Down Payment and Closing Cost Assistance
Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home. If you live in California and need help with the down payment and/or closing costs, this home loan program may be the right fit for you. This loan program works by combining a
30-year fixed Interest rate FHA Mortgage Loan with a 15-year fixed-rate Second Mortgage that can be applied to the downpayment and/or closing costs.
- Low to No Downpayment
- Bankruptcy OK, if at least 2 years old
- Foreclosure OK, if at least 3 years old
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- No Prepayment Penalties
- No Reserves Required
- No First Time Home-buyer restrictions
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A recent testimonial...
Thank you for all your help. We still can't believe we were able to get a $200,000 loan to buy a home with only $1,020 as the down payment. No closing costs, just $1,020 out of our pockets. And we didn't have perfect credit either..."

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