Mortgage rate below 6%? See if you are eligible!
Rates as low as 5.375%? It may be your reality if you meet these criteria! See if you and the home you want to buy are eligible.
For maximum savings (1.125% rate reduction)
County:
One of 13 in California (or GA, MA, NC or SC)
Visit https://www.jasonloans.com/forgivable...
Census Tract:
low to moderate income (LMCT)
majority minority (greater than 50%)
Buyer:
Low to Moderate income (less than 80% of county median income)
Eligible buyers can save hundreds on their monthly payment with a rate in the 5’s.
Step 1: Find a home in one of 13 eligible counties - from San Diego and Orange County to Contra Costa, San Mateo and San Francisco Counties. Even Sacramento County is eligible.
Step 2: Confirm the home is in an eligible census tract (either “majority minority” or “low to moderate” income or both).
If the above are true, buyer may receive at least .125% to .25% rate reduction at no cost.
Step 3: Determine if YOUR annual income is lower than 80% of the county median income (AMI) for an additional .125% rate discount!
Income higher than 80% AMI? You may still be eligible for the first .125% to .25% rate discount with an income up to 200% AMI!
You do not need to be a first time home buyer to qualify!
BONUS SAVINGS: If YOUR income is below 80% AMI AND the property is in a “Majority Minority Census Tract” (MMCT), you may be eligible for an additional .75% rate discount bringing the potential total to 1.125% in rate reductions off your qualifying rate!
What’s more is these automatic rate discounts can be used with other homebuyer assistance programs like our $15,000 forgivable loan which can be used towards closing costs, down payment and even more rate buy-down.
Call, text or email and I’ll be happy to help you “run the numbers” to see how much you could save on your home purchase. This is an exclusive program most loan officers can’t offer it, so don’t wait!
#realtortips #homebuyersguide #interestrates #californiarealestate