Home Loans

Recent sales data indicated that the most frequent type of real estate transaction in California, is a short sale; a unique type of real estate transaction that requires responsible, professional expertise and empathy on a variety of levels. This applies to all parties involved in the transaction.

This loan program still exists today for HUD REOs, to receive more information, please send email to: cdavis @guildmortgage.net.

The State of California recently approved AB 183, a $10,000 Homebuyer Credit for eligible Homebuyers. “The eligible taxpayer who purchases a qualified personal residence on and after May 1, 2010, and on or before Dec. 31, 2010, or who purchases a qualified principal residence on or before Dec. 31, 2010, and before Aug. 1, 2011,

Effective April 5, 2010, FHA – Federal Housing Administration will increase the required mortgage insurance premium from 1.75% to 2.25% of the loan amount. Mortgage insurance is required on all FHA loans regardless of the loan to value ratio.

JUMBO 30 Year Fixed Rate financing has returned to the real estate finance market in the past few months. Financing is available for single family homes, as well as 2 -4 Units, for the purpose of purchasing, no cash out and cash out refinances. 10 Year interest options are available also. Interest rates are still

A FIRST TIME HOMEBUYER may be able to qualify for 3% of the loan amount as a grant! SCHFA is a mortgage revenue bond sponsored by the Southern California Housing Finance Agency. The program is a FIRST TIME HOMEBUYER PROGRAM and has income and geographic restrictions. Geographic Restriction: The property must be located in Los

HERO-HOUSING ECONOMIC RECOVERY OWNERSHIP……. “HERO” Program – Up to $85,000 in downpayment & closing costs assistance – zero interest. Presented by the Los Angeles County Community Development Commission-First time homebuyers can qualify based on purchasing a vacant, foreclosed property in target areas only. HOMEPATH-97% loan to value, no private mortgage insurance, and NO APPRAISAL! –