Entries from Searchlight Crusade tagged with 'public assistance'

First Time Buyer Programs and Multi-Family Housing

Can I qualify for first time home buyer financing if I buy a duplex and live in one and rent out the other? I thought if I bought a duplex, lived in one side and rented out the other would...

Restricted Sale Property: Very Difficult to Find A Loan (Even harder to find a good one)

This is a warning to those who purchase restricted sale property. I've gotten a couple of calls for refinancing these in the past couple months, and I've never covered this subject. A restricted sale property is one where the...

How Can I Lower The Down Payment Requirements So I Can Buy Real Estate?

With a few lenders starting to loosen their requirements slightly in San Diego, it's becoming increasingly obvious that the bottom is behind us. However, the issue has now become, "I don't have much of a down payment. How do...

The Benefits and Limitations of Assumable Loans

Every once in a while, the subject of assumable loans comes up. An assumable loan is one where the owner of a property has the ability to pass the loan along with the property in a sale. In other...

First Time Home Buyer Assistance Programs: Locally Based

One of the things people keep asking about is first time buyer programs. They exist, but lenders are not the first place to ask. Why? Because many, if not most lenders, actually charge a quarter of a point or so...

First Time Buyer Programs: The Mortgage Credit Certificate (MCC)

This is a nationwide program for first time home buyers that helps them qualify for the loan by saving them even more money on their tax bill. With that said, however, the state of California accounts for more than 50...

Restricted Sale Property: Very Difficult to Find A Loan

This is a warning to those who purchase restricted sale property. I've gotten a couple of calls for refinancing these in the past couple months, and I've never covered this subject. A restricted sale property is one where the...

The State of the Loan Market and How Much You Can Borrow September 2008 (Part II)

Or, Ways to Minimize Down Payment Requirements (Continued from Part I which stated the issue) But with loans so difficult to get right now, that makes it a wonderful time to buy, because the competition for properties is non-existent. In...

The State of the Loan Market and How Much You Can Borrow September 2008 (Part I)

Two years ago, the loan market was easy. It was like being one of those third world countries tapped into the IMF back in the nineties. Of course you could get a loan, and if you didn't make enough to...

All Buyer Assistance Programs Require Full Documentation of Income

Lots of people ask about first time buyer programs, government assistance, and other assistance. Mortgage Credit Certificate, municipal first time buyer programs, FHA, FHA Secure, even the VA loan. The one thing they all have in common is that...

How Can I Lower The Down Payment Requirements So I Can Buy Real Estate?

With a few lenders starting to loosen their requirements slightly in San Diego, it's becoming increasingly obvious that the bottom is behind us. However, the issue has now become, "I don't have much of a down payment. How do...

Loan Assumption and Assumable Loans

Every once in a while, the subject of assumable loans comes up. An assumable loan is one where the owner of a property has the ability to pass the loan along with the property in a sale. In other...

FYI: FHA Loans, FHA Secure, and Down Payment Assistance Programs

FYI, I attended a class on FHA mortgages, FHA Secure and down payment assistance programs this morning. I'll probably have two or possibly three articles in the next week or so. In the meantime, if I can help with a...

First Time Buyer Programs and Multi-Family Housing

Can I qualify for first time home buyer financing if I buy a duplex and live in one and rent out the other? I thought if I bought a duplex, lived in one side and rented out the other would...

Is a VA Loan a Good Deal?

Veterans Administration, or VA loans, are government guaranteed loans available to veterans and active duty members of the armed services, that enable them to purchase homes for no money down. In fact, VA loans go up to 103 percent of...

The Fifth Amendment and the "Right" to Medical Care

'Homeless dumping' charges for hospital The case against it stems from a March surveillance video showing a 63-year-old patient from Kaiser Permanente's Bellflower hospital wandering Skid Row in a hospital gown and slippers. Prosecutors describe what happened to Carol...

First Time Home Buyer Assistance Programs: Locally Based

One of the things people keep asking about is first time buyer programs. They exist, but lenders are not the first place to ask. Why? Because many, if not most lenders, actually charge a quarter of a point or so...

First Time Buyer Programs: The Mortgage Credit Certificate (MCC)

This is a nationwide program for first time home buyers that helps them qualify for the loan by saving them even more money on their tax bill. With that said, however, the state of California accounts for more than 50...

Links and Minifeatures 05 04 Thursday

If you're looking for my article on "Southern California Real Estate and Loan Market Outlook" the link is here. For some reason it's not displaying on the main page, and I can't access it myself at the moment to...

Links and Minifeatures 04 28 Friday

Carnival of Liberty Recommended: New World Man (with an offensive topic warning!) Carnival of The Vanities Recommended: Liberal Wrong ********** Iran ready to transfer nuclear know how ********** Mine blast survivor says some men's air packs didn't work. This is...