John Walsh

California FHA 203K Rehab Loan

If you are purchasing a foreclosure anywhere in California, especially in Placer County or Northern California, your best bet for rehabilitation of the property is to get an FHA 203-k loan. For many, buying a foreclosed property can present certain challenges:

Challenges:

• Sale is "As Is"
• Seller is not willing to fix or provide repairs
• Standard FHA financing is not available
• Buyer's concerns about property condition
• Lack of funds for repairs

The advantages and benefits of an FHA 203-k loan can overcome all of the above challenges.

Advantages:

• Can finance up to 110% of "as completed" value
• Solves seller's unwillingness to fix or repair items
• Solves buyer's concern over the condition of property
• Finance up to $35,000 in limited improvement types

Add an EEM Energy Efficient Mortgage loan for another $10,000 to your new FHA 203k loan!

California FHA 203K Rehab Loan

USDA Loans and Financing in Lincoln California

Looking for ZERO down payment loan options? USDA loans in Lincoln California still has plenty of money for financing in Lincoln and other semi-rural areas in Northern California. I have successfuly transitioned many 3.5% FHA customers into USAD financing and used the 3.5% for closing costs and won very competitive bidding situations.

The USDA Financing is for low to moderate income families abvailable in the Lincoln California area. The maximum income level for a family up to 4 persons is $83,750. Families over that income level the Lincoln CA can have income up to $110,550.

Granite Funding Group is a branch of American Pacific Mortgage. To learn more about our company go to http://www.putyouinahome.com . My focus has always been first time home buyers and the USDA program has always served a great purpose in instances where other down payment assistance programs are unavailable.

There are many other areas in Northern California that are eligible for USDA financing. Go to http://www.putyouinahome.com for other areas of Northern California to take advantage of USDA financing and start making offers on properties that can be the winning bid in a very competitive market!!

USDA Loans and Financing in Lincoln California