Year End Wrap Up | Bay Area Mortgage Brokers | Real Estate Home Loans and Seminars
December 18, 2009
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“The Weekly Wrap Up”
Presented by Jason Wheeler
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So many holiday parties and events this time of year. I hope your December has been filled with some great year end production and you get the chance to enjoy a few holiday parties and some great time with family and friends. Wishing you a great holiday break and a wonderful New Year!!
If you are considering buying a home or looking into a refinance. Give us a call so we can explore the many different options that are available in today’s market place. Furthermore if you would like to network and learn with a community of local real estate investors. Come check us out at one of our local community events. |
Check out the newest and hottest loan programs and let me know if you would like to see if you fit into any of them. We were locking rates in this week at around 5.00% on a 30 Year Fixed with no points this week!
Hot Mortgage Programs at a Snapshot
- 95% Conventional Loans are Back in California!
- Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
- 100% Financing with VA Loans!
- Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers and starting in 2010 $6,500 for 2nd home and investment properties.
- FHA HUD Financing Incentive. $100 down payment gets you in a home!
- Fannie Mae Freddie Mac Refinance Plus! HARP Refinance your home up to 125% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000!
- No Appraisal Required on Home Path Loans. Fannie Mae REO properties
Here we are wrapping up Friday 12/18/2009 Rates have seen an upward trend for the last three weeks and are currently at their highest point in the last 30 days. The last three days we have seen the upward trend pull back a bit.. You can look at weekly rate trends Here.
Three Real Estate Investor Events Coming in 2010!
Investor Forum in Bay Area CA RSVP Here!
Come Network with us and learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!
Connect with Jason Online!
Until Next time Here is to your success! Jason Wheeler 925-285-2172
Weekly Wrap Up 12/4/2009 | Make This December One to Remember!
December 4, 2009
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“The Weekly Wrap Up”
Presented by Jason Wheeler
I hope everyone had a super long Thanksgiving weekend and a productive week back! Many believe that December is not the time to do business because everyone is thinking about the holiday. However December has often been one of my best months historically. Work hard and plant those seeds to start strong in 2010!
A few things I would like to share this week is number one My Reading List that I am building. If you have any good books that have changed how you do business please comment on my page and I will add them to my list.
Articles This Week:
4 Big Reasons EVERYONE should Own a Business
Check out the newest and hottest loan programs and let me know if you would like to see if you fit into any of them. We were locking rates in this week at around 4.75% on a 30 Year Fixed with no points this week!
Hot Mortgage Programs at a Snapshot
- 95% Conventional Loans are Back in California!
- Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
- 100% Financing with VA Loans!
- Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers and starting in 2010 $6,500 for 2nd home and investment properties.
- FHA HUD Financing Incentive. $100 down payment gets you in a home!
- Fannie Mae Freddie Mac Refinance Plus! HARP Refinance your home up to 125% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000!
- No Appraisal Required on Home Path Loans. Fannie Mae REO properties
Here we are wrapping up Friday 12/4/2009 rates have been almost the lowest we have seen as we have been locking loans as low as 4.5% with No Points this week. The last three days we have seen a spike upward trending into next week though. You can look at weekly rate trends Here.
Three Real Estate Investor Events This Week!
Investor Forum in Bay Area CA RSVP Here!
Join us and learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW
Connect with Jason Online!
Until Next time Here is to your success! Jason Wheeler 925-285-2172
Weekly Wrap-Up | Bay Area Real Estate Financing Programs and News
November 20, 2009
Subscribe Via RSS | Free Online Overview | Free Event | Email Us | 925-285-2172
“The Weekly Wrap Up”
Presented by Jason Wheeler
Okay so you have been getting these from me for a while now and I REALLY appreciate your continued support and reading! If you have been finding value in the nuggets I send each week I would truly appreciate if you would forward the info to any colleagues or clients that may find it useful!
Check out the newest and hottest loan programs and let me know if you would like to see if you fit into any of them. We were locking rates in this week at around 4.75% on a 30 Year Fixed with no points this week!
Hot Mortgage Programs at a Snapshot
- 95% Conventional Loans are Back in California!
- Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
- 100% Financing with VA Loans!
- Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers and starting in 2010 $6,500 for 2nd home and investment properties.
- FHA HUD Financing Incentive. $100 down payment gets you in a home!
- Fannie Mae Freddie Mac Refinance Plus! HARP Refinance your home up to 125% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000!
- No Appraisal Required on Home Path Loans. Fannie Mae REO properties
Here we are wrapping up Friday 11/20/2009 rates have dipped a bit lower and have been relatively flat for the past few days with the trend pointing even lower for during next week. You can look at weekly rate trends Here.
Two Real Estate Investor Events This Week!
Investor Forum in Bay Area CA RSVP Here!
Join us and learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!
Connect with Jason Online! | Subscribe Via RSS Feed
Until Next time Here is to your success! Jason Wheeler 925-285-2172
95% LTV Conventional Mortgage Programs are Back | Home Possible and My Community Mortgage
November 20, 2009
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95% LTV is back on Agency Conventional Loans
Borrowers may now get 95% LTV if they meet the following criteria:
- 95% Purchase and Rate/Term refinances
- Specific Affordable Products only (see below)
- Borrower does not have to be a First Time Homebuyer to qualify. However , First Time Home Buyer’s must complete training course.
- 680 Minimum Score Requirement
- 1 unit property only (SFR and PUDs. Condos maxed at 90% LTV)
- 2 months. reserves required regardless of AUS findings
- 3% down payment and reserves must be borrower’s own
- Borrowers can only own 1 property (No 2nd homes or rentals)
- Full appraisal required regardless of AUS findings
- 3% Seller Concessions maximum allowed
- Counseling only required for First Time Home Buyers
- Income limitation waived on MyCommunity program if property is located in a Fannie Neighborhood
- Mortgage insurance must be ordered through Genworth (GE)
- These Genworth overlays apply to product guidelines
- Now available in CA, FL, NV, and AZ
- Standard Conforming Fixed is not eligible. Must fit into one of the below programs
Available Programs:
• Freddie’s Home Possible Doc #5335 (Fixed Rate only)
• FNMA MyCommunity Doc #5325 (Fixed Rate, 5 yr ARM and 7 yr ARMAdditional benefits (see product descriptions for full details):
• Reduced MI coverage available (16% MI coverage). This is a great selling tool against FHA! MI is reduced and unlike FHA, the MI may be removed after 2 years if home has appreciated in value. Borrowers completing GE’s Counseling Saver Program may receive additional rate discount
Connect with Jason Online! | Subscribe Via RSS Feed
Until Next time Here is to your success! Jason Wheeler 925-285-2172
Weekly Wrap-Up | CA Bay Area Mortgage Loans | Real Estate Investor Meetings
November 13, 2009
Subscribe Via RSS | Free Online Overview | Free Event | Email Us | 925-285-2172
“The Weekly Wrap Up”
Presented by Jason Wheeler
Check out the Hot new programs below and up coming Real Estate Investor meetings. Big news this week is that Fannie Mae is positioning itself to become the biggest landlord in the USA! Is this good or just another government takeover? Read about the Fannie Mae Leaseback Program here!
Also check out this article I wrote about Why Everyone should Take Action NOW and get involved with Real Estate. Please check it out and comment as necessary. If you find any value in the information I’m bringing you you can add me on Twitter or Facebook to stay in touch. See the links at the bottom of this message.
Hot Mortgage Programs at a Snapshot
- Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
- 100% Financing with VA Loans!
- Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers and starting in 2010 $6,500 for 2nd home and investment properties.
- FHA HUD Financing Incentive. $100 down payment gets you in a home!
- Fannie Mae Freddie Mac Refinance Plus! HARP Refinance your home up to 125% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000!
- No Appraisal Required on Home Path Loans. Fannie Mae REO properties
Here we are wrapping up Friday 11/13/2009 rates have be relatively flat for the past few weeks with the trend pointing flat for next week. You can look at weekly rate trends Here.
Real Estate Investor Events!
Investor Forum in Bay Area CA RSVP Here!
Join us and learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!
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REAL ESTATE INVESTOR FORUMS SHOWING HOW MANY IN THE BAY AREA ARE MAKING A SIGNIFICANT INCOME IN REAL ESTATE INVESTMENTS AND BUSINESS! AT THIS EVENT YOU WILL MEET MANY SUCCESSFUL INVESTORS AND SEE ACTUAL REAL ESTATE DEALS THAT YEILD A LEGITIMATE FIVE FIGURE PROFIT. CALL NOW 925-285-2172 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!
*This will be a powerful overview of our Real Estate Investment strategies and we will be showing you actual deals that are happening in the Bay Area. We are exploding and looking for sharp people that deserve a better life. Come and learn how to create massive success with Real Estate Investing! Business attire is strongly suggested. Arrive early to network 6:30-7 with entrepreneurs and investors of the community. |
Connect with Jason Online! | Subscribe Via RSS Feed
Until Next time Here is to your success! Jason Wheeler 925-285-2172
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |
What!?! $100 Down Payment Gets you Into a Bank Owned Home in the Bay Area?
November 9, 2009
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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 |
Up to $60,000 Down Payment Assistance In Greater Sacramento | Roseville CA Down Payment Assistance
November 6, 2009
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First Time Home Buyer Down Payment Assistance Program (FTHB) is designed to promote home ownership for low income, first time home buyers. Down payment assistance is in the form of a deferred loan (second mortgage), not due and payable until sale or transfer of property.
Maximum assistance will be in the amount of $60,000.
Income: Eligible participants must have annual incomes at or below 80 percent of the median income for the Sacramento area adjusted for family size. 2009 annual income limits (effective 3/19/09) are listed in the table below:
| 1 person |
2 persons |
3 persons |
4 persons |
5 persons |
6 persons |
7 persons |
8 persons |
|
$40,800 |
$46,600 |
$52,450 |
$58,250 |
$62,900 |
$67,550 |
$72,250 |
$76,900 |
First Time Home Buyer
Eligible participants (both applicant and co-applicant) must meet one of the definitions of a first time Home Buyer as described below:
1. Applicant(s) shall not have owned a home, except a mobile home not affixed to a permanent foundation, during the three years prior to applying for assistance under the City’s Down Payment Assistance Program; or
2. A displaced homemaker who, while a homemaker, owned a home with his or her spouse or resided in a home owned by the spouse.A displaced homemaker is an adult who has not, within the preceding 2 years, worked on a full-time basis as a member of the labor force for a consecutive twelve-month period and who has been unemployed or under-employed, experienced difficulty in obtaining or upgrading employment and worked primarily without remuneration to care for his or her home and family; or
3. A single parent who, while married, owned a home with his or her spouse or resided in a home owned by the spouse.A single parent is an individual who is unmarried or legally separated from a spouse and has one or more minor children for whom the individual has custody or joint custody or is pregnant; or
4. An individual or individuals who owns or owned, as a principal residence during the 3-year period before the purchase of a home with HOME assistance, a dwelling unit whose structure is: not permanently affixed to a permanent foundation in accordance with local or state regulations; or not in compliance with state, local, or model building codes and cannot
Applicant Priority
Eligible participants who have lived or worked in the City of Roseville for a minimum of one year prior to applying for assistance under this Program will receive first priority for assistance.
1. Provide minimum of a 1% down payment, the source of which cannot be a loan.
2. Prior to being accepted as a program participant (but not required prior to application for the program), provide Sacramento Home Loan Counseling Center’s Home Buyer’s Seminar certificate of completion for all three classes (Home Buying Process, Budgeting, Home Maintenance/Good Neighbor), for a total of 8 hours of class training.For additional information contact the Home Loan Counseling Center at 916-646-2002, visit their website for current class schedules www.hlcc.net or contact the City’s Housing Division office at 916-774-5270.
The home selected must be located within the City limits of Roseville.The home must be owner-occupied or a vacant unit.For sale rental property occupied by a current tenant is not eligible for the Down Payment Assistance Program, unless the current tenant will also be the home purchaser.
Type and Condition of Home
Single-family dwellings, condominiums, half-plexes, and manufactured homes are eligible for purchase under the Program.Any dwelling purchased with assistance under this Program must be on a permanent foundation and must be of appropriate size and number of bedrooms for the number of persons in the purchaser’s household.
The City will inspect the dwelling for compliance with Housing Quality Standards (basic health and safety requirements).Any violation of these standards must be corrected prior to City’s final approval of down payment assistance for the unit. (NOTE:Exceptions can be made if homebuyer is using 203(k) financing, for the first mortgage. 203(k) is a federally funded program which allows the homebuyer to finance both a mortgage and a rehabilitation loan into one primary loan.)
Purchase Price
The purchase price of the house cannot exceed $441,750, which is 95% of the median purchase price for the City of Roseville. The individual participant’s maximum purchase price will be calculated based on the maximum first mortgage amount and City assistance (City assistance will be based on purchaser’s need and available housing stock for sale).
The City’s 0% loan is a deferred, shared appreciation loan, 30-year loan, secured by a promissory note and deed of trust. No payments are required as long as the home remains the primary residence of the qualified low income, first time home buyer. The loan for the first mortgage must be a 30-year fixed term loan. No temporary interest rate buy downs will be permitted.
Recapture of Investment
Shared Appreciation: The City will share a portion of the net profit the purchaser would make in subsequent sales, based on the original 2nd mortgage value divided by the market value of the home. The note will be due and payable upon sale of the property, change of use, unapproved refinance or change of ownership.
The City of Roseville’s Housing staff will monitor annually to insure the home has remained the program participant’s primary residence. This monitoring may require contacting the homeowner annually.
Fill out an interest form (see below). When we have received your interest form you will receive an application packet. You will need to provide a prequalification letter of your loan eligibility with your completed application.
Once we have received your completed application and prequalification letter, your name will be placed on a waiting list.
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |
This Content was originally published on the City Of Roseville CA City Website
NO Appraisal Required on Home Path Loans | Fannie Mae Home Path Program For Bay Area Buyers
November 6, 2009
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The Home Path Mortgage Program offered for Fannie Mae owned properties is a great way to go if you qualify. There are some key benefits to financing your new house with the Home Path Program. We are experts at getting you qualified and closed.
Some of the best benefits of the Home Path Program are
- A low 5% down payment. The only program that is lower is FHA
- You don’t have to have great credit in order to qualify for this program. If you have a 640 FICO you qualify!
- Available for primary homes, 2nd homes and Investment Properties!
- Down payment can be funded with a Grant, Gift or a Loan. No other program allows this
- No Mortgage Insurance Required
- NO APPRAISAL!!
- Flexible terms of 30 year 20 year or 15 year. ARMs Fixed and Interest Only
If you or someone you know is looking into creative programs for today’s lending market Jason Wheeler and Cobalt Financial Can help you!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |
Bay Area Mortgage Rates and Programs | 125% LTV Refinances | Bank Bailouts Hose the Consumer
November 5, 2009
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Hot Home Mortgage Programs!
- FHA 203K Rehab Loan. Perfect for today’s REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
- Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
- 100% Financing with VA Loans!
- Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers.
- Fannie Mae Freddie Mac Refinance Plus! HARP Refinance your home up to 125% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000!
Rates 11/05/2009
- 30 Year Fixed Conventional $417,000 and Below 4.75% NO Points
- 30 Year Fixed High Balance $417K to $765k 5.375% NO Points
- 5/1 Conventional ARMs at 4.00% NO Points
Rates are subject to changes without notice not everyone will qualify for any given program. Call 925-285-2172 for consultation and pre approval. If you have questions about qualifying for any of the programs above or if you just like to learn more, we take a professional approach to helping you find the best solutions for your unique situation.
Bank Bailouts Find Another way to Hose the Consumer! learn why the artificial rates are helping to get people to buy houses! Watch your credit cards!!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |
Fannie Mae Refinance Plus Loans | CA Bay Area HARP Loans
November 4, 2009
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The Fannie Mae DU Refinance Plus loan or HARP (Home Affordable Refinance Program) has become quite popular in the CA Bay Area for homeowners that are struggling to make their current mortgage payments. Some of the benefits of the HARP loan are as follows.
- There are no minimum credit requirements.
- You can refinance a current first mortgage up to 125% of the homes current Appraised value.
- You can subordinate a 2nd mortgage to an unlimited CLTV
- Mortgage Insurance is NOT required for this loan.
If you or someone you know would like to find out about qualifications don’t hesitate to get in touch with us today. We are happy to answer any questions and address concerns to find the right loan program for you!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Area Event |
