Brokers vs. Banks

LOAN TYPES

Conventional Loans
FHA Loans
VA Loans

LOAN APPLICATION

CALIFORNIA
LOAN PROGRAMS

DOWN PAYMENT ASSISTANCE LOANS

PROFESSIONAL LOANS

OTHER LOANS

CALCULATOR DIRECTORY

 
 

DOWN PAYMENT & CLOSING COSTS:

  Buyer's must have at least 3.5%
  For Down Payment & Closing Costs

The Buyer's LIQUID ASSETS (e.g. cash savings, certificate of deposits, money market accounts, etc.) may not exceed HART's maximum gift amount.

PROPERTY QUALIFICATION:

Single Family Houses
Condominiums and
Planned Unit Developments
1- 4 Unit Properties
The Buyer must occupy the Property as their Primary Residence, No Rentals, or Vacation Homes are allowed.

INCOME QUALIFICATIONS:

  Home Buyer must be in a Low to Moderate Income Range, determined by the State to Qualify for the Program.
  They must demonstrate their need for Financial Assistance.

The Buyer's LIQUID ASSETS (e.g. cash savings, certificate of deposits, money market accounts, etc.) may not exceed HART's maximum gift amount.

EDUCATIONAL REQUIREMENTS:

  Home Buyer may need to complete an EDUCATION requirement, and attent Pre-Purchasing Counseling;
  Home Buyers do NOT have to be a 'First Time Home Buyer' to qualify for the program.

HART PROCESSING FEE:

 
(1) For under $100,000 a fee of $650.00, or
 
(2) For over $100,000 a fee of $950.00.

uyers Processing Fee:

 
(1) For under $100,000 a fee of $650.00, or
 
(2) For over $100,000 a fee of $950.00.
 
(1) For under $100,000 a fee of $650.00, or
 
(2) For over $100,000 a fee of $950.00.

SELLERS CONTRIBUTIONS:

 
(1) The Seller must agree to contribute,
 
(2) During the Buyers Purchase Transaction.

      HART CONTRIBUTIONS / NO REPAYMENT: 

Hart will contribute maximum gift fund of up to $15,000.  This amount can be used towards the down payment, closing cost, or debt that a underwriter has allotted to be paid through escrow. The down payment assistance provided is a gift and does not need to be repaid.

For more on Hart Loans complete the following:

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ork Number ( )
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ax Telephone ( )
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Copyright February 2, 2000.
All rights reserved.