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Home Sweet Home
>> CALL NOW! (800) 266-2109 <<
1/2 % Down Payment
Available Now!!!
Unlimited Funds!
- FHA 30 year Fixed at 96.5% LTV
- Second Mortgage 15 year Fixed at 8.25% for up to 3% of sales price
- Minimum credit score 620
- Does NOT have to be First Time Homebuyer
Seller can pay up to 6% closing costs
- Maximum Debt to Income ratios:
- credit score 620-659 = 45%
- credit score 660+ = 47%
- Borrower qualifying income may not exceed 120% of HUD Area Median Income (See income guidelines below)
- Total CLTV 99.5%
| County |
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Program Income Limit |
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FHA Loan Limit |
| Los Angeles County: |
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$74,520 |
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$729,750 |
| Orange County: |
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$103,320 |
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$729,750
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| Riverside County: |
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$77,400 |
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$500,000
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| Sacramento County |
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$87,360 |
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$580,000
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| San Bernardino: |
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$77,400 |
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$500,000
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| San Diego: |
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$89,880 |
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$697,500
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| San Francisco County: |
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$116,160 |
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$729,750
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| San Joaquin Country: |
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$76,320 |
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$488,750
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| Ventura County: |
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$103,320 |
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$729,750 |
CLICK HERE TO VIEW ALL CALIFORNIA COUNTY INCOME LIMITS.
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Sample Scenario # 1:
(Purchase Price: $150,000)
1st: 96.50% ($150,000 x 96.50%) $144.750.00 +
2nd (Down Payment): 3% ($150,000 x 3%) $4,500.00 +
Total Financing 1st & 2nd: 99.5% of Sales Price $149,250.00 =
Borrower Required Down Payment: 1/2% ($150,000 x .5%) $750.00
Borrower Contribution: 1/2% ($750) for DP (Seller pay for Closing Costs)
Principle/Interest- $914 +
Taxes- $156 +
Insurance- $52 +
MI- $68 +
2nd- $43
Payment= $1233
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Sample Scenario # 2:
(Purchase Price: $200,000)
1st: 96.50% ($200,000 x 96.50%) $193,000.00 +
2nd (Down Payment): 3% ($200,000 x 3%) $6,000.00 +
Total Financing 1st & 2nd: 99.5% of Sales Price $193,000.00 =
Borrower Required Down Payment: 1/2% ($200,000 x .5%) $1,000.00
Borrower Contribution: 1/2% ($1,000) for DP (Seller pay for Closing Costs)
Principle/Interest- $1220 +
Taxes- $208 +
Insurance- $70 +
MI- $91 +
2nd- $58
Payment= $1647
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Sample Scenario # 3:
(Purchase Price: $325,000)
1st: 96.50% ($325,000 x 96.50%) $313,625.00 +
2nd (Down Payment): 3% ($325,000 x 3%) $9,750.00 +
Total Financing 1st & 2nd: 99.5% of Sales Price $323,375.00 =
Borrower Required Down Payment: 1/2% ($325,000 x .5%) $1,625.00
Borrower Contribution: 1/2% ($1,625) for DP (Seller pay for Closing Costs)
Principle/Interest- $1982 +
Taxes- $338 +
Insurance- $113 +
MI- $148 +
2nd- $94
Payment= $2675
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1-800-266-2109
www.123GoFHA.com
28570 Marguerite Parkway, Ste. 219
Mission Viejo, CA 92692
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