Find out more about downpayment assistance to purchase a home by calling a home loan expert at 951-200-5750
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Riverside, California (PRWEB) January 22, 2015
Kevin Leonard is a mortgage professional located in Southern California and has been building a massive team of real estate agents and mortgage originators. The newest marketing drive by the team is to help find more buyers for the many homes listed for sale. The advertising department for the organization is releasing information on California’s Homebuyer Downpayment Assistance. The CHDAP works as a deferred-payment junior loan, up to 3 percent of the purchase price, or appraised value, whichever is less. This amount is to be used for their down payment and/or closing costs. This particular program may be combined with a CalHFA or non-CalHFA, first mortgage loan. To learn more about the eligibility guidelines about the downpayment assistance program speak to a mortgage originator by visiting, http://www.kevinleonardmortgageexpert.com/contact/
The new marketing efforts from the team include articles and blog posts on industry related websites. The information about CHDAP offed by CalHFA, and the basic "Borrower” and “Property” Requirements that determines if an individual is eligible to apply for the CHDAP program. The applicant must be a first-time homebuyer and occupy the property as their primary residence, non-occupant co-borrowers are not allowed. CalHFA borrowers must also complete homebuyer education counseling, and also obtain a certificate of completion through an eligible homebuyer counseling organization. The property requirements for the program cannot exceed CalHFA's sales price limits established for the county in which the home is located. The property has to be a single-family, one-unit residence, including approved condominium/PUDs Guest houses. Granny units and in-law quarters may also be eligible. Manufactured housing are allowed when combined with a FHA first mortgage only and the property must be on a permanent foundation. To read more visit the webpage http://www.kevinleonardmortgageexpert.com/california-homebuyers-downpayment-assistance-program-chdap/
Kevin Leonard entered into the mortgage business in 1997 in Carlsbad California, and since then he has become of the leading mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of funded loans, and along with his team he has over 5 billion in residential loans funded. Mr. Leonard has a full understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with the best real estate agents in California for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. Learn more about different home loan products available, or to find out who are the downpayment assistance to buy a home, click on the highlighted link provided.