1st-Time Home Financing for California Borrowers
California Mortgage Loan Company specializes in loan programs for 1 st time home financing
Rising Mortgage Rates Have Not Halted of First-time Buyer Loan Options
The California real estate market has slowed down and the boom days are gone at least for now.. With rising interest rates, buying your first home may appear doubtful; however, unique home loans available for first-time homebuyers can turn hope of ownership into a permanent address. Qualifying for special first-time homebuyer loans is based on several factors, which may vary according to the type of program. The one prerequisite to all programs offered only to first-time buyers is its definition. Lenders define first-time home ownership as the buyer "not owning a home for the last three years prior to the intended purchase." Other qualifications may include:
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