Hey San Francisco home buyers, you can still buy a home with 10% down payment.
You should be gainfully employed with great credit, savings and a down payment but you do not need 20% down. There is a lot of misinformation out there, causing many successful young professionals who know they should own and want to buy when the market's at the bottom but think there are no more loans for them.
There are great loans for you, I swear it!
For example, right now I am helping a women buy her first San Francisco home. She has owned real estate where she used to live in the Midwest but has been renting here in San Francisco, paying a lot of money each month with no tax incentive and no return on her investment.
She is very successful and makes good money. She also has good retirement savings. Yet, she gives Uncle Sam way too much of her paycheck! She's now preapproved for really secure & safe financing and is ready to go get a deal on a condo in the Castro!
Here are this week's rates for San Francisco purchases:
| Loan Programs | ||||||
| 30 Yr Fixed Conforming to $417K | 6.375% | |||||
| "0.00" POINTS | ||||||
| APR = | 6.481% | |||||
| 30 YR GOV AGENCY JUMBO | 6.750% | |||||
| "0.000" POINTS | ||||||
| APR = | 6.611% | |||||
| 30 YR REGULAR JUMBO | 8.000% | |||||
| "0" POINTS | ||||||
| APR = | 7.875% | |||||
| 7 YR FIXED JUMBO TO 1 MILLION | 6.250% | |||||
| "1.25" POINTS | ||||||
| APR = | 6.062% | |||||
| Program | Rate | Points | APR | |||
| 6 Month Libor | 5.625% | .50pts | 5.713% | Up to 1Mill | Life Cap 10.125 | |
| INTEREST ONLY OPTIONS ARE AVAILABLE! | ||||||
Brought to us by Monica Di Perna of Guarantee Mortgage. Call her directly if you want more details or want to verify the numbers.
