WaMu CALHFA ™

News Bulletin

Acorn vs. CALFHA

Acorn reduced their Maximumm Qualified Income for the entire Acorn program for Northern California

It is now 80% of the county HUD/FannieMae Median Income. It was 140% of the Median Income and has been reduced by 60 points! Maximum income allowed was $ 104,30, Maximum income now allowed is $ 59,600. A 43% reduction in allowable income.

WaMu CALHFA loans have a better position with clients than the Acorn loans based on this reduction.

Now the question is do you qualify for CALHFA’s First time Home buying program? Contact Carma J. Van Houten at 408-399-4274 to find out.

Popularity: 25% [?]

This entry was posted on Thursday, October 18th, 2007 at 8:13 am and is filed under loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.