Buy Your Dream Home With This Fantastic New Program
San Diego Real Estate Podcast with Joe Corbisiero
English - March 22, 2023 00:00 - ★★★★ - 1 ratingEducation real estate for sale real estate agents top real estate agents local real estate agents find a real estate agent home selling tips home for sale home buying home buying process property finder Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The Dreams for All program is exactly what first-time buyers need.
Today I have some great news for home buyers. I just spoke to my partners at Cardinal Financial, and they have this new program that aligns with our name: the Dreams for All program. This incredible opportunity is for those of you who haven’t owned a home for the past three years at least.
This is a basic down payment assistance program that will give you 20% down. You need a minimum of a 665 FICO credit score, and the maximum income for the household should be $211,000. Also, you cannot have owned a home for the last three years, and they can go up to 50% of the debt-to-income ratio.
For example, for a $600,000 purchase, if you use this program, which is a 20% down payment assistance, you will be spending $750 less every month than you would with an FHA loan.
What’s the catch? Well, there is no catch. If you have at least $13,000, you can qualify for this loan. You need a verifiable income with a W-2—this doesn’t apply to 1089 people. So if you have a pay stub and a job, you can qualify for a loan with downpayment assistance. So if you’d like to know more details, feel free to call or email me. I would be happy to walk you through the details.