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El Cajon
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Maximum gross income:
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| Family Size: |
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| 1-$44,250 |
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5-$68,250 |
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| 2-$50,550 |
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6-$73,300 |
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| 3-$56,900 |
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7-$78,350 |
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| 4-$63,200 |
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8-$83,400 |
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| Up to 40% of purchase price silent second loan |
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| Additional $7,500 may be available for closing costs through another program |
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| MCC program is available |
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| There is minimum contribution of 1% of the purchase price from personal funds for reserves after closing. |
| Must have a minimum credit score of 650. |
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| Additional Down Payment Assistance is available for borrower's with income up to 120% of median income |
| and below 50% of median income |
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| Example: Family of 4 with an annual income of $60,000 purchase a home for $350,000 |
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| Purchase Price: |
$350,000 |
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Effective Monthly payment |
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P&I |
$1,262.11 |
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| Silent 2nd |
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$131,000 |
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Hazard ins. |
$55.00 |
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Taxes |
$364.58 |
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| First Mortgage |
$219,000 |
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Mtg Ins |
90.69 |
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MCC |
-195.39 |
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1571.99 |
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| Closing Costs |
$6,353.00 |
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| Prepaids |
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$2,328.12 |
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| Silent 2nd |
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-$8,000.00 |
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| Funds to close |
$681.12 |
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| Loan Information is based on a 30 year fixed rate of 5.5% apr. 6.102% |
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| Interest rates are subject to change. |
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| Want to get pre-approved? Apply Online |
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 Affinity Financial - 10650 Treena St #103 - San Diego, CA 92131 Office Phone: (858) 693-5400 Fax: (858) 693-4050 Toll Free Phone: 866-365-6428
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