Contra Costa Releases Six Billion Dollars in Federal Funds for First Time Buyer Programs
January 8, 2010
“The Weekly Wrap Up”
Presented by Jason Wheeler
First week of 2010 down! I hope you were able to grab the momentum of the new year and start things off right.
By the way…if you are thinking about a purchase a new home you should know that the Federal Tax Credit of $8,000 to first time home buyers is due to expire in April of 2010. Get crackin and buy something! When was the last time in history you could buy a home at these prices get a loan under 5% and have the government pay you $8,000 to do it? These are truly unique times we are in.
Did you know that Contra Costa County is releasing 6 Billion dollars this month for the Mortgage Credit Certificate Program? This is s huge opportunity for your borrowers to take advantage of a little known government program that can save thousand each year!
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 Loan 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 1/8/2010. Mortgage rates finally saw some relief after rising for four straight weeks since hitting record lows back in early December, according to mortgage financier Freddie Mac.
The popular 30-year fixed averaged 5.09 percent during the week ending January 7, down from 5.14 percent a week earlier, but slightly above the 5.01 percent average seen a year earlier.
The 15-year fixed fell to 4.50 percent from 4.54 percent, and sits just below the 4.62 percent average seen this time last year.
The five-year adjustable-rate mortgage remained unchanged at 4.44 percent, while the one-year ARM slipped two basis points to 4.31 percent.
A year ago, the five-year stood at 5.49 percent and the one-year averaged 4.95 percent.
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!
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
Subscribe Via RSS | Free Added Value | Free Event | Email Us | 925-285-2172
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 |
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
Subscribe Via RSS | Free Added Value | Free Event | 925-285-2172
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 |
Finally HVCC Takes a Major Blow | 10-23-09 | Tough Appraisal Laws Working for Repeal
October 23, 2009
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It looks like your local Mortgage Broker Assosiation has made some significant progress on repealing the HVCC appraisal restricitons that have been allowing the Banks and the Government to control Housing prices since May 1st of this year. If you are in the industry then you know that this has been a major pain for anyone in the Real Estate business including the consumers and th first time home buyers.
This Report form Think Big Work Small is absolutely worth taking two minutes to check out. The wheels are in motion to have HVCC repealed allowing Mortgage Brokers and Real Estate Agents work more efficiently for thier clients.
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
Extension of the $729,750 Maximum Loan Limits | Bay Area Mortgage Lending
October 12, 2009
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The U.S. House of Representatives has approved an extension of the $729,750 maximum loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) through September 2010 for single family properties. These loan limits would otherwise expire at the end of December 2009 under the terms of the economic stimulus legislation signed by President Obama in February.
This extension is included in legislation passed by the House and now being considered by the Senate, H.R. 3288, “The Transportation, Housing and Urban Development, and Related Agencies Appropriations Act for Fiscal Year 2010.” MAA strongly encourages you to take action now and contact your members of the Senate to support this key legislation to the real estate finance industry.
Click here to take action. If you need to update your home address, you will be prompted to do so before being taken to the Action Center. If you don’t have, or forgotten your username and password, click on “forgot password” to get started.
Remember, being a MAA member is free, easy and totally voluntary. MAA is the premier grassroots lobbying organization of the real estate finance industry. The mission of the Mortgage Action Alliance is to further build a network of individuals dedicated to strengthening the industry’s voice and lobbying power in Washington, DC and state capitals.
If you’re not a MAA member, please join by clicking here to take action. Taking action will start or renew your free MAA membership for one year.
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
Weekly Wrap-Up | Bay Area Mortgage Broker 125% LTV Refinance
October 9, 2009
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"The Weekly Wrap Up"
Presented by Jason Wheeler
My goal is to keep you informed and updated on what’s new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients! Thank you for continuing to read.
NEW PROGRAM!
FreddieMac Opens Access to other Servicers for the Relief Refinance 125% LTV Loan
Beginning October 1, 2009, Flagstar Bank implemented the FreddieMac Open Access program. Now you can take a loan that was sold to FreddieMac and is currently serviced by another lender, and refinance it with our banking partners. This is a major change and we are one of the very few major lenders to offer this program. We are also one of the few lenders that also offer the Fannie Mae DU Refi Plus up to 125% LTV.
Hot 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 expiring at the end of 2009..
- Fannie Mae Refinance Plus! 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
Below is a bit of news on the weeks pricing trends and mortgage rates!
- Conventional or FHA 30 Year Fixed No Points 5.125%
- Conventional or FHA 30 Year Fixed One Point 5.00%
- Conventional 5 Year ARM 4.5%
Here we are wrapping up Friday 10/09/2009 rates have seen a recent major spike in mortgage backed securities the past few days. If you had to lock at all this week you were likely worse off than the week before. You can look at weekly rate trends Here.
EVENT!
Investor Forum in Fremont CA RSVP Here!
Join us with Hermie Bacus and Jeff Thompson 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 evening event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
Weekly Wrap-Up 9/11/09
September 12, 2009
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"The Weekly Wrap Up"
Presented by Jason Wheeler
Can you believe it’s been eight years since that horrible day in 2001? I wanted to drop a quick note. My goal is to keep you informed and updated on what’s new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients!
Did you know that first time home buyers in Contra Costa County have the ability to qualify for a Mortgage Credit Certificate. Not many lenders will process these but we will. If you qualify you can save up to 20% on the mortgage interest you pay, every month!
On a monthly interest only payment of $2,500 you can save $500 EVERY SINGLE MONTH for the life of your 30 year fixed loan!! This little known program is linked below and We are successfully closing these for several clients. If you or anyone you know would like to learn more please let us know!
Hot 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 expiring at the end of 2009..
- Fannie Mae Refinance Plus! Refinance your home up to 105% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000
Below is a bit of news on the weeks pricing trends and mortgage rates!
- Conventional or FHA 30 Year Fixed No Points 4.875%
- Conventional or FHA 30 Year Fixed One Point 4.625%
- Conventional 5 Year ARM 4.125%
Here we are wrapping up Friday 9/11/2009 rates have bee consistently lower for the past two weeks. We have not seen pricing this good since May. If you had to lock at all this week you were likely pretty close to the week before. You can look at weekly rate trends Here.
EVENT!
Investor Forum in Fremont CA 9/16/09! RSVP Here!
Join us with Hermie Bacus and Jeff Thompson 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 evening event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!
