RENT TO OWN FOR 38 MONTHS FOR CALIFORNIA ONLY
This program is on hold. But if you qualify for this program, you can qualify for some of our other programs..............so please call our office 1-800-331-4697 ext 2883
HOW AND WHY ?
- City authority buys the property for you
- Interest rate upto 7.4% fixed 30 years.
- No Down Payment ( 3% Gift by the CITY)
- Closing costs and pre-paids are Gift to You.
- select the house in one of the participating cities.
- Your selected property is leased to you for 38 months. Your lease or rent payment is exactly your house payment.
- After 38 months buyer assumes the loan. (No assumption cost)
(Must meet program guidelines)
OTHER SPECIAL LOAN PROGRAMS FOR FIRST TIME BUYERS AND LOW MODERATE INCOME BUYERS
- Lease option to buy- You have to qualify on the basis of your income and credit. Seller also have to agree to participate in the program.
- VA [Veterans]No down payment
- FHA - 3.5% DOWN- (Call to find out how to get $8000 or $18,000 tax credit for purchasing a home )
FHA HUD REPO ( We issue pre-qual for HUD REPO)
FHA - with down payment assistance 3%(case by case)
- OFFICER NEXT DOOR (Properties to Police Officer at 50% off HUD Listed Price)
- HOP [L.A. County]$ 15,000 gift
- SCHFA [ LA County]3.5% down payment assistance
- City down payment assistance program
- No income verification program
- 20-25% program for self employed borrower (case by case)
- CHFA, PERS, STRS, MCC AND MUCH MUCH MORE......................
FOR PROGRAM DETAILS AND GUIDELINES,
CALL: Kal or Lokeesh (MGB FINANCIAL SERVICES,INC) at (562) 809-2643
(38 MONTH PROGRAM IS ON HOLD)
If you can qualify for this program, you also can qualify for our other down payment assistance program or zero down or little down program or sub prime loan program for borrower with credit problems. In order to find out which other loan program you can qualify for, please fill out the form.
Programs are subject to change without notice.
Some restrictions apply. No APR calculated.
Borrower must meet program guidelines.