CalSTRS 80/17 Discontinued?
Posted on 22. Aug, 2011 by Scott Schang in CalSTRS Teacher Loan
The CalSTRS 80/17 home purchase loan is being discontinued. Here is the announcement made late last week: The California State Teachers Retirement System (CalSTRS) will discontinue the CalSTRS 80/17 Home Loan Program on October 1, 2011. The last day to lock any new CalSTRS 80/17 loans will be September 30, 2011. Any loans locked prior [...]
CalHFA FHA Lowers Interest Rates August 2011
Posted on 15. Aug, 2011 by Scott Schang in CalHFA First Time Buyer
CalHFA FHA has lowered it’s interest rates .5% last week, which once again puts this program on my radar as a viable and awesome option. A while back, I wrote a post about how I had lost favor with this program because it was priced out of the market. With interest rates continue to inch [...]
Free NASA Artifacts for your Classroom?
Posted on 15. Aug, 2011 by Scott Schang in CalSTRS Teacher Loan, Community
This is super cool! Did you know you can get free NASA artifacts for your classroom? I know this doesn’t have anything to do with home ownership, but I know a bunch of our readers are Teachers or work in California schools. Here’s an email that I received that dishes out all the details NASA [...]
Fannie Mae HomePath FirstLook Means Less Competition for Home Buyers
Posted on 11. Jul, 2011 by Scott Schang in Fannie Mae HomePath
For the first 15 days that a Fannie Mae HomePath foreclosure goes to market – you may have less competition and increase your chances of getting your offer accepted. Why’s this you ask? Because Fannie Mae does not allow investors to bid on their HomePath foreclosures until after 15 days in the State of California. [...]
HomePath Buyer Incentive on Fannie Mae Foreclosures
Posted on 27. Jun, 2011 by Scott Schang in Fannie Mae HomePath
There is a special buyer incentive now being offered on Fannie Mae foreclosure homes when using a HomePath loan. As you may recall from my previous post about the Fannie Mae HomePath buyer program, this is a special loan program that allows buyers to buy with as little as 3% down payment and NO MORTGAGE [...]
Buy Fannie Mae Foreclosure Homes with HomePath?
Posted on 20. Jun, 2011 by Scott Schang in Fannie Mae HomePath
I’m not going to go into a long drawn out explanation of what Fannie Mae is…but let’s just say that they had a lot to do with the current housing mess that we’re in right now. This is bad for home owners, good for home buyers. Now, Fannie Mae has a bunch of foreclosure homes [...]
Understanding FHA Loan Fees
Posted on 06. Jun, 2011 by Alissa Alvarez in Consumer Protection, FHA Home Loan
If you are a first time home buyer, you’ve most likely have heard about FHA loans, and you probably have plenty of important questions. As you are deciding whether an FHA loan is best for you, it is important that you understand it’s unique features and how it works. One of the most important details [...]
Benefits and Challenges of CalHFA First Time Homebuyer Loans
Posted on 28. Mar, 2011 by Scott Schang in CalHFA First Time Buyer
The winds of change have swayed my opinion on the use of CalHFA First Time Homebuyer Programs. In 2008, there was a lot more confusion and change in the mortgage marketplace, it was even more volatile than today. Most of CalHFA’s programs were discontinued at that time, leaving few options for first time homebuyers. The [...]
CalSTRS 80/17 Non Conforming Loan Discontinued
Posted on 22. Mar, 2011 by Scott Schang in CalSTRS Teacher Loan
The CalSTRS 80/17 home purchase loan offered by the California State Teacher’s Retirement System is one of the most fantastic programs around. This incredible program features: 3% Down Payment NO MORTGAGE INSURANCE 17% Deferred Second Mortgage Qualify off 80% First Loan Amount Available to ALL employees of California public schools, school districts and community colleges. [...]
FHA Monthly Mortgage Insurance Increase – Lock Lower Payments!
Posted on 22. Mar, 2011 by Scott Schang in FHA Home Loan
I first wrote about FHA monthly mortgage insurance premiums rising again on February 21st, 2011. We are now less than 30 days away it getting more expensive to use an FHA loan to purchase your home. What you need to know The date of your FHA case number – You have the ability to secure [...]
Questions? 1-877-823-9250
Chat Live or eMail Offline Now
Recent Comments Questions and Answers