Sharr Flip book
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Chapter 1<br />
Types of Loans<br />
1. Conventional<br />
2. VA<br />
3. FHA<br />
4. USDA<br />
A Quick DIY Basic Calulation<br />
to determine down payment<br />
(what lender pay attention too)<br />
Front end ratio Conventional<br />
= VA<br />
Back end ratio FHA<br />
*Other determining factors may be calculated by mortgage lenders<br />
California Housing Finance Agency<br />
(California)<br />
-Eligibility and Requirements<br />
Credit Scores<br />
CalHFA Loan Programs<br />
My home assistance<br />
CalHFA zero interest<br />
School teacher and<br />
employee assistance<br />
CAL-EEM+Grant program<br />
Bonus:<br />
Interest rate for 2019(subject to change)<br />
20 yr(year) fixed rate 3.70%<br />
15 yr fixed rate 3.90%<br />
30 yr FHA rate 3.35%<br />
30 yr VA rate 3.42%<br />
What Stays onYour Credit Report<br />
Negative info- 7 years<br />
Paid tax liens- 7 years<br />
Bankruptcy- 10 years<br />
Unpaid tax liens- Forever
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