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Cerritos
Living
Cerritos, California - Tree
City USA
First-Time Buyer Special
Interest Only
PLUS
This is a great program for qualified first-time homebuyers
in California. It is a conventional 35-year fixed rate loan with
an interest-only payment option for the first five (5) years.
This program requires no down
payment and features a fixed interest rate that does not
change during it's 35 year term.
Program
highlights:
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No down payment
required
-
Interest
only payment for the first 5 years
-
Interest
rate does not change during it's 35-year term
-
Seller may
also help pay Buyer's non-recurring closing costs
Initial documents
needed for pre-qualification:
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Complete tax
returns for the last 3 years
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W-2 form for the
last 2 years
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Current pay
stubs to cover 1 month's pay
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Bank or Asset
statements for the last 3 months (all pages)
Other First-Time
Buyer Options:
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100% financing
with 40-year term
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100% financing
with 30-year term
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Special Terms
for Credentialed Teachers
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