Jeff’s Carlsbad Blog for First Time Home Buyers


Another First Time Buyer Loan Program

Posted in Mortgage info by Jeff Dowler on October 26, 2006

loans_jpg.jpgI’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.

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  1. […] Another First Time Buyer Loan Programloans_jpg.jpgI ve learned about another great loan program for first time buyers (or if you have note owned a home for 3 years or more) that I wanted to share. Available in many states. Must be owner-occupied housing … […]


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