First time buyer told FHA or nothing from their Bank
Situation: A first time homebuyer came to us for a second opinion after being told by their bank that they couldn't purchase in a certain condo development because the complex was not FHA approved.Solution: While the borrower only had 3.5% for a down payment and it was true that the complex wasn’t FHA approved, we were able to get them qualified for the Housing Trust of Santa Clara County's Mortgage Assistance Program which augmented their 3.5% down payment to get them to 20% down.
Results
Not only were they able to buy in the condo complex they wanted to be in, but they saved over $225/month by taking advantage of the program.
Getting StartedNot only were they able to buy in the condo complex they wanted to be in, but they saved over $225/month by taking advantage of the program.
Call us today at 408-295-2355 to request a free, customized refinance rate quote or to receive a free, no-obligation consultation on refinancing options.
