Another First Time Buyer Loan Program

I’ve learned about another great loan program for first time buyers (or if you have not owned a home for 3 years or more) that I wanted to share.

If you are on the West Coast (LA and south) you may contact Maureen Thorpe , who is independent (310-383-2262) and please tell her I referred you. For other locations, send me an email, let me know where you are and I will get the right contact information for you via email – no need to call me, unless you want to  

• Available in many states
• Must be owner-occupied housing
• Housing may be a single unit or up to 4 units, a townhome/PUD, a condo, or a co-op (NY adn CT only)
• Purchase price varies by type of housing (1,2,3 or 4 unit as well as manufactured)
• Income guidelines are generous (examples: LA County $78,680; San Diego County $90,860). If income exceeds these levels, applicant must buy in the areas designated by the government as low income census tracts (LICTs), othewise they may buy anywhere in the county.
• NO credit score is checked
• May be 100% financing
• NO mortgage insurance is required (a big savings)
• Rates are VERY COMPETITIVE.

This is just a brief summary, and there are a number of other things you should inquire about (refinancing, pre-payment, appraisal requirements, etc.) when you call.