Mortgage Lender For First Time Home Buyer | Mortgage Broker

By Author: harry carlos
Total Articles: 4
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Purchasing a house in California can be overwhelming and the price can be exorbitant. Some of the available Mortgage Loan Programs for Californian FTHBs are CalHFA FHA Loan Program. It is an FHA-insured loan comprising of CalHFA and a fixed interest rate for 30 years on the first mortgage. Others are CalPLUS FHA Loan Program, CalHFA USDA Program, CalHFA VA Loan Program, MyHome Assistance Program, and CalPLUS Conventional Loan Program. Down payment in CA could vary from 3.5% to 10% (On Home Value) contingent on the credit score. Lower the credit scores higher the down payment. The average required credit score is 730; a credit score less than 580 could make the down payment up to 10%. In the case of a VA guaranteed home loan the down payment is eliminated. Some of the best mortgage lenders for an FTHB in CA for the year 2021 are BB&T; Movement Mortgage; Rocket Mortgage; Low rates.com; and Guild Mortgage; Carrington