Great Down Payment Assistance Program Available in Sacramento, Placer and Yolo Counties.

Ever feel as though you just do not fit the mold for Down Payment Assistance Programs?

Unfortunately, many home buyers do not qualify for Down Payment
Assistance Programs because they have too much annual income. lying couple on grass and dream three cloud houses collage
Lack of a down payment for a home, even though you can afford the monthly payment can be very frustrating because it is difficult to save money for a down payment.
Great news, the Purchase Advantage Loan (PAL) may just be the perfect solution for you. PAL is a fully amortizing second loan for down payment assistance and closing costs and when paired with a conventional first loan there are no income limits. The minimum loan is $10,000 and the maximum loan is $15,000 at 5.5% fixed rate/6.574 APR for 10 years with monthly payments.
The PAL is an owner-occupied loan only. The minimum FICO score is 650 and all collection accounts must be paid in full before closing. The buyer’s minimum investment is 1% of the sales price. At close of escrow the buyer cannot own any other real estate. Also, the buyer must attend an eight hour homebuyer education course provided by NeighborWorks.
Email or Call Kathleen Beck-Mortgage Lender today to find out more about this great program. or 916-722-0395.

Please call or email me with any questions… Let me help make your dream of home ownership come true. I specialize in finding you the right loan that meets your specific needs and financial goals. With mortgage rates still near historic lows, make this year the year to make your home ownership dream come true. Please email me today or call 916-722-0395 to get started on your dream of home ownership. Kathleen Beck A person you can count on. West Coast Mortgage Group 2716 Broadway Sacramento, CA 95818 NMLS#243181, BRE#01058848.

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