|
|
 |
 
La Mesa
|
Maximum gross income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Family Size: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-$44,250 |
|
5-$68,250 |
|
|
|
|
|
|
| 2-$50,550 |
|
6-$73,300 |
|
|
|
|
|
|
| 3-$56,900 |
|
7-$78,350 |
|
|
|
|
|
|
| 4-$63,200 |
|
8-$83,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Up to $120,000 silent second loan |
|
|
|
|
|
| Additional $7,500 may be available for closing costs through a county program |
|
|
| This loan may be used in conjunction with a 3% of purchase price silent 3rd mortgage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| There is minimum contribution of 3% of the purchase price from personal funds. |
|
|
| Condos/Townhomes are eligible. |
|
|
|
|
|
| Single Family Homes must be within the Revitalization area |
Link to map |
|
|
|
|
|
|
|
|
|
|
| Example: Family of 4 with an annual income of $60,000 purchase a home for $350,000 |
|
|
|
|
|
|
|
|
|
| Purchase Price: |
$350,000 |
|
Monthly payment |
|
|
|
|
|
|
|
P&I |
$1,264.99 |
|
|
|
| Silent 2nd |
|
$120,000 |
|
Hazard ins. |
$55.00 |
|
|
|
| 3% of own funds |
$10,500 |
|
Taxes |
$364.58 |
|
|
|
|
|
|
|
Mtg Ins |
90.89 |
|
|
|
| First Mortgage |
$219,500 |
|
|
1775.46 |
|
|
|
|
|
|
|
|
|
|
|
|
| Closing Costs |
$6,463.00 |
|
|
|
|
|
|
| Prepaids |
|
$2,398.52 |
|
|
|
|
|
|
| Silent 3rd |
|
-$8,800.00 |
|
|
|
|
|
|
| Funds to close |
$10,561.52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Information is based on a 30 year fixed rate of 5.5% apr. 6.107% |
|
|
|
| Interest rates are subject to change. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Want to get pre-approved? Apply Online |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| La Mesa First Time Home Buyer Program Details |
|
|
|
|
|
|
|
|
|
|
|
|
|
 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
© 2010 Myers Internet All Rights Reserved
Powered by: Myers Internet | Admin Login
|
