February 5, 2012

Contra Costa Real Estate Market Trends Nov 2011

RealEstateTVshowcase.Com Here’s my November, Contra Costa Real Estate Market Trends Video including my Special Report on 2012 California Real Estate Market Forecast presented on Mov 3 by the Robert A Kleinhenz, Deputy Cheif Economist from CAR

You can apply quickly by inquiring here

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Some of the Loan Options we Specialize in Are

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KRON Morning news with Bay Home & Window Shutter company in the San Francisco Bay Area.

BayHomeAndWindow.com. An interview with Jeff Falcon, President of Bay Home & Window Shutter company, How plantation shutters are energy efficient. Also discussed are ways plantation shutters can be used in home decor and which materials are best in any given enviroment.. Bay Home & Window is located in Pleasanton Ca and services the greater San Francisco Bay Area.

You can apply quickly by inquiring here

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Some of the Loan Options we Specialize in Are

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Virtual TOUR – Beach House for Sale in San Francisco Bay Area

Beautiful Ocean View 2 Story Home Five Bedrooms, Three and a Half Bathrooms with Two Fireplaces 3550 sq. ft. of Living area and situated on a 8800 sq. ft. View Lot Upstairs: Living Room Family Room Kitchen Sun Room Office or 5th Bedroom Bathroom Deck with Mountain Views Ocean Views from Front of Home Central Fireplace Hardwood Floors Downstairs: Two Large Master Suites, one with Fireplace Two Additional Bedrooms Three Full Bathrooms Laundry Room Patio and Hot Tub . CALL 650-728-0925

You can apply quickly by inquiring here

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Some of the Loan Options we Specialize in Are

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How to Successfully Negotiate Credit Card Debt Payoff 9 Easy Steps to Debt Freedom and Credit Repair in the California Bay Area

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I talk to people all the time who are in over their head with credit card debts and have just spent too much money… They just don’t know how easy and affordable it really could be to pay off all that debt you’ve racked up over the years.

The sad fact is that the problem will not just go away! You must address the situation somehow in order to move forward financially. If you truly are in over your head a bankruptcy may be your best option. But before you go that route follow the steps below and learn how easy it could be to truly become debt free.

Follow these nine steps and with some time and some work you can become debt free and fix your credit scores!

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Top Nine Tips to Getting Your Credit Fixed

Get your ducks in a row. Get educated on your State Laws on Debt Collections and visit your states Department of Consumer Affairs. Also reference the Federal Trade Commission. The reason you should spend the time to do this is that collectors are less likely to harass you and you are more likely to get a settlement when you are educated and know what you’re talking about.

Get a copy of your credit report! Federal law says you are entitled to a free credit report annually take advantage of this and stay educated on how your credit report looks. NEVER consent to having your calls recorded… By law they must inform you that you are being recorded and they must have you consent. If you do not speak up and tell them they don’t have permission to record you then the concent is implied and any recording can be used against you.

Download a Debt Reduction calculator that can help you see the different options available to pay down your debts. There are some great free calculators in Excel form that you can Download for FREE. I personally have found many of the resources at http://Vertex42.com to be very helpful.

Call your creditors and let them know you would like to negotiate a settlement… Ask for a lower interest rate. If you’ve been making payments on time, you should have no trouble negotiating rates that are at least 2 percent below the national average. Even if you haven’t been making payments on time, it’s worth a phone call to see whether you can cut your interest rate slightly.

Request that fees, such as those for making late payments, using “free checks” and accessing money through ATM’s, be waived. Some credit card companies won’t budge on these fees. Others are surprisingly willing to negotiate.

Set up a payment plan. If you’ve been making your payments in a timely manner, most credit card companies won’t negotiate much on payment plans. However, if you’ve been unable to pay for several months, you may find them willing to work with you to set up an affordable plan. After all, they’d rather get their money slowly than not get it at all. If you are to set up a payment plan we recommend starting with an offer of 60% to 65% of the outstanding debt with a 5 year amortization.



 

Offer a lump-sum settlement of about 25 percent of the total balance. If you are months behind on your credit card payments many companies will jump at the chance to collect 25% of the account in one lump sum and be done with it! This can be a huge discount on what you already owe.

Get all negotiated deals about your credit card debt in writing. Debt collectors are ruthless and will do whatever it takes to get you to pay now! NEVER make an agreement to pay over the phone, and get all agreements in writing. You may also want to review and learn your states laws on debt collection and reference to them often when you are speaking to your creditors. They will be very wary of you if you are educated on what they can and can not say and do.

Denied due to bad credit?Get your Credit Repaired by a reputable affordable credit repair company. Be very wary of anyone that wants to charge hefty fees up front with no promises or guarantees. There are a ton of companies out there now preying on people that need help. I’ve been in the business of helping people with financing since 2003 and hands down the best value in credit repair when it comes to making it affordable and getting results is Lexington Law. Once your credit is repaired the most important thing to remember is DON’T MAKE THE SAME MISTAKES TWICE!

Some of the Loan Options we Specialize in Are

Call or Email Us now for a Quick Approval and Personalized Quote

Don’t forget to leave us a comment and share this article with those you know that are struggling with debt!

Until Next time Here is to your success! Jason Wheeler

10 Reasons to Finance Your California Bay Area Real Estate with Jason Wheeler and C2 Financial Mortgage

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I’ve been helping people finance their real estate since 2003 and I’m very proud to announce my partnership with one of the premier Mortgage Companies in the entire United States!C2 Financial has been a premier broker since 2007 and with today’s volatile mortgage market C2 has the relationships with the lenders you need in order to make an informed decision on your next mortgage.

As a Mortgage Originator since 2003 my commitment is to help you find the best loan given your unique mortgage scenario with the most competitive pricing to rival any retail lender, and get your loan closed in a timely manner on weather you are in need to buy a home or refinance your current mortgage.

With over 60 strategic lending partners including Wells Fargo, US Bank, and many key private money partners just to name a few. We also are able to help with loans that have been rejected or declined from a traditional retail bank that adheres to the strict Fannie Mae and Freddie Mac Guidelines. Here are are ten reasons you should work with us on your next Mortgage Loan.

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  1. Key relationships with over 60 banks that lend in California like:
    • Wells Fargo
    • US Bank
    • Sierra Pacific Morgage
    • Flagstar Bank
    • Provident Funding
    • Coastal Lending Portfolio Lending
    • And many niche lenders that work outside the box
  2. Technology to shop your loan scenario with over 30 banks in 15 minutes
  3. Premier rating with the Better Business Bureau
  4. We have the ability to fund loans that don’t fit into tight Fannie Mae Freddie Mac Guidelines
  5. Personal service provided by a professional right in the CA Bay Area
  6. Consults and questions are always answered for free
  7. Rates that beat the National Average every day
  8. Experience through the tough economic times to close your difficult loan
  9. We work very close with Realtors and everyone on your team to buy your home
  10. Programs include Government FHA Loans, HARP Loans Conventional and Jumbo Financing

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I’ve built my business by serving my clients above and beyond so they will refer me to their friends and family for loans all over California. Client and family members don’t hesitate to testify to our dedication to get your financing.

So remember if you are looking to buy or refi your real estate in the California Bay Area most of the client we serve reside in San Francisco, Oakland, San Jose, Concord, Walnut Creek, San Leandro, Orinda, Lafayette, Pleasanton, Danville, San Ramon and Walnut Creek however we process loans as far as Los Angeles and San Diego. Investors and buyers in Placer County are also more than welcome to Contact Us for a free consult anytime.

Until Next time Here is to your success! Jason Wheeler

Banks Listing Fewer Foreclosures | Buying Real Estate Without a Mortgage in California Bay Area

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Fewer Foreclosures on the Market | Banks are Holding Real Estate Learn to be a Cash Buyer

I talk to Realtor’s and Real Estate Investors everyday throughout the SF Bay Area. Many believe that there are more foreclosures being held by banks than there actually are right now. You might be surprised that the banks on a nationwide level are not holding as many foreclosed homes as originally thought. In many cases they Foreclosuresarea simply letting people live in these homes for free without paying a mortgage.

I personally know several families and individuals that have been living without foreclosure proceedings and without paying their mortgage for 6 months, one year and even up to two and half years in Pleasant Hill California, and all over the Bay Area. However there will be another major wave coming throughout the next two years. The next foreclosure wave is inevitable. The real question is are you going to capitalize as a cash buyer or are you going to be stuck like millions of other Americans that don’t fit into the banking mortgage box?

The Wallstreet Journal Says

Banks have fewer foreclosed homes to sell than previously believed, but those holdings are likely to grow gradually over the next couple of years, a new study by Barclays Capital says.

The investment bank’s latest calculations support the view that the U.S. housing market is stabilizing but that a major recovery isn’t imminent and there are still risks of falling prices.

Barclays estimates banks and mortgage investors including Fannie Mae and Freddie Mac owned 480,000 homes at the end of February. Barclays has acquired more data on mortgages and refined its methods for analyzing foreclosure trends. Under the bank’s previous methods, the estimate for February would have been more than 600,000.

Barclays expects the inventory generally to rise over the next 20 months, peaking at 536,000 in January 2012, and then decline gradually.

Is There Still Time to Capitalize on Real Estate Investment Opportunities?

Absolutely! If there is any truth to the Wall Street Journal there will be more millionaires made in real estate investing right here in the Contra Costa Bay Area than ever before in the next two years. If you would like to learn how to get started and learn how you can buy property without qualifying for a traditional mortgage let us know. We have aligned ourselves with a source that let’s us buy property without the mortgage hassle! You can come to an educational networking event or attend a webcast. Just let us know if you would like to attend an educational networking event to learn.

What Do I Do to Become a Cash Buyer and Avoid the Mortgage Process?

There are more sources than you might think to purchase property and fix it without using a traditional conventional mortgage or a government mortgage. If you would like to learn about these recourses just subscribe to our news letter on the top right of this page or Contact Us and ask about buying property without a mortgage and without your own money. We don’t look at your credit and we will qualify you as long as you can show you can afford the payments we’ve worked out. You can also pick up a great book to get started by Mike Watson on how to Buy Without the Bank to the right

If you are serious about buying a home and you area tired of trying to fit into the Mortgage Lenders teeny tiny box you need to learn about this program as soon as possible. You can register for an event or just give us a call. We would be happy to chat with you and pre qualify you for this unique program right here in Contra Costa County East Bay Area.

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Until Next time Here is to your success! Jason Wheeler

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Bay Area Real Estate Financing Updates 4/9/2010 | FHA Fees Go from 1.75% to 2.25%

Hope you had a wonderful Easter Weekend and Spring Break! If you got to get away or spend some extra time with you family this week well that is what life is really all about. I am still hoping to sneak up to the snow once more before it all melts and the runs close for the year.

This week I wanted to pass along a couple of relevant articles that I hoped you would find to be valuable. Also if you would like to attend one of our events please don’t hesitate to ask me about them. They are great for networking and learning and they are FREE too!

Real Estate Investor Events This Week!

Investor Forums Networking and Education in Bay Area CA RSVP Here!

This is your opportunity to learn from pros that are making local deals. If you would like to get started and work with a team of professional real estate investors you absolutely deserve to receive the information that we will be sharing this evening!

If you would like to network and learn with people who are truly creating success with Real Estate Investing in today’s market you don’t want to miss this.

Relevant Articles

Details on the CA Real Estate Tax Credit were released on April 7th and you can get all the official details right here!

The rate that the government charges to insure FHA loans wend from 1.75% of the loan amount to 2.25% last week. That makes if much more expensive to get one of these loans. More Info Here!

Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25 percent up from the current 1.75 percent.

Financing Trends

Here we are wrapping up Friday 4/9/2010. Mortgage rates are still extremely low. Some of the niche programs for first time buyers and tax credits are still available.

You can look at weekly rate trends Here

If you have financing questions, or want to learn more about what we are doing as Real Estate Investors? Or if you are looking for new income or lending sources… Don’t hesitate to get in touch with me anytime! Right now we have access to over 300 non traditional lenders looking to give you money for your real estate deal.

Until Next time Here is to your success! Jason Wheeler 925-285-2172

Is Bank Of America Actually Offering Mortgage Principal Reductions | CA Bay Area Financing

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Bank of America Claims to be Offering Mortgage Principal Reductions. Have You Heard of ANY Success Stories?



Bank Of America to Reduce Principal for Distress Home Owners

Bank of America, the nation’s largest mortgage lender, on Wednesday announced a program to offer homeowners who owe significantly more than their homes are worth the opportunity to have their loan balances reduced.


 

 

I’ve done some personal research on this program and from what I heard on the news today it’s a very interesting. If a homeowner owes more than 120% of the value of their home but wants to keep it, B of A essentially forgives interest temporarily. (Another way to look at it is they set the interest rate at -0-.)

Then they set a payment they think the homeowner can afford, and 100% of the payment goes to principal reduction until…

The balance of the loan drops down to the then-current value of the home. Then interest kicks in again, presumably at the original terms, although I don’t know that for sure.

Note that B of A doesn’t give up any principal, but rather gives up interest — but only for a fairly short time.

Financing Trends

Here we are wrapping up Friday 3/25/2010. Mortgage rates are still extremely low. Some of the niche programs for first time buyers and tax credits are still available.

You can look at weekly rate trends Here | Popular Funding Programs

If you have financing questions, or want to learn more about what we are doing as Real Estate Investors? Or if you are looking for new income or lending sources… Don’t hesitate to get in touch with me anytime! Right now we have access to over 300 non traditional lenders looking to give you money for your real estate deal.

Connect with Jason Online!

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

$10000 & $8000 Home Buyer Tax Credit Extension in California | Get Approved Today

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California Tax Credit Extension | What You Need to Do to Recieve the Extended Funds in 2010


Great News for home buyers! Despite declining home sales for the entire first quarter of 2010 The CA house has decided to extend the home buyer tax credits. The Governor signed the bill in Fresno CA.

New California First Time Home Buyer Tax Credit Highlights How To Qualify

  • $200 million in funds available on a first come, first serve basis – could help over 20,000 home buyers
  • New homes for any taxpayer and new/existing homes for first time home buyers
  • “Qualified principal residence” means a single-family residence, whether detached or attached, that is purchased to be the principal residence of the taxpayer, is eligible for the homeowner’s exemption under Section 218, and has either never been occupied or is purchased by a first-time home buyer.
  • $10,000 tax credit or 5% of purchase price (whichever is lower)
  • Credit given in 3 payments to a taxpayer’s personal income tax returns over 3 year period

According to the San Francisco Examiner
The first-time home buyer tax credit extension and expansion has won Congressional approval and is on its way to President Barack Obama. He’s expected to sign the measure as early as tomorrow. The U.S. House of Representatives, this morning, voted 403 to 12 to pass the measure, following unanimous U.S. Senate approval yesterday. The measure was passed as part of unemployment benefits extension legislation H.R. 3548. The extension and expansion of the popular first-time home buyers tax credit gives both new and move-up buyers a tax incentive to buy a home until at least April 30, 2010, longer for military personnel.

So What Steps To Take in order to Receive the Home Buyer Tax Credit in California?

  1. Get in Contract on a Home – Before you can apply for the tax credit you must be in contract on a home. There are several steps you must take to be successful in finding and closing on a home in the California Bay Area and surrounding cities. The first step anyone should take in finding a home is find out how much you can afford without breaking the bank. Homes in the California Bay Area while very inexpensive relative to five years ago, are still very desirable and more expensive than many other places in the state or even in the entire country for that matter. The best way to find out what you can afford when buying a home is to get a referral or find a good qualified Mortgage Broker or Loan Officer in the local area that you plan to buy in. You can find a detailed how to step by step guide for buying a home at our 10 Essential Tips to Buying a Home in the California Bay Area!
  2. Apply For the State Tax Credit – You must fill out CA and Federal Tax Forms in order to receive the credit in a timely manner. You can learn more about and download the proper forms to receive the tax credit at the California Franchise Tax Board site.

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

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Building Your Business and Real Estate Portfolio Locally and Nationwide

Article by Jason Wheeler | Read our Feed | 925-285-217

Our mission is to provide clients and investors with exceptional services through the intelligent application of real estate investing strategies and the latest mortgage financing options available today. We are dedicated to helping you build a profitable business and real estate portfolio.

Through many of our strategic partners we can help provide the following.

Call or Email Us now for a Quick Approval and Personalized Quote 925-285-2172


 

 

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  • Financing for Your Real Estate – If there is a loan product in the conventional market that you qualify for we will get it for you. We have no allegiance to any one bank and always work for you. We can also provide private transactional funding for your short term Real Estate investments.
  • Transactional Funds for Real Estate Investors as low as 2.25%
  • Real Estate Investment Education – Have you thought of creating an income through Real Estate Investment strategies? If so you can benefit from one of our FREE Events. Learn our unique model in real estate investments and create a long term source of wealth and security.
  • Foreclosure Relief – If you are in a hardship or cannot make your current payments you need to speak with us. Did you know that there are several ways you can avoid going through a foreclosure and often times save your home.

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Call or Email Us now for a Quick Approval and Personalized Quote 925-285-2172

REI Capital Solutions Group was founded by Jason Wheeler. Jason has been practicing in Real Estate Finance and Investments since 2003. His main passion is to help the average consumer create success through building a successful business foundation and real estate portfolio. Jason served his community in Pleasant Hill, CA in the East Bay Area as the Vice President of Government Affairs for the Pleasant Hill Chamber of Commerce Board of Directors from 2006 to 2009..

Jason’s key to success is always finding a mutually beneficial transaction for everyone involved in his real estate transactions and investments. Jason will help you get the knowledge you need to create a significant income in real estate investments and connect you with a network of thousands of investors nationwide that want to help you succeed in Real Estate Investing.

EDUCATION: Education is the key to having success in just about any endeavor or skill we believe that in order to be successful in Real Estate Investment endeavors you must understand the various strategies that you can implement including. We can introduce you to top notch trainers that specialize in strategies like Creative Financing, Buying without using you own money or credit, finding wholesale real estate deals and much much more. You will learn from successful practitioners in the real estate investment field that bring up to date start to money systems for you to implement.

CASH FLOW PROPERTIES: If you are interested in diversifying your investments to include income-producing properties, we can introduce you to a complete turn-key solution: a national network of real estate acquisition and management professionals who can deliver cash-flow-positive, instant-equity properties in great rental markets around the country with as little as 10% down. You can literally shop for great rental properties online. Key services include property acquisition, property management, tenanting services, incorporation and tax services, and much more .You will have direct access to full comps or appraisals, mortgage documents, photos of the property and full financial’s. Contact us for a free online tour of currently available properties.

INCOME: Do you have a strong sales and marketing background? Are you highly ethical, strongly money-motivated, and interested in learning investing? Contact us to find out how you can join our outstanding team. We do not put a cap on your up-side potential. We pay for results.

COMMUNITY: Do you believe that investing is a team sport? We do! We can introduce to you a network of over 12,000 investors, brokers, lenders, lawyers, accountants, agents, property managers, deal locators and instructors so that you always have someone to consult to provide support, mentoring, advice and assistance with your next deal.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Event |

Testimonials and Reviews for Jason Wheeler

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

Leave a Comment or Question Below we Answer Each One!Until Next time Here is to your success! Jason Wheeler 925-285-2172 |
 

Concord California First Time Home Buyer Down Payment Assistance Program

First Time Homebuyer Program Concord CA

What is the First Time Homebuyer Program?

It is a second mortgage loan program to assist qualified low-income individuals with the purchase of their first home.

What are the maximum income limits and FTHB loan amounts?

Income eligibility is based on Household size. The maximum loan amount is determined by the income bracket of the household. Households earning at or below 100% of Area Median Income are eligible for up to a $40,000 loan. (Refer to household size at all income levels)

How much money can I borrow?

The maximum loan amount is 20% of the home sales price, or appraised value, whichever is lower, up to the maximum of $40,000 based on household income and household size.

Household Size 60% of Median* 80% of Median* 100% of Median*
1 $37,500 $46,350 $62,500
2 $42,840 $53,000 $71,450
3 $48,240 $59,600 $80,350
4 $53,580 $66,250 $89,300
5 $57,840 $71,550 $96,450
6 $62,160 $76,850 $103,600
7 $66,420 $82,150 $110,750
Maximum Loan Amount $40,000 $30,000 $20,000

* As of April 2, 2009

Who is eligible for a loan?

Borrower must be a first time homebuyer, which is a household that has not owned a home within the past three years. Borrowers must be able to qualify for a first mortgage from a participating lender. The homebuyer must provide a minimum of 3% of the purchase price.

What homes are eligible for purchase?

Homebuyers may purchase an existing single-family detached home, condominium, or townhouse located anywhere within Concord City Limits.

What are the loan terms?

  • Borrower’s Disclosure (currently being updated)
  • The loan is a zero-interest, 15-year loan. Loan payments are deferred, with the loan being due at the end of 15 years or earlier if the house is sold.
  • The City loan carries shared appreciation, when the home is sold. For example, if the original sales price is $200,000 and the City loan is $20,000, the City’s "share" of the appreciation is 10%. At the time of sale or refinance to pay off the City loan, 10% of the appreciation will need to be paid to the City. When the City loan is paid off the shared appreciation obligation ceases.

Inclusionary Housing

The FTHB Program may be used in conjunction with affordable units generated through the Inclusionary Zoning Ordinance to purchase a new home. The income eligibility is based on household size and is allowable up to 120% of Area Median Income cap ($107,150 for a family of 4). In cases where the FTHB Program is used to purchase an Inclusionary unit, the loan may be increased up to $50,000. This increase is intended to encourage low and moderate-income families to purchase inclusionary units, which are subject to the 45-year deed restriction. Although new inclusionary units are not for sale at this time, units are anticipated to be built over the next few years.

Are there any other requirements?

  • Borrowers must attend a City-approved FTHB Counseling Workshop. Schedule a free workshop online through www.Crediteducation.org Classes are typically held within Concord at least two Saturdays per month.
  • A home purchased under the FTHB program must be, and remain, the borrower’s principal place of residence. The property cannot be leased or rented during the term of the City loan.
  • Persons with ownership in most real estate assets are not eligible.
  • Funds are limited. Assistance is provided on a first-come, first-served basis, as long as funds remain available.

For First Time Home Buyer classes schedule on-line at: www.crediteducation.org.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |

$100 Down Payment Gets you a Bank Owed Home in Contra Costa CA Bay Area

What?!? Did you just say that just $100 down payment can get you into a home. What kind of program is the FHA and HUD sales Incentive Program anyway? Because of the foreclosure wave and FHA continuing to struggle and the possibility of more government stimulus being pumped into the FHA they must get those darn bank owned homes off their boos so they can do what they are meant to. LEND and make homes affordable!!

So what are the incentives and advantages of the the FHA and HUD Sales Incentive?

  • 110% Loan to Value is allowed in most counties
  • $100 down payment when you use FHA financing
  • $5000 sales credit allowed from FHA for repairs at closing using FHA
  • 3% HUD allowed for closing cost assistance.

So with all these awesome benefits how the heck to I qualify. Well only HUD owned homes can use this program. You can find a HUD Owned Home Here and only owners who intend to occupy the home are eligible. If you would like to see if you or a friend qualify all you have to do is call us and we can get you qualified in 10 minutes.

Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |

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