It was just announced that the CHF Home Buyer Fund that provides the ACCESS second loan financing for California Home Buyers to purchase a home with FHA financing with only 1/2% (.5%) down payment is limited to $5,000,000 in funding! Or, with a gift of the 1/2% from a family member you can actually purchase with NO DOWN PAYMENT. This means buyers in Riverside, Menifee, Moreno Valley, San Bernardino, Orange County, and San Diego county better hurry up and submit their application for approval before someone else beats them to it. Read this article for qualifying details on the California FHA 99.5% Down Payment Assistance Home Loan Purchase . To quick qualify for this loan program call Brad Yzermans at (951) 215-6119. Or email me brad (at) homeloanartist (dot) com.
How much money is in the CHF Home Buyer Fund? $5,000,000 (five million).
That sounds like a lot of money……that will last for a long time, right? It won’t last long at all. Figure the average home purchase price will be around $275,000. The CHF ACCESS second mortgage is for 3% of the purchase price. 3% x $275,000 = $8,250. Divide $8,250 by $5,000,000 and that comes to only 606 home purchases….that is for ALL of California.
How long does it take to sell 606 homes with people using this program? In this market, maybe 3-5 weeks….or less. If you don’t take action in the next 2-3 weeks you may miss out on a great opportunity to purchase a home with only .5% down payment.
If you need or want down payment assistance to purchase a home with only .5% down payment in California, Riverside, San Bernardino, Orange County, San Diego, or anywhere, you need to TAKE ACTION NOW by calling Brad at (951) 215-6119 to get your Priority Buyer Status Pre-Approval in writing.