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Must See ！ ！ For First Time Home Buyers in California ！ ！

About CalHFA]

CalHFA is a program that helps first-time homebuyers to make buying easier.
It provides loans for down payment （ Down Payment ） and other expenses （ necessary to make the loan ） Closing Cost .

And this part of the loan does not have to be repaid until you sell the house or do a loan modification （ Refinance ）.
（ Silent Second ） which is designed to make it easier to pay with lower monthly payments.

The first condition for borrowers is Primary Residence Only, which can only be used to purchase a house to live in.
And the borrower must be a First Home Buyer （ who has not been a homeowner for at least the past three years ）.

There are income limits by County.
（ Income Limit ） Must take Home buyer Education Counseling and obtain Certificate.

[How To Apply]
Apply only through a Mortgage Broker or Lender that handles CalHFA.
Documents to be submitted are the same as for other loans.
（ Pay Stubs, Bank Statement, Tax Return, Employment History, etc. ）

First Mortgage is a Government Loan （ FHA, VA, USDA or Conventional Loan.

Saving for a down payment can be a challenge. The part of the loan that serves as the down payment is the second mortgage, where the first and second loans are combined together,
but as I mentioned before, you only need to make the first mortgage （ payment ） payment .

CalHFA Goverment Loan （ FHA ） would be supported by this program for 3 ． 5% （ of the purchase price or the lower of the appraisal value ）.
CalHFA Conventional Loans are supported at 3%.

Closing Cost Assistance Program is called Zip.

It is of course possible to get both this and a down payment, but the first mortgage rate will increase by about 1 ． 25%.
This would increase your monthly repayments, so you would need to do a detailed calculation with your loan officer to determine this.

Even if you purchase through one of these programs, this will not drag on for years, and
California has a higher real estate appreciation rate than the rest of the country, so in 2 ， 3 years you will have Equity and be able to refinance your loan!

Refinancing will also allow you to eliminate things like Mortgage Insurance that you had to pay because of a small down payment.
While you are saving up for a down payment, the price of real estate will go up and up. It may be a good time to consider the buying options discussed here.

There are many things about loans that are not clear.
In such cases, please leave it to Mitsuko Miller.
We provide accurate information so that Japanese people do not lose money without understanding about loans.

Please feel free to contact us.

■ Director's Mgagee ≪ Mitsuko Miller∩ ）
She has worked as a loan officer since 1993. Licensed in California, Oregon and Washington. Has clients throughout the U.S. and can respond to inquiries from Japan.

14405 SE 36th Street, Suite 206, Bellevue, WA, 98006 US
TEL : +1 (206) 679-3371Please mention [Vivinavi]

If we are unable to answer your call, please use the "Send Message" below. If we are unable to answer your call, please contact us by clicking on "Send message" below.

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Currently this program is a lottery and we are not sure about the next one.
We look forward to working with you to prepare for the next one ？ Please feel free to contact us ！

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