Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.
Lender rating
Since January 2009
Lender rating
Since October 2009
Lender rating
Since November 2009
let zillow know
Lender rating
Since February 2009
Lender rating
Since January 2009
Lender rating
Since February 2009
Lender rating
Since January 2009
Lender rating
Since September 2009
Lender rating
Since February 2009
Lender rating
Since February 2009
Since September 2009
In California, there is a loan program that allows for financing beyond the 96.5%, "CHF Access down payment assistance program". It's an awesome program that can help many people purchase homes, but zillow apparently doesn't allow it to be disclosed in the notes.
This program works in concert with FHA's (203b, 234c) federally guaranteed loans, which currently requires only a 3.5% down payment. Qualified California applicants will be able to secure a 15 year 2nd mortgage for 3% of the sales price (which can be utilized for down payment and/or closing costs). This down payment assistance loan is being offered at a very low rate of interest (currently 8.25%). The other .5% may come in the form of a gift allowing for no down payment money out of pocket from the buyer.
Lender rating
Since January 2009
Since November 2009
Lender rating
Since January 2009
Lender rating
Since January 2009
Lender rating
Since January 2009
Featured Rates are based on state rates for 5/1 ARM loans and are valid for the date shown, but they may change without notice. They are for consumers with a credit rating of 720 or higher and a 20% or higher down payment. Rate, terms, pre-paid finance charges, and APR may vary based on factors such as creditworthiness of the applicant(s), self employment status of the applicant(s), condo or townhouse structure, loan amount, and geographic location of the property.
If a lender does not offer a national rate, a state rate may be shown next to the lender's name. For example, 'Bank name (CA)'.
... and, it's free and anonymous
Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy
Is this for real?
shaguana
Contributions: 2
View full profile
ZQ-PNMCPCL
I received this quote, but how can they give me a loan without a down payment of 3.5%. Why dont they just be honest and tell me that I cannot get this loan without the down payment?If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.