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California First Time Home Buyer Program Offers Zero Down Payment Home Mortgage Loan
(presented by www.refinance-refinance.net - mortgage lenders)



By Keith Hunt

For a California first time home buyer, the down payment is probably the biggest hurdle. It has been planted in the buyer’s mind that a twenty per cent cash down payment is required.

But the mortgage marketplace is changing and with a good income and good credit, homes can be purchased with zero down, one hundred per cent financing.

There are California lenders that have specialized programs that want to help people purchase their first home. Some programs are tailored for people with damaged credit, while most can help people with little saved for a down payment.

For more information about first time home buyer programs available to you please call toll free 1-866-398 4664 or go to:

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HOME LOANS ADVERTISEMENT

There are numerous lenders that specialize in loans for first time home buyers. Some of these lenders will even loan up to 103 percent of the home’s purchase price to include closing costs.

Loan programs are available where up to $300,700 can be borrowed. There are a few lenders offering zero down jumbo mortgages over $300,700.

The best way to buy your first home for no cash out of your pocket is to qualify for a 100 percent mortgage where the borrower receives a pre-approval letter or certificate from the lender.

Getting pre approved will help determine what price range to be looking in for California real estate. Many first-time borrowers confuse being

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This entry was posted on Saturday, April 15th, 2006 at 5:27 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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