CalHFA’s Dream For All is a newer assistance program that provides first-generation, first-time buyers in California with 20 percent of the home’s purchase price in a shared appreciation loan. You’ll use the 20 percent to cover the down payment at the time of purchase. When you sell ...
C.A.R.’s First Time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California. The Index is the most fundamental measure of housing well-being for first-time buyers in the state. The minimum household inco...
The share of first-time buyers in California last year soared to 47 percent--up from 35.9 percent the year before. That was among the findings in a new report released by the California Association of Realtors[R] (CAR), Los Angeles.Mortgage Banking...
“With affordability for first-time buyers at a record high, sales of existing, single-family homes continued to remain above the 500,000 level for the ninth consecutive month,” said C.A.R. President James Liptak. “Buyers are beginning to realize that the combination of favorable home price...
The minimum down payment is 3% for first-time buyers and 5% otherwise. The loan origination fee is waived but AmeriSave charges closing fees of 3% to 6%. Best of all, there are no late payment fees or prepayment penalties. To date, the company has financed over 628,000+ borrowers with...
Those are two key finding from theNational Association of Realtors’ 2018 Profile of Home Buyers and Sellers, which says that first-time buyers have accounted for 33 percent of home purchases this year, down from 34 percent in 2017. First-time homebuyer activity has been sliding for three ye...
CalHFA Loans: California offers a unique loan program for low-to-moderate-income borrowers who are also first-time home buyers. This loan offers a 30-year fixed rate for those who qualify. VA Home Loans: Qualifying active-duty service members, veterans, and surviving spouses can take advantage...
April 14, 2015 Fannie Mae Launches First Time Homebuyer Assistance Program April 10, 2015 66% of First Time Buyers Use Low Down Payment Mortgages April 07, 2015 CoreLogic Reports National Homes Prices Rose by 5.6 Percent Year Over Year in February 2015 April 02, 2015 Fannie Mae Announces Sale...
But what if I told you this isn’t the reality, and in fact homebuilders are getting smarter, home prices in Southern California are fluctuating and opportunities for California first-time home buyers continue to be created. And not only are new homes being developed every day, but homes ...
A variety of converging factors affect the recovery in the California housing market. These include first-time buyers and investors buying low-end properties, resulting in short supply. High-end sellers are having a problem securing qualified buyers who can obtain financing with the more stringent ...