Did you know that there is financial assistance for home buyers in the State of California? CALPLUS with Zip may be the answer to your home ownership dreams!

Did you know:

•You may be eligible for a 97% LTV loan?

*You may be eligible for a deferred junior loan for down payment and/or closing cost assistance with no payment required for the life of the loan?

•Teachers and staff in public schools may be eligible for up to 4% of the sales price of a home for down payment/closing cost assistance?

•A great real estate agent can direct you to a lender to help you find the perfect loan program for YOU?

Are you a homebuyer looking for a fixed rate mortgage with closing cost assistance combined into one perfect package? Cal PLUS and Zip are for you!

CalPLUS features:

•A 97%LTV Conventional or 96.5% LTV FHA first mortgage loan

•30-year term, fixed interest rate

ZIP closing cost assistance:

•Zero interest junior loan

•Deferred payment

Additional benefits:

First-time homebuyers can also add these to CalPLUS with ZIP:

•MyHome Assistance Program – deferred payment junior loan for down payment and/or closing costs

*Extra Credit Teacher Program (ECTP)—up to to $15,000 in a deferred payment loan for teachers and staff serving California’s public schools

*Mortgage Credit Certificate Program (MCC) — federal income tax credit that may lower your taxes and increase disposable income.

What Does First-Time Homebuyer Mean?

To qualify for CalHFA’s down payment assistance programs, you must be a “first-time homebuyer.” Surprisingly, that doesn’t mean this has to be the first home you’ve ever bought.

A first-time homebuyer is defined as:

Someone who has never owned a home or Someone who has not owned and occupied their primary residence for the last three years.

That means if you owned your home three or more years ago but sold it, you are right back to being a first-time homebuyer again—and you can take advantage of all of the benefits of CalHFA’s first time homebuyer programs.

Call today (9250 360-3261 and I’ll connect you with a great lender. Carolyn Thomas is a whiz. Check out her site at MortgagesWithCarolyn.com