Find out more about first time home buyer programs by speaking with a mortgage expert (858) 999-3737
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(PRWEB) January 05, 2015
There are many people in Southern California looking to become homeowners for the first time, but do not know how to qualify for a home. Many would like to know what government program for first time home buyers exist, and how do they work. The mortgage organization led by Kevin Leonard is offering either over the phone consultations as well as meeting clients in person to explain the different home loan programs that may assist them in purchasing a property. The team of mortgage originators primarily works in San Diego, Orange County and Riverside County supporting the many Realtor and builder relationships. The group has been expanding their reach since the bringing of last year and plan on continuing steady growth into 2015. To learn more about first time buyer programs for homes in San Diego or anywhere in the state of California, contact the origination by calling (858) 999-3737.
The new first time home-buyer assistance programs being explained by the mortgage team will include discussion about FHA home loans and VA home loans, as well as any other products that may help someone in becoming a homeowner. There are some new changes over the years that need to be discussed. One being, Section 2113 of the bill prohibits seller-funded DPA (Down Payment Assistance) for loans backed by the Federal Housing Administration. Prior to this bill, the seller was able to contribute to the buyer to cover either a down payment or closing costs on an FHA loan. For California residence there is the (CHDAP) or California Homebuyer's Down payment Assistance Program, it provides a deferred-payment junior loan – up to 3% of the purchase price, or appraised value, whichever is less, to be used for their down payment and/or closing costs. This home loan program may also be combined with a CalHFA or non-CalHFA, first mortgage loan. Find out more about these types of home loans and more by speaking with a mortgage expert by clicking here, http://www.kevinleonardmortgageexpert.com
About: Mr. Kevin Leonard has been in the mortgage industry for almost 20 years. He started as a loan officer in the 1990’s and became one of the top mortgage originators in the country. He then held area and regional manager jobs for mortgage lenders before opening his own mortgage bank in early 2001. As president he grew the origination to thousands of mortgage originators across 39 states, funding over 5 billion in residential loans. He now works with loan officers and Realtors in Southern California assisting in marketing and development. Mr. Leonard also consults and recruits for some of the largest mortgage bankers in the country. His main office and operation center is located in Southern California. To find out more about Mr. Leonard or his team of mortgage and real estate professionals contact the number listed below.
Contact: Kevin Leonard
Phone: (858) 999-3737