A new and amazing loan program for anyone in California who hasn’t owned a home in the last three years is being released on March 27,2023.
This new loan program offers to cover the entire down payment and potentially all the closing costs of a new purchase while keeping payments much lower.
The simple structure is an 80% first conventional loan at going fixed rates.
The First loan is followed by a 20% silent second no interest loan. but there is a unique appreciation share feature. In other words you do not need to make any payments on the second loan at all and no interest accumulates for the life of the loan.
The second loan only gets repaid when you transfer the property or refinanced.
Here’s the unique part that as far as we can see is quite clever and presents a winning situation for most anyone.
There is an appreciation share of 15-20% of the appreciation of the home when it’s sold or refinanced.
For example if the value of the home appreciates by $100,000, you would repay $15,000-20,000 from the proceeds of the sale. By our estimation, that’s less than what you might pay towards interest payments for the second loan if you were to finance it outright.
The program is being released on March 27, 2023 and as usual with these programs, funds will be limited and will go fast.
Attend This Free Training and Get on the priority list to get approved for funds.