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Jason Hector

Home Buyer Programs Available Including Down Payment Assistance, Federal Tax Credit, and Low Down Payment First Mortgages for First Time Buyers

07-16-09
Jason Hector
  1. American Dream Down Payment Initiative (ADDI) - 6% Down Payment Assistance for Low Income First Time Homebuyers within the City of Los Angeles.
  2. City of Los Angeles Housing Department’s Mortgage Credit Certificate Program (MCC) – Allows an eligible homebuyer to claim an annual federal income tax credit and is applied to a portion of the total mortgage interest paid every year for the duration of the first mortgage loan.
  3. Neighborhood Stabilization Program – Up to $75,000 for low income and $50,000 for moderate income when purchasing foreclosure or foreclosed properties located within the NSP Priority Area.
  4. 2009 Federal Tax Credit (IRS Form 5405)- The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Income limitations apply.
  5. FHA (Federal Housing Administration) Loans – Offers a first mortgage with 3½ % down payment required and up to 6% in seller paid closing costs or repairs.

Please Search for Homes and feel free to contact me at 818-357-9658. Jason

Where is Chase Home Retention Dept

07-11-09
Jason Hector

I see that a fellow realtor is asking for the phone number for Chase's Short Sale Dept. Are there different short sale departments because I thought all of the short sales would be handled by the same departments.

I have 1-866-550-5705 as the Home Retention Dept. They should do both Loan Modifications and Short Sales. Another number I have is for FAX Third Party Authorizations 602-535-3866. Hope this is useful.

Chase Mortgage Help Site

Chase also has opened several locations for homeowner assistance including one in Glendale, CA.

For information about Loan Modification and Home Buyers Looking for a Realtor, visit my site at www.jasonhector.com

Soon to be coming, my new site will be www.loanmod-la.com

Web Site Grader lets you see how you stack up against your Competition

07-07-09
Jason Hector

Someone gave me a link to a great site for SEO or Search Engine Optomization. This site ranks you on much of the same criteria used by search engines on a scale or 1 to 100. I did a search for my site, www.jasonhector.com and it ranked 61 which is not bad when my formal competition is ranking 71 (I won't say who) but they are a well established agent in my community.

Just visit www.websitegrader.com and put your site and your competitors site to see what they are doing and what you can do to improve your site for search engines to find you.

About Action Investments--Real Estate and Loan Modification

Loan Modification Services-I am helping homeowners to modify the terms of their loan so they can afford to keep their homes. Avoid Scams by working with a California Department of Real Estate Licensed Broker who has received a "no objection" letter allowing them to collect an Advance Fee. Check the CA Real Estate License Status and Advance Fee Listing before enlisting the help of a broker.

Action Investments and Jason Ian Hector (Lic. # 01481898) has received a "No Objection" letter from the California Department of Real Estate and may collect an advance fee for loan modification services.

Short Sale Negotiator-I am also assisting in short sale transactions by handling the short sale negotiation with the first and second lenders.

Buyer's Agent-I am working with homebuyers throughout Los Angeles County and more specifically Burbank, Glendale, San Fernando Valley, Simi Valley and West Los Angeles. There are several great programs for first time home buyers in the San Fernando Valley area. Also, for those purchasing your new home for the first time, there is the 2009 Federal Tax Credit of up to $8,000. Get pre-qualified now so you can buy before the Tax Credit expires Dec. 1, 2009.

As a California Real Estate Broker, I am the broker owner of Action Investments and have passed the more difficult exam in 2005. Also, I have retail banking experience of six years, and real estate investment experience since 2001.

Serving the following areas

San Fernando Valley including Northridge, Granada Hills, Glendale, La Crescentia, Simi Valley, Chatsworth, Burbank, Van Nuys, Reseda, Sherman Oaks, Encino and surrounding areas. Los Angeles Area including West Los Angeles, Beverly Hills, Hollywood, Santa Monica.

Now is the time to take advantage of the buyers market. Take advantage of the many choices to find that special property. As a real estate broker, investment property owner, and former retail banker, I am ready to bring all of my knowledge to work for you. Just email me at jhector@socal.rr.com with your specific real estate criteria and I will respond to you that same day.

REALTOR® Code of Ethics

Real Estate Affiliations

Southland Regional Association of Realtors

Member of Education and Housing Committee

Chair of the Promoting Affordable Housing Sub-Committee

California Association of Realtors

National Association of Realtors


My Profiles, Websites and Real Estate Blogs

Real Estate and Loan Modification Home Page

Yahoo Local Business--Action Investments

Google Local-Real Estate and Loan Modification

Jason Hector's Active Rain Profile

Jason's Active Rain Real Estate Blog

Real Estate and Loan Modification Blogger

Trulia--Action Investments Real Estate Blog

CalHFA Conventional Loan offers upto 95% financing.

07-06-09
Jason Hector

Great news!!! CalHFA now has funding and is offering the 95% first mortgage which can be combined with upto 3% of the purchase price for down payment assistance with the CHDAP program.

CalHFA Cal30-The Cal30 Conventional loan offers up to 95% financing. This first mortgage loan may also be combined with CalHFA junior loan programs for down payment and closing cost assistance to make owning your first home more affordable.

California Homebuyer's Downpayment Assistance Program (CHDAP)
Offers a deferred-payment junior loan of an amount up to the lesser of three percent (3%) of the purchase price or appraised value.

City of LA receives Stimulus money to be given out to homebuyers soon

04-26-09
Jason Hector

Attention First Time Homebuyers--New Program Available

Great news as there is a new down-payment assistance and rehabilitation funds available from the federal government (HUD) via the City of Los Angeles

Complete information is available at the City of LA Housing Dept website (LAHD) or on this link at http://lahd.lacity.org/nsp/PriorityFile.aspx?Type=93

This program is for homes in foreclosure within certain areas. You can check if the property is within the map by searching on the LAHD website here http://lahd.lacity.org/nsp/.

Here is a link to the 2 page brochure summary http://lahd.lacity.org/nsp/PriorityFile.aspx?Type=94.

This program is a great program for homes which need repairs since they will provide upto $50,000 for approved repairs. There are additional requirements such as 8 hour home buyer education course, HUD inspection, enviornmental report, and others.