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Brad Yzermans
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FHA, VA, USDA, CalHERO & CalHFA California Direct Mortgage Lender & Servicer - NMLS #315238
FHA, VA, USDA, CalHERO & CalHFA California Direct Mortgage Lender & Servicer - NMLS #315238

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The Community Home Advantage Program (CHAP) is a community based assistance program designed to expand the availability of credit and promote fair and affordable lending to homeowners and buyers purchasing a home in targeted communities, cities and zip codes within California.

Eligible counties in California are San Diego, Orange, and Los Angeles County.

Read Details here ==> http://homeloanartist.com/community-home-advantage-program-chap/

Applicants do not have to be first time home buyers and there are no income restrictions.
#CHAP #homebuyerassistanceprogram
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Mortgage guidelines for borrowers with #studentloans debt in an Income Based Repayment (IBR), Income Driven Repayment plan, PAYE, REPAYE, or Graduated repayment plan have changed again!

Read Here ==> http://homeloanartist.com/mortgage-guidelines-student-loan-income-based-repayment-ibr/

Find out what the differences are when applying for an FHA, VA, USDA or Conventional loan when it comes to Income Based Repayment (IBR) student loans debt.


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The Dream Makers down payment & closing cost assistance grant helps qualified Military, Veterans, Active Duty, Reserves, and National Guard first time home buyers with low to to moderate income.

Dream Maker grant funds are a 2-to-1 match. For example: If the buyer contributes $2,500, Dream Maker will provide grant funds of $5,000, for a total of $7,500.

Read details of the Dream Maker Grant here ==> http://homeloanartist.com/dream-makers-homebuyer-assistance-grant-veterans-military/

#militarymortgage #veterans #activeduty #reserves #nationalguard #calhero #downpaymentassistance 
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BREAKING NEWS: FHA flip flopped and decided to reduce their monthly mortgage insurance premium by another .25%!!

This will help people save money when they refinance or purchase or even increase their buying power.

Are you familiar with the 4 most common FHA loan alternatives I mention in this article? ==> http://homeloanartist.com/fha-mortgage-insurance-premiums-reduced-2017/

#FHA #mortgageinsurance
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2017 Riverside County, CA FHA, VA and Conforming loan limits are on the rise.

The government agencies Fannie Mae, Freddie Mac, FHA, and the VA update and publish new county loan limits for their mortgage programs.

- 2017 FHA loan limit in Riverside County is $375,500
- 2017 Riverside County VA loan limit at $424,100
- 2017 Riverside County Conforming loan limit is $424,100

Read details on how you can exceed the 2017 Riverside County loan limits here ==> http://homeloanartist.com/riverside-county-fha-va-conforming-loan-limit/ #california #riversidecounty #fhaloan #valoan #loanlimit


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The HELP down payment assistance program provides a 4.5% grant for eligible homebuyers in California to support responsible and sustainable homeownership.

HELP Homebuyer Grant Eligibility
- Minimum 650 credit score
- DO NOT have to be a first time homebuyer
- Non-occupied co-singers are allowed
- Borrowers can own other properties
- Must be owner occupied
- 1-2 unit single family residence

*Check your counties HELP program income limit here ==> http://homeloanartist.com/help-down-payment-assistance-grant/*

#california #downpaymentassistance #firsttimehombuyer #grant


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California's 2017 Conforming Loan Limits have gone up for FHA, VA, and Conventional mortgage programs.

Loan limits in California's high-cost counties have also increased.

Check your county's loan limit before you apply for a mortgage

Search here ==> http://homeloanartist.com/california-fha-va-conventional-conforming-loan-limits/

#California #Loanlimit #Mortgage #Jumbo #FHA #VAloan

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How to Purchase or Refinance a Home with a HERO PACE loan or Lien on Title

Both the FHA and VA announced they will allow current homeowners to refinance and retain their HERO PACE loan in 2nd position.

Read details here ==> http://homeloanartist.com/purchase-refinance-home-fha-va-hero-pace-loan/

FHA and VA will also allow buyers to assume the sellers energy efficient HERO PACE loan when certain criteria are satisfied.

And for any homeowner who wants to refinance into a Conventional loan and remove or eliminate PMI, Fannie Mae will allow their new HomeStyle Energy loan to pay of a HERO loan and not be counted as a cash-out refinance.

#HEROProgram #energyefficientmortgage #FHAloan #VAloan #California #Refinance
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Conventional financing now allows lenders to contribute up to 2% towards a buyers actual down payment, allowing buyers to only need 1% down!!

Read about the new Conventional 1% down payment program here ==> http://homeloanartist.com/california-1-percent-down-payment-conventional-mortgage/

This is essentially a Lender Paid Down Payment program to make buying easier and more affordable.

- DO NOT have to be first time homebuyers
- This is NOT a state housing agency grant or non-profit assistance program
- The 1% can be gifted from a family member

STUDENT LOAN DEBT STOPPING YOU FROM BUYING?
This program will use the IBR/IDR payment reporting on credit for buyers who have student loan debt....making it easier to qualify.

#1percentdownloan #downpaymentassistance #Mortgage
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Educational Guide on How to buy a Rent-to-Own Home. 
How Does Buying A Rent To Own Home Work?
Buyers who don't have the cash available to buy a home or cannot obtain mortgage financing often wonder how rent to own homes work.

Are they good? Bad? It depends on each persons scenario whether they are the right fit and it's important buyers do their research!

As with most things, there are PROs and CONs to buying a rent to own home. Over on +Rochester's Real Estate Blog we explore many of the most common PROs and CONs to buying a rent to own home.

The article can be found at http://www.rochesterrealestateblog.com/buying-rent-to-own-homes-real-estate/

Be sure to check out the additional resources throughout the article from +Bill Gassett via +Storify, +Bankrate, and +Total Mortgage Services!

If you find this article helpful, please consider sharing it socially.

#realestate   #homebuying   #renttoown  
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