3 buyer assistance programs available now
TRANSCRIPT
![Page 1: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/1.jpg)
Welcome, You’re Early!
We’ll Get Started in a Moment
![Page 2: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/2.jpg)
3 Buyer Assistance
Programs you can use Today!
![Page 3: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/3.jpg)
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
![Page 4: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/4.jpg)
Tax Credit is GoneDown Payment Assistance
Closing Cost Assistance
Assistance don’t pay back
Guaranteed Seller Concessions
Assistance you can use NOW
![Page 5: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/5.jpg)
Catch of the Day
CHF Platinum Grant
CalHFA CHDAP Assistance
Fannie Mae HomePath
Reliable Home Buyer Assistance
![Page 6: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/6.jpg)
Broadview Mortgage – Expertise
![Page 7: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/7.jpg)
www.HomeownershipUniversity.com
![Page 8: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/8.jpg)
Grant
1CHF
![Page 9: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/9.jpg)
CHF Platinum Home Buyer Grant
FREE Money for Home Buyers!
![Page 10: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/10.jpg)
CHF Platinum Grant Goodies
3% of Loan Amount
No lien, No Payment, Grant
Can Be Used for Down or Costs
Never paid back
![Page 11: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/11.jpg)
Who Qualifies for Grant Money?
Home Buyers in California
No FTHB Requirement
Must be Owner Occupied
Government Loans Only
![Page 12: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/12.jpg)
Grant Money Program Restrictions
Must Use Approved Lender
Must Use Approved 1st Mortgage
Income Limit Restrictions
Purchase Price Restrictions
![Page 13: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/13.jpg)
Important Limitations
County Income LimitsVaries by County
Purchase Price LimitsAll Counties $417,000
![Page 14: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/14.jpg)
CHDAP
2CalHFA
![Page 15: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/15.jpg)
California Housing Finance Agency
Official State of CA FTHB Program
![Page 16: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/16.jpg)
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
![Page 17: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/17.jpg)
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
![Page 18: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/18.jpg)
Important Limitations
Income for Families 1-8 Members
County Income LimitsVaries by County
Purchase Price LimitsSee follow up email for links
![Page 19: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/19.jpg)
HomePath
3Fannie
![Page 20: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/20.jpg)
HomePath Buyer Assistance
Special Incentives on Fannie REO
![Page 21: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/21.jpg)
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
![Page 22: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/22.jpg)
Reduced Competition
FirstLook Buyer Exclusivity
15 DaysAfter that…Investors Welcome!
Special Incentives on Fannie REO
![Page 23: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/23.jpg)
10,576 Homes in California
![Page 24: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/24.jpg)
![Page 25: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/25.jpg)
![Page 26: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/26.jpg)
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
![Page 27: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/27.jpg)
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
![Page 28: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/28.jpg)
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
![Page 29: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/29.jpg)
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
![Page 30: 3 Buyer Assistance Programs Available Now](https://reader035.vdocuments.site/reader035/viewer/2022081519/555a02dfd8b42ad00a8b5071/html5/thumbnails/30.jpg)
Thank You for AttendingIf you enjoyed this class – Tell a friend
Please tell us how we’re doingRead & Write Reviews – tab on home page
Your feedback is greatly appreciated
1-866-667-6724Broadview Mortgage Corporation