California Homebuyer’s Downpayment Assistance Program (CHDAP)

CHDAP – California’s Homebuyers Downpayment Assistance Program

Review the information below to find out more about the CHDAP program. This program offered by (CalHFA) California Financing Housing Agency offers borrowers the ablity to have downpayment help when buying a home. The CHDAP program provides up to 3% of the purchase price, or appraised value, whichever is less, as a deferred-payment junior loan – to be utilized for their down payment and their closing costs. The California Homebuyer’s Downpayment Assistance Program may be combined with a CalHFA or non-CalHFA, first mortgage loan.

Program eligibility including borrower requirements, property requirements can be best reviewed by speaking with a home loan specialist who understands this type of program. the first of the requirments is to be a first-time homebuyer and occupy the property as their primary residence, non-occupant co-borrowers are not allowed. CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization. The applicant’s income must be less than the allowable CHDAP income limits.

Federally Designated Targeted Areas CHDAP

The Federal Government has areas that are “targeted” by were identified in the 2000 Census as areas in California where 70 percent of the families who live there earn an income that is 80 percent or less than the statewide median income. Forty-five (45) of California’s 58 counties have targeted areas – with 37 percent of the areas located in Los Angeles County. To read more about targeted and non-targeted areas click here, http://ift.tt/1Jc4tod.

California’s Homebuyers Downpayment Assistance Program or CHDAP has helped many families with the dream of homeownership. If you are thinking of buying a home and would like to know more about down payment help you can speak to a loan officer about first time home buyer programs.  CalHFA itself does not lend money directly to borrowers. CalHFA works with approved private lenders to qualify consumers and to make all mortgage loans. CalHFA purchases the closed loans that meet CalHFA’s requirements. The fees borrowers are charged could be different depending on the lender and the program. The interest rates will vary depending on the consumer’s financial circumstances, lender fees, and other determining factors. Interest rates are always changing daily, our specialists highly recommend that you check with a CalHFA-approved loan officer to receive an accurate rate quote for this program.

Find out how to receive up to 3% for a downpayment to purchase a house by speaking directly with a CalHFA approved loan officer.

How To Apply

How do I apply for this loan program?
Because CalHFA is not a direct lender, our mortgage products are offered through private loan officers who have been approved & trained by our Agency. These loan officers can help you find out more about CalHFA’s programs and guide you through the home buying process.

These are the documents you should have ready when contacting a loan originator

When you first contact one of our loan officers, have this list of documents and information available to help answer questions that they will ask you to see if you qualify

• Pay stubs
• Bank statements
• Employment history
• Previous tax returns

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FHA Loan Limits San Diego 2015

The 2015 FHA San Diego, Carlsbad area rose from 2014 for one to 4 units.

For the typical person, they’ve got a large amount of questions with regards to purchasing or refinancing house .  These new loan limits will be in effect for case numbers which have been signed starting January 1 onwards and will last until December 31. The FHA will calculate the limit for the maximum loan for areas that are considered as high-cost. These areas will be with the same rate while they were last 2014 at $625,500. Alternatively, for places with low housing costs, the rate will continue to be the same—the rate will still be $271,050.Each year, the FHA recalculates the limit to the national loan. They recalculate it based from the number in the national limit for conforming loans. It will depend on this that the floor limit to the minimum national loan is scheduled. The FHA sets it at 65% from the national limit for conforming loans. This really is applicable to areas wherein 115% of its median home prices are below 65% of the national limit for conforming loans. And also this means that the opposite also applies.

 The loan limits for San Diego, Carlsbad in 2015 increased from 2014.

2014	2015
$546,250 – Single Unit	$562,350 – Single Unit
$699,300 – 2 Units	$719,900 – 2 Units
$845,300 – 3 Units	$870,200 – 3 Units
$1,050,500 4 Units	$1,081,450 4 Units

When it comes to maximum, the maximum national limit ceiling from the FHA is scheduled at 150% of the national conforming limit. For places whose 115% with the median price is greater than the ceiling limit then your FHA loan limit will continue at 150% of the conforming load. Using the median area home in to consideration, a place may be deemed qualified to receive an FHA loan limit which is in the national standard limit and to the country’s ceiling level. Should you require any additional more knowledge about the money limit adjustments for two, three, as well as four properties in addition to Special Exception areas, look for more from the FHA’s mortgagee letter. Also, as a possible extra on the Mortgagee Letter, what’s more, it provides info on the countries that could sign up for these types of loan limits which are on the national standard. Borrowers who already have existing FHA insured mortgages can continue to continue using the FHA’s Streamline refinance program. This may not consider the continued balance off their current loan. They also announced the home loan limits which might be used in the FHA-insured reverse mortgages. It’s going to remain identical to the previous year and may continue to have a maximum claim amounting to $625,500. There will still be actual loan limits and these will be based on the following factors: borrower’s age, property value, as well as the current interest. These reverse mortgages lets homeowners at the age of 62 years and above to gain access to the equity of their houses and without resorting to further requirements in monthly installments.

Learn more about FHA home loans, FHA Streamlines, FHA Jumbo loans, or FHA High Balance loans in San Diego by speaking with a licensed mortgage professional

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Murrieta Flat Fee MLS Broker Offers Reduced Commission For Real Estate Listing In Murrieta California On New Post By Kevin Leonard

Kevin Leonard has a new page for Murrieta Realtor partner that presents a flat fee MLS listing service in Murrieta and throughout the Temecula Valley. The new page explains how those looking to sell a home can use a flat fee broker in Murrieta, and pay less commissions for the listing.

 

Kevin Leonard

Flat fee MLS listing service in Murrieta offers to list home at lower commission fee.

Murrieta, California (PRWEB) April 29, 2015

A growing trend in the real estate industry is for homeowners to pay less commissions to a real estate broker by using a flat fee MLS listing service. AMurrieta Realtor now has a new page on Kevin Leonard’s real estate and mortgage website advertising a flat fee MLS Murrieta listing offer. The discount realty fee is around a third of the cost of the “normal” commission other real estate brokers charge. Although real estate commissions are negotiable most real estate brokers in Murrieta charge 2 to 3 percent of the sales price. For example, if a homeowner looking to sell a home for $550,000.00 they could pay as much as $16,500 in commission to the broker/agent. In addition, they would also offer an additional 2 to 3 percent for the buyers agent. The team just completed a similar page for a flat fee real estate broker in Temecula, and continue to find Realtors willing to offer a discount real estate listing service. More can be viewed by viewing the new page here,http://ift.tt/1bbx29P

Murrieta which is situated to the north of Temecla, and has over one hundred thousands residents. Murrieta has many neighborhoods including Bear Creek luxury homes located at the spectacular and challenging Jack Nicklaus Signature Golf Course. Finding a home for sale in Murrieta under $300,000.00 will be challenging with most properties listed above $350,000.00. Some of the more expensive home reach into the millions, but most of the houses in Murrieta are part of a tract housing developments. The mortgage division of the organization works alongside the flat fee real estate agents to provide financing for the consumers. Working with dozens of lenders enables the team to find the loan that best fits the clients needs. Whether a FHA loan, Jumbo loan, or a VA loan is the best mortgage option, the team has access to the lenders that these types of home loans in Murrieta.

About:
Kevin Leonard is a mortgage professional who began in the mortgage business in 1997 and since then he has become one of the top mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a complete understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage industry. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. His team is partnered with the best Murrieta Realtors because of the team’s fast pre-approvals with the ability to fund purchase loans quickly. To learn more about Jumbo loans in Murrieta start by clicking on the highlighted link.

Contact:
Kevin Leonard
Phone: 951-200-5750
NMLS #6279

Originally published on http://ift.tt/1QMtg7U-fee-mls-murrieta-ca/flat-fee-listing-service/prweb12688471.htm.

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Flat Fee MLS Murrieta Real Estate Broker

Realtor Murrieta

Thinking of selling your home in Murrieta and want to save money by using a “discount” Realtor or broker. What about a 1% to list your home or Flat MLS fee service? All of these services sound confusing, so our real estate partners make it simple. Did you know that real estate commissions are negotiable? Instead of learning how to negotiate with a Realtor, our broker partner has made it simple by charging a flat fee for listing a home in Murrieta California. The flat fee MLS listing is $3999.00 to list a home for sale in Murrieta or anywhere in the Temecula Valley, this could save you a considerable amount of money in commissions. You would still have to pay an additional 2 ½ percent to the buyers side. But still that is roughly a $8,000.00 savings based on a $400,000.00 listing price.

 

Example: $400,000.00 X 3% for a “traditional” real estate company = $12,000.00

Flat Fee MLS $3999.00

 

Which would you rather pay? The answer is simple, but you may ask yourself how come the other Murrieta Realtors charge 3% to list your home. Good question, before Zillow and Trulia and hundreds of other real estate websites were out there, a real estate agent in Murrieta would have to do much more work to research home for sale in the area for their clients. Many of the “new” Realtors in Murrieta believe that charging less commission is fair because the consumer does much of their own research online. Having said that, there are some exceptions, unique or custom homes, luxury homes and others significantly different the most of the properties in Murrieta may require a Realtor that offers additional marketing and print work. This would raise the commissions to the 2 ½ to 3% range, and the good news is, our real estate broker in Murrieta offers this service as well.

Our job as mortgage professionals is to provide financing for those looking to purchase a home in Murrieta. Our team offers FHA loans, VA loans, and Jumbo loans in Murrieta. There are also down payment assistance programs for homes in Murrieta like the CHDAP, this program provides a deferred-payment junior loan – up to 3% of the purchase price, or appraised value, whichever is less, to be used for their down payment and/or closing costs. This program may be combined with a CalHFA or non-CalHFA, first mortgage loan. We offer a full range of loans that are available, including USDA loans, and also financing for Native Americans. To find out more about home loans in Murrieta, or to get preapproved for a home purchase in Murrieta California.

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San Diego VA Loans Specialist Begins New Marketing Campaign to Assist Military Home Loans With The VA IRRRL

VA loans in San Diego are very common due to the high military presence, and many homeowners who used a VA loan to buy their homes are taking advantage of low interested rates and refinancing into a new loan. Kevin Leonard and his staff have a new marketing project that is specifically targeting San Diego VA loans that could benefit from VA Interest Rate Reduction Refinance Loan.

                                                                                                                          

Kevin Leonard

San Diego, California (PRWEB) April 28, 2015

With interest rates still being at their all time lows, the mortgage team organized by Kevin Leonard are releasing new marketing material on the benefits of taking advantage of the VA IRRRL in San Diego.The VA (IRRRL) or Interest Rate Reduction Refinance Loan lowers the applicants interest rate by refinancing their existing San Diego VA home loan. By getting approved for a lower interest rate, the monthly mortgage payment should be less, offering the homeowner a savings every month. The with a VA loan in San Diego California can also refinance an (ARM) or adjustable rate mortgage into a fixed rate mortgage. An Interest Rate Reduction Refinance Loan can only be done to refinance a property on which a person has already used a VA loan eligibility. The VA IRRRL has to be a VA to VA refinance, and it will reuse the entitlement that was originally used. To learn more about applying for a Interest Rate Reduction Refinance Loan in San Diego call a licensed mortgage professional at (858) 999-3737.

The VA loan limits for San Diego County are $562,350 although the VA does not set a cap on how much an individual can borrow to finance a property. On the other hand, there are limits on the amount of liability VA is willing to assume, which commonly affects the amount of money an institution will lend the Veteran, or qualified person. In addition, for the most part all Veterans using the VA Home Loan Guaranty benefit must pay a funding fee. There are some exceptions to the VA funding fee and those interested in learning more should speak with a San Diego VA loan specialist. Kevin Leonard and his team know that there are many questions concerning any type of mortgage and believe that Veterans are strongly advised to contact several lenders, because fees and terms may vary.

About:
Kevin Leonard is a mortgage professional who began in the mortgage business in 1997 and since then he has become one of the top mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a complete understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage industry. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. His team is partnered with the best San Diego Realtorsbecause of the team’s fast pre-approvals with the ability to fund purchase loans quickly. To learn more about VA Jumbo loans in San Diego start by clicking on the highlighted link.

Contact:
Kevin Leonard
Phone: (858) 999-3737
NMLS #6279

 For the original version on PRWeb visit: http://ift.tt/1QFd6wZ

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Temecula Home Loans Specialist Builds New Post To Help Potential Borrowers Understand FHA, VA, And Jumbo Loans

Kevin Leonard and his team of mortgage and real estate professionals put together a new page to assist those in need of financing answers. The new page discusses what is needed to begin the process for a Conventional, VA, FHA, or Jumbo loans in Temecula California.

                                                                                                                            

Kevin Leonard

                Find out how to get receive a pre- approval for a home loan by calling (951) 200 5750

(PRWEB) April 27, 2015

Temecula California’s mortgage specialist Kevin Leonard has developed a new page to help consumers with home financing questions. Mr. Leonard understands that the home loan process can be stressful, and the more that consumers understand what is needed to qualify for a mortgage, the easier it can be for the consumer. A recent study from the CFPB (Consumer Financial Protection Bureau) says that nearly half of mortgage borrowers don’t shop around when they buy a home. Failing to shop for a mortgage could cost the applying borrower a significant amount of money each month. The consumers who “shop” interest rates offered by multiple lenders or brokers could see substantial differences in interest rates. To find out what type of loan products are available in today’s market, or for larger purchases that require a jumbo loan in Temecula, call the local office here, (951) 200-5750

When a consumer is looking to purchase a home or refinance a home loan, there are items a mortgage lender will need in order to approve the loan. Some of the items are, recent W-2’s, paystubs, and current tax returns to name a few. Getting approvals for VA loans in Temecula require additional items like a Certificate of Eligibility (COE). The COE verifies to the lender that the individual is eligible for a VA-backed loan. Finding out more about the items needed for purchase loans in Temecula by viewing the new page here,http://ift.tt/1DO7Ugm

About:
Kevin Leonard is a mortgage professional who began in the mortgage business in 1997 and since then he has become one of the top mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a complete understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage industry. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. His team is partnered with thebest Temecula Realtor because of the team’s fast pre-approvals with the ability to fund purchase loans quickly. To learn more about jumbo home loan rates start by clicking on the highlighted link.

Contact:
Kevin Leonard
Phone: 951-200-5750
NMLS #6279

For the original version on PRWeb visit: http://ift.tt/1GBnN0H

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Home Loans Temecula

If you are looking to purchase a home in Temecula, or already own a home and want to find out what types of home loans are available then contact our office and speak with a licensed mortgage professional. For a purchasing a home in Temecula, you should get a preapproval for a home loan before you go looking for a home. This way you will know if you qualify for a mortgage amount for a particular property or neighborhood. Don’t just assume that the Realtor or your Bank is going to be able to provide you with the best rates that are out there. Sometimes they can, but sometimes can’t, The Consumer Financial Protection Bureau, or CFPB states that a recent survey showed that nearly half the people getting a home loan did not shop around for better rates. Many people think that a Quarter Point in the interest rate will not effect the payment that much.

Here is an example how much of a difference that can make

Loan amount of $480,000.00 at 4.75 interest rate @30 years = $2,503.91

The same loan amount a 5% interest rate = $2,576.74 ($72.83 a month loss)

that equals $26,218.80 over the life of the loan.

Just imagine what you could do with the savings, that is just one example, and think about the savings on larger Jumbo loans in Temecula. We have done loans in the past that save people hundreds of dollars a month. Especially when rates drop and people take advantage of FHA streamlines, or VA IRRRL’s. Why give away your hard earned money, when you don’t have to? Listed below are what most brokers/lenders will need to get started with your home loan approval.

 

 

 

COMPLETE, SIGNED, AND DATED 1003 AND ALL SIGNED DISCLOSURES, COMPLETE ALL BLANKS, MUST INCLUDE TWO YEAR EMPLOYMENT HISTORY WITH LOCAL ADDRESS, CONTACT INFO AND DATES, INCLUDE ANY UNEMPLOYMENT PERIODS, COMPLETE THE REFINANCE SECTION ON PAGE ONE AND REAL ESTATE OWNED SECTION.

SIGNED LETTER OF EXPLANATION FOR ALL INQUIRIES LIST EACH SEPARATELY AND INDICATE IF ANY NEW DEBT

COMPLETE BANKRUPTCY PAPERS INCLUDING DISCHARGE

COMPLETE DIVORCE DECREE/CHILD SUPPORT ORDERS

CURRENT MORTGAGE COUPONS, HOA STATEMENT AND INSURANCE FOR ALL PROPERTIES OWNED

LEASE AGREEMENTS ON ALL RENTAL PROPERTIES

LEGIBLE COPIES OF MOST RECENT TWO MONTHS BANK STATEMENTS, ALL PAGES, ALL ACCOUNTS.  DOCUMENT WITH A PAPERTRAIL AND EXPLAIN ANY DEPOSITS OTHER THAN DIRECT DEPOSIT PAYROLL.

LEGIBLE COPIES OF MOST RECENT 30 DAYS PAYSTUBS

CURRENT AWARD LETTERS FOR RETIREMENT/SOCIAL SECURITY/CALPERS

2013 AND 2014 W-2’S/1099’S/K-1’S

2013 AND 2014 TAX RETURNS – PERSONAL AND BUSINESS

BORROWER EMAIL ADDRESS FOR LENDER DISCLOSURES

LEGIBLE COPIES OF SOCIAL SECURITY CARDS AND DRIVERS LICENSE FOR ALL BORROWERS

FULL EXECUTED PURCHASE CONTRACT AND ESCROW CONTACT INFO
Whether you are looking at refinancing an existing mortgage, or looking to purchase a home in Temecula, have a local mortgage specialist help you navigate through the process. Our mortgage team is local and has thousands of home loans funded. Contact us now, and get the expert advise from a licensed professional.

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Jumbo Loan Limit San Diego 2015 Discussed Along With Jumbo Loan Rates On New Page Developed By Home Loans Expert Kevin Leonard

Jumbo Loan Limit San Diego 2015 Discussed Along With Jumbo Loan Rates On New Page Developed By Home Loans Expert Kevin Leonard

San Diego Jumbo loans expert Kevin Leonard discusses 2015 jumbo loan limits and guidelines on new article. Jumbo and VA Jumbo loan San Diego lenders are offering new products that will allow more individuals to qualify.

San Diego, California (PRWEB) April 22, 2015

Finding the best jumbo loan product for a purchase or refinance can be challenging. Kevin Leonard and his team explain some of the jumbo loans in San Diego that are available for consumers and what the qualifications are on a new blog post. The first item to note is the increase of $ 16,100 in the loan amount for the maximum conforming loan limits for Fannie Mae and Freddie Mac. The new increase raises the amount to $ 562,350 in 2015, up from $ 546,250 in 2014. It is also worth mentioning that the 2015 high cost area loan limits have increased for 46 counties due to a high-cost area adjustment or the county being newly assigned to a high-cost area. The other counties in California that were increased were Monterey County and Napa County. The group works mostly with San Diego real estate agents with assisting financing for new purchases. Because some of the loan amounts in area are over the conforming loan limits in San Diego, the team keeps up-to-date Jumbo home loan products that are available. To find out about VA jumbo loan San Diego lenders call, (858) 999-3737.

Some of the new Jumbo loans in San Diego offer up to 95% loan-to-value (LTV) and loan amounts up to 3 million, many homebuyers can purchase luxury real estate in San Diego. The team also has access to Super Jumbo Loans in San Diego, with loans amounts above 3 million. Although the mortgage group offers these jumbo loan products, the bulk of the business is still home loans that fit into FHA and conventional loan amounts. Also, because of the heavy military presence in San Diego VA purchases and VA IRRRLs (Interest Rate Reduction Loans) are very common. San Diego has real estate buyers looking to buy homes from hundreds of thousands to tens of millions, and the team works with Realtors to provide financing. To find out more about jumbo loans or jumbo loan rates in San Diego call the office and speak with a jumbo loans specialist, or click here,http://www.kevinleonardmortgageexpert.com/jumbo-loans/

Company information:
Kevin Leonard is a mortgage professional who began in the mortgage business in 1997 and since then he has become one of the leading mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a complete understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage industry. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. San Diego real estate agents work with him and his team because they have the ability to offer fast pre-approvals with the ability to fund purchase loans quickly. To learn more about which Jumbo loan rates San Diego County brokers or lenders are offering, start by clicking on the highlighted link.
Contact:
Kevin Leonard
Phone: (858) 999-3737
NMLS #6279

Real Estate Marketing San Diego | Real Estate Marketing Tools And Ideas

Temecula Discount Real Estate Broker Now Offers 1% To List A Home For Sale With New Listing Service

Temecula Discount Real Estate Broker Now Offers 1% To List A Home For Sale With New Listing Service

San Diego Discount Realtor Group Now Added to the List of Discount Real Estate Brokers in San Diego, California - WTRF 7 News Sports Weather - Wheeling Steubenville

San Diego Discount Realtor Group Now Added to the List of Discount Real Estate Brokers in San Diego, California - WTRF 7 News Sports Weather - Wheeling Steubenville

San Diego Discount Realtor

San Diego Real estate

San Diego home prices peaked in 2005, then declined as part of a nationwide trend. As of December 2010, home prices were 60 percent higher than in 2000, but down 36 percent from the peak in 2005. The median home price declined by more than $200,000 between 2005 and 2010, and sales dropped by 50 percent.Prior to 2006, San Diego experienced a dramatic growth of real estate prices, to the extent that the situation was sometimes described as a "housing affordability crisis". Median single family home prices more than tripled between 1998 and 2007. According to the California Association of Realtors, in May 2007 a median house in San Diego cost $612,370.Growth of real estate prices was not accompanied by comparable growth of household incomes: the Housing Affordability Index (percentage of households that can afford to buy a median-priced house) fell below 20 percent in the early 2000s. The San Diego metropolitan area had one of the worst median multiples (ratio of median house price to median household income) of all metropolitan areas in the United States, a situation sometimes referred to as a Sunshine tax. As a consequence, San Diego has experienced negative net migration since 2004. A significant number of people moved to adjacent Riverside County, commuting daily from Temecula and Murrieta to jobs in San Diego. Many of San Diego's home buyers tend to buy homes within the more affordable neighborhoods, while others are leaving the state altogether and moving to more affordable regions of the country.

more can be seen here, http://en.wikipedia.org/wiki/San_Diego

Learn more about the real estate market by working with a real estate agent. A discount Realtor in San Diego can not only assist you in buying or selling a home, but can also offer this service at a discounted commission.