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3 Buyer Assistance

Programs you can use Today!

Questions & AnswersGet Answers – Questions BoxAssistance Experts Standing ByInteractive Environment

There are no dumb questions!

Write this number down in case of technical difficulty

1-866-667-6724

Tax Credit is GoneDown Payment Assistance

Closing Cost Assistance

Assistance don’t pay back

Guaranteed Seller Concessions

Assistance you can use NOW

Catch of the Day

CHF Platinum Grant

CalHFA CHDAP Assistance

Fannie Mae HomePath

Reliable Home Buyer Assistance

Broadview Mortgage – Expertise

www.HomeownershipUniversity.com

Grant

1CHF

CHF Platinum Home Buyer Grant

FREE Money for Home Buyers!

CHF Platinum Grant Goodies

3% of Loan Amount

No lien, No Payment, Grant

Can Be Used for Down or Costs

Never paid back

Who Qualifies for Grant Money?

Home Buyers in California

No FTHB Requirement

Must be Owner Occupied

Government Loans Only

Grant Money Program Restrictions

Must Use Approved Lender

Must Use Approved 1st Mortgage

Income Limit Restrictions

Purchase Price Restrictions

Important Limitations

County Income LimitsVaries by County

Purchase Price LimitsAll Counties $417,000

CHDAP

2CalHFA

California Housing Finance Agency

Official State of CA FTHB Program

CalHFA CHDAP Awesomesauce

Only Requires 1% From Buyer!

3% of Purchase Price – Low %

No Payments for life of loan

Can Be Used for Down or Costs

Can be used w/ most programs

CalHFA CHDAP Restrictions

30 Day Escrow Should Be OK

Must Use Approved Lender

Income Limit Restrictions

Purchase Price Restrictions

Must be FTHB – 36 Months

Delays Possible When Busy

Important Limitations

Income for Families 1-8 Members

County Income LimitsVaries by County

Purchase Price LimitsSee follow up email for links

HomePath

3Fannie

HomePath Buyer Assistance

Special Incentives on Fannie REO

HomePath Hype

http://www.homepath.com/incentive/index.html

3.5% Assistance until Oct. 31st

3% Down | No PMI Option*

No Appraisal | No Condo Cert

$1,200 Bonus to Agent

Reduced Competition

FirstLook Buyer Exclusivity

15 DaysAfter that…Investors Welcome!

Special Incentives on Fannie REO

10,576 Homes in California

CHF Rates slightly higher

CHDAP can cause delaysCalHFA recapture tax - 1st TD

HomePath no inspections bad?HomePath no PMI expensive

Costs of Assistance Programs

Nobody likes Surprises

Decision to hire someone should be taken very seriously

Expect character, communication and expertise

Home buying team will educate & inform

Avoid pressure tactics & implied urgency

Does your team specialize in the programs that you are interested in

Hiring A Home Buying Team

Income documents you will needLast 30 days pay stubs for all buyersLast 2 years W2’s for all buyers2 yrs tax returns IF non W2 income or expenses

Asset documents you will need Last 60 days statements for all reserves checking, savings, 401K, stocks, bonds

Tell your loan officer if you plan to use GiftIncorrectly receiving or documenting gift funds could cause delays or problems closing on purchase

Getting Approved for Assistance

Direct Lender specializes in CalSTRS, CalHFA, CHF, HomePath, FHA, VA, USDA, Buyer Assistance

Would like the opportunity to be your lender if you have not already chosen one

We are more than happy to be your “second opinion” if you are already working with someone

If you are not working with an Agent, we can recommend a qualified Real Estate Agent in your area that shares our values and expertise

About Us

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1-866-667-6724Broadview Mortgage Corporation