- Freddie Mac through Sierra Pacific is offering home purchase loans that allow Home Purchase Loans and will accept future ADU income toward buyer’s loan qualification. This is highly beneficial.
- The City of Los Angeles has a First-time buyer loan program for the General Public, Educators and Staff that serve the k-12 population, Peace Officers / First Responders and Gov’t Employees, in which, the buyer(s) may apply to see if they qualify for up to $114,000.00 of loan funds from City of Los Angeles, to have these funds apply toward the Buyer’s DOWN PAYMENT and CLOSING COSTS !!
The big deal is that as long as you reside in the house YOU NEVER MAKE A MONTHLY PAYMENT ON THE LOAN ….You can even refinance the first loan to reduce that monthly payment and you can do so and NOT have to consolidate and payoff the City Loan when you refinance !!
For details about these loans and other programs and to apply for a loan, call Michael at 818 642 5843 or email at [email protected].