11: 2014 Guide to California Buyer Assistance Loans & Grants

★ CalHFA FHA & CalPLUS

★ Both are FHA Insured Mortgages

★ Same Income Limits all Programs

★ Sales Price Limits by County

★ Rates & Fees set by CalHFA

CalHFA First Mortgage Loans

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 12: 2014 Guide to California Buyer Assistance Loans & Grants

★ CalPLUS Interest Rate is Higher

★ Zero Interest Program (ZIP) CalPLUS Only

★ Silent Second, Deferred for Life of Loan

★ 3.5% of Total Loan Amount inc. UFMIP

★ Automatic Approval with CalPLUS

CalPLUS with ZIP

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 13: 2014 Guide to California Buyer Assistance Loans & Grants

★ 3% of Purchase Price

★ Can be used with Non-CalHFA First Mtg

★ Silent Second, Deferred for Life of Loan

★ Income & Sales Price Limits - Most Strict

★ Can be Used in Any Lien Position

CalHFA CHDAP

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 14: 2014 Guide to California Buyer Assistance Loans & Grants

“The Extra Credit Teacher Home Purchase Program (ECTP) is a deferred payment, simple interest rate subordinate loan.” - CalHFA

Extra Credit Teacher Program

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Academic Performance Index (API) 1-5

Page 15: 2014 Guide to California Buyer Assistance Loans & Grants

★ Fixed Rate* - Deferred Payments

★ Greater of $7,500 or 3% Sales Price

★ Greater of $15,000 or 3% - High Cost Area

★ 0% Interest after 3 Years*

★ Must Use CalHFA First Mortgage

Extra Credit Teacher Program

California Housing Finance Agency

CalHFA First Time Homebuyer Loans

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 16: 2014 Guide to California Buyer Assistance Loans & Grants

CalHFA.ca.gov

California Housing Finance Agency

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Rate Screenshot on February 18th, 2014

Page 17: 2014 Guide to California Buyer Assistance Loans & Grants

CHF Platinum Grant

Educating and Empowering since 1988

www.FindMyWayHome.com

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 18: 2014 Guide to California Buyer Assistance Loans & Grants

★ Must Use Program First Mortgage ★ 30 Year Fixed FHA, VA, USDA ★ Less of $417,000 or FHA Loan Limit ★ Duplexes Ok ★ Qualify for 1st is Grant Eligible

Program Highlights

CHF Platinum Grant

Qualifying Overview

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 19: 2014 Guide to California Buyer Assistance Loans & Grants

★ Equal to 3% or 5% of 1st Loan ★ Interest Rate Increases at 5% Grant ★ Can be Used for Closing or Down ★ No Cash Back Allowed ★ Lender Requests Grant at Closing ★ Can use with CHDAP - Income Limits

CHF Platinum Grant

CHF Grant Facts

California Homebuyer Grant

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 20: 2014 Guide to California Buyer Assistance Loans & Grants

★ Must be Primary Residence

★ Income Limit 115% AMI / County

★ 640 Minimum Credit Score

★ Maximum DTI 45%

★ Meet all FHA, VA, USDA Guidelines

CHF Platinum Grant

California Homebuyer Grant

Borrower Requirements

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 21: 2014 Guide to California Buyer Assistance Loans & Grants

★ Equal to 4% of 1st Loan

★ Can be Used for Closing or Down

★ 140% Area Median Income Limit

★ Discount Mortgage Insurance

★ Can use with CHDAP

CHF Conventional Grant

Conventional Grant Facts

California Homebuyer Grant

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 22: 2014 Guide to California Buyer Assistance Loans & Grants

SCHFA Homebuyer Grant

Educating and Empowering since 1988

www.FindMyWayHome.com

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 23: 2014 Guide to California Buyer Assistance Loans & Grants

SCHFA Homebuyer Grant

SCHFA Grant Facts

California Homebuyer Grant

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

★ Equal to 4% of 1st Loan

★ First Time Buyer = No Primary 3 Yrs

★ Max First Mortgage = $417,000

★ LA – 1-2 = $99,360 / 3+ = $111,515

★ OC – 1-2 = $109,800 / 3+ = $128,100

Page 24: 2014 Guide to California Buyer Assistance Loans & Grants

SCHFA Homebuyer Grant

SCHFA Grant Facts

California Homebuyer Grant

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

★ Use for Down Payment or Closing Costs

★ Lender Orders Grant at Closing

★ Use with CHDAP - CalHFA Limits Apply

Page 25: 2014 Guide to California Buyer Assistance Loans & Grants

★ Must be Primary Residence

★ 640 Minimum Credit Score

★ Maximum DTI 45%

★ Meet all FHA, VA, USDA Guidelines

SCHFA Homebuyer Grant

California Homebuyer Grant

Borrower Requirements

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 26: 2014 Guide to California Buyer Assistance Loans & Grants

Broadview Community Access

Educating and Empowering since 1988

www.FindMyWayHome.com

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 27: 2014 Guide to California Buyer Assistance Loans & Grants

★ FHA Alternative ★ 5% Down Payment ★ Can use w\ CHDAP ★ Reduced PMI Rate ★ Reduced Closing Costs ★ Refinance Ok ★ 30 Year Fixed Only

Broadview Community Access

BCA Program Highlights

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Discount Mortgage Insurance

Page 28: 2014 Guide to California Buyer Assistance Loans & Grants

★ Must be Primary Home ★ Not First Time Buyer Loan ★ Duplexes Allowed ★ 620 to 85.01 - 90% LTV

★ 660 to 90.01 - 95% LTV

★ 680 to 95.01 - 97% LTV

Broadview Community Access

Homebuyer Qualifying

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Discount Mortgage Insurance

Page 29: 2014 Guide to California Buyer Assistance Loans & Grants

★ $417,000 Maximum Loan Amount ★ 140% Area Median Income ★ LA & Orange County $93,520 ★ Riverside / San Bernardino $87,640 ★ San Diego $102,260 ★ Contact us for More Limits

Community Access

2014 Loan and Income Limits

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Discount Mortgage Insurance

Page 30: 2014 Guide to California Buyer Assistance Loans & Grants

Mix & Match Assistance Programs

Educating and Empowering since 1988

www.FindMyWayHome.com

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 31: 2014 Guide to California Buyer Assistance Loans & Grants

★ CalHFA FHA or CalPLUS + ZIP + ECTP

★ CalHFA FHA or CalPLUS + ZIP + CHDAP

★ CHF Platinum Grant + CHDAP

★ Broadview Community Access + CHDAP

★ Any FHA or Conventional Loan + CHDAP

Stacking Options

Always Use Most Restrictive Rules

Mix & Match Assistance Programs

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 32: 2014 Guide to California Buyer Assistance Loans & Grants

Wrap Up & Take Aways

Educating and Empowering since 1988

www.FindMyWayHome.com

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 33: 2014 Guide to California Buyer Assistance Loans & Grants

★ CalHFA FHA & CalPLUS ZIP

★ CHDAP, ECTP Assistance Loans

★ CHF & SCHFA Grants - Not Paid Back

★ Community Access + CHDAP - Disc. PMI

★ Approved Lender CalHFA & CHF Platinum

Quick Review

More Options for Homebuyers

California Homebuyer Assistance

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 34: 2014 Guide to California Buyer Assistance Loans & Grants

★ Community Programs are Back

★ Offered on Level Playing Field

★ More From CalHFA This Year

★ Creative Solutions are Available

★ Creative Lender is Key

Wrap Up & Take Aways

California Homebuyer Assistance

Community Programs

Educating and Empowering since 1988

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

www.BMCLB.com

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender

Page 35: 2014 Guide to California Buyer Assistance Loans & Grants

!

Thank You for Attending! Follow up email with slides, links & resources

Educating and Empowering since 1988

www.FindMyWayHome.com

Use Questions & Answers box for real time response, or call (888) 808-8062 or email: [email protected]

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130745; Equal Housing Lender. Registered with the Nationwide Mortgage Licensing System and Registry, Broadview Mortgage #170528 Long Beach Branch DOB# 813K754 NMLS# 965157 !© Broadview Mortgage Long Beach. All Rights Reserved. Equal Housing Opportunity Lender