Bank of America has a simple mortgage solution for complex or nontraditional incomes.  They can help borrowers with complex or non-traditional incomes.  Bank of America offers the Stated Income Program and the Stated Income/Stated Asset Program - both providing simplified steps to help borrows get the home of their dreams. These innovative mortgage solutions are ideal for those who are self-employed, own small businesses, are retired or have rapidly expanding incomes. Stated Income Program, Stated Income Stated Asset Program, with loan amounts up to $3 million, a future home owner may finance their first home, second home or investment property, choosing from a wide variety of fixed-rate, adjustable-rate, fixed rate interest-only, and adjustable rate interest-only mortgages. Contact me today to learn how our mortgage programs make it easier for you. Contact your Bank of America Mortgage Loan Officer for specific details  regarding property and occupancy type. After the initial fixed interest rate period or the initial interest-only period, rates may vary and payment may increase. Credit and collateral subject to approval. Terms and conditions apply. Some restrictions may apply. See Bank of America for details.  Programs, rates, terms and conditions are subject to change without notice.

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Popularity: 27% [?]

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: 26% [?]

Thinking there aren’t any great loan packages left out there for your clients? Think again. Steve Larson of Empire Equity group has a great package geared towards zero-down homebuyers.

Tap into: 1st time buyers, renters, recent graduates, and median priced buyers.

NEW 100% HOMEbuyer Package

With no funds needed for a downpayment or closing costs, low monthly payments, and competitive rates, the HOME Loan is designed to help your buyers overcome any barriers to home ownership. Whether they are a first-time homebuyer or simply looking to leverage future income potential, our HOME Loan is the key!

Benefits:

Up to 100% Financing
Loan amounts up to $650,000!
Credit scores as low as 620
40-year term for safety
5-year fixed-rate period with 10-year interest only
No income restrictions
Up to 6% seller concessions!
Standard Mortgage Insurance (MI) rates
Fast underwriting approval and closing process
Borrower Profiles:

First-time homebuyers, renters, apartment dwellers
Recent college / professional graduates with solid future earnings potential
Newly married couples starting out with good income potential
Single parents / newly divorced singles who need a “jump start” to get into an affordable home
Growing families looking to get their next home
Please let me know if you have any prospective clients that could benefit from our HOME Loan. Home Ownership Made Easy.

Contact:

Steve Larson
Empire Equity Group
1999 S. Bascom Ave
Suite 700
Campbell, CA 95008
Office: 408-559-1990
Cell:    408-445-7702
Steve@SLarson.com

Popularity: 17% [?]