FHA Home Loans (3.5% Down):
The Federal Housing Administration (FHA), which is part of the U.S. Dept. of Housing and Urban Development (HUD), administers FHA home loan programs. FHA loans have lower down payment requirements (currently 3.5%) and are easier than conventional loans to qualify. FHA loans cannot exceed certain amounts depending on location. The program allows for gift funds and grant funds from various County, City and State organizations and has flexible qualification guidelines which for past bankruptcies, foreclosures and collections. Additionally, sellers can pay your closing costs.

CHF Access Program (0.5% Down):
Working in conjunction with an FHA Home Loan, the Access Program kicks in and provides you a second mortgage for 3% (of the required FHA 3.5% down), leaving you with only 0.5% to put down. This is a fantastic program for cash-tight borrowers. This program is available throughout the State of California. Flexible qualification guidelines allow for past bankruptcies, foreclosures and collections. Seller can still pay your closing costs – and even the 0.5% down can be gifted.

USDA – Down Payment Waiver (0% Down):
A Government Guaranteed Rural Housing Program providing zero down loans in eligible areas throughout California and the US.  Buyers can borrow more than the purchase price if the appraisal supports it.  The extra funding can be used for repairs or closing costs.   Sellers can also pay your closing costs and gifting is allowed as well.  Flexible qualification guidelines allow for past bankruptcies, foreclosures and collections.  No cash reserves required, and no mortgage insurance. Click here for Free 1-hour Seminars.

VA Home Loan (0% Down):
The VA Loan Guaranty Service is the organization within the Veterans Benefits Administration charged with the responsibility of administering this home loan program. Qualified Veterans can finance up to 100% of the purchase price with no mortgage insurance!  Seller can pay up to 4% in closing costs and even pay down the borrower’s debt for easier qualification.   Flexible qualification guidelines which allow for past bankruptcies, foreclosures and collections.

HomePath® Financing (as low as 3% Down)
Financing for houses owned by Fannie Mae and is available for straight purchase, or purchase and light renovation. There are less restrictive credit requirements, no mortgage insurance and often no appraisal. This program also allows for and gift funds and grant funds from various County , City and State organizations. Available for owner-occupied buyers and investors.

FHA 203(k) Rehab (3% Down)
This is an FHA loan that allows you to buy a home that is in need of repairs and include the cost of repairs in the amount financed. This program is the Department of Housing and Urban Development’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities. The program enables for the purchase and rehabilitation of a home in a single transaction or improvements to a property a homebuyer is purchasing with a down payment as little as 3%.

Conventional Loans (as little as 10% Down)
A conventional mortgage is a loan that is not guaranteed or insured by any government agency. It is typically fixed in its terms and rate. These loans have streamlined underwriting processes and often low rates.