Today's Financing

 

FHA

  • 640 minimum FICO
  • Non occupying co-borrowers allowed
  • up to 6% seller concessions allowed
  • 100% gift funds okay
  • 3.5% down payment

VA

  • 100% financing up to $417,000
  • 25% down of difference between $417,000 and sales price
  • no minimum FICO required
  • Non allowables to be paid by seller

Conventional

  • $417,000 conforming
  • 680 minimum FICO
  • DO NOT have to pull spouses credit
  • Seller's look at these first

CALHFA/CHDAP

  • First time homebuyer buying primary residence (has not owned in 3 years)
  • Must be a US citizen, permanent resident alien or other qualified alien
  • SFR, condo or pud
  • 620 minimum FICO
  • Must have 1% of own funds
  • 3% down payment assistance 
  • Income limits
  • Lower interest rates

Homepath

  • As low as 3% down
  • No minimum FICO
  • No appraisal
  • 15% down for investors
  • 6% seller concessions primary 2% investor
 

Contact Us
Classic Home Realty 12672 Limonite Ave., Suite 3E 340, Eastvale, CA 92880