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Mortgage Broker Roseville California

A Roseville mortgage broker near me has products and programs for first-time homebuyers and down payments for all of California.

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Testimonials

a year ago

I have been working with Jason for an entire year while my new home construction was underway. Jason and his team performance was exceptional throughout the entire process! He was not only knowledgeable about loans and processing them but he delivered his services and products with the utmost professionalism. Jason personality is an asset to the company. He makes you feel at ease during a sometimes stressful situation. I definitely will be a return customer and the recommendation I refer.

- Turquoise D

a year ago

- Jackie J

a year ago

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Mortgage Broker Roseville California

Roseville mortgage broker Jason Whigham can Help You Buy a Home in Sacramento

Jason Whigham is a professional mortgage broker in Roseville, California. He can help you get a loan or refinance your mortgage in a number of ways.

We think we are the best Roseville mortgage company. Give us a call today, and we'll tell you why!

Our mortgage loan specialists can help you complete your mortgage loan or refinance deal quickly and with great customer service.

Apply Now

Professional Mortgage Brokers in Sacramento, CA

We're happy to be Roseville's trusted mortgage lender, from the first inquiry to the actual loan.

We have customers from all walks of life and believe that helping more people buy their homes will strengthen our California communities.

Mortgages We Offer in Sacramento, CA
When you are buying a house, finding the perfect property isn't the only thing that you should consider. Your mortgage will be with you for many years.

It is important to choose a loan that suits your budget and your needs. It can save you thousands of dollars over the life of your loan. Call our mortgage experts today to discuss all of the loan options. Different types of loans

Fixed-Rate Mortgages

Most Sacramento mortgage lending is for fixed-rate mortgages that have terms between 10 and 30 years. A 30-year fixed-term mortgage is the best choice for many borrowers.

Fixed-rate mortgages of shorter duration, typically 15 years, can help you save money on interest because you pay the loan for a shorter time. T

However, you should increase your monthly mortgage payments, and the longer the loan term, the greater they will be.

Adjustable-Rate mortgages (ARMs).

Fixed-rate mortgages are more expensive than ARMs. This means that ARMs will have lower interest rates from the beginning. You'll be paying less every month, as long as the interest rate doesn't rise during the term.

An ARM is better if you plan to live in the home for only a few years because interest rates can change depending on the economic environment.

California FHA Loans

FHA loans have become a popular choice for first-time homebuyers. Buyers with lower credit scores can get FHA loans, which only require a 3.5% down payment. FICO scores as low as 620 are sometimes accepted.

FHA loans allow gifts from family members, whether they are related by blood or marriage. This is great for first-time buyers who rely on relatives' financial support to get started.

Lenders will require that you pay a mortgage insurance premium (MIP) if you put down less than 80%. The California FHA rules say that you can't have owned or had a stake in any property in the three years before you apply.

USDA Loans

The United States Department of Agriculture doesn't require any down payment, and they don’t have a minimum credit score.

They will still review your credit history, even if it isn't traditional credit like paying utility bills. Buyers who apply for a loan must prove that they can repay it.

USDA loans are similar to other government-backed loans. There is an initial payment required at closing. If the loan-to-value (LTV) exceeds 80%, there will be a mortgage insurance fee. The repayments will include this fee.

CalHFA

The California Housing Finance Agency (CalHFA), a state agency, was established in 1975 to help low- and middle-income residents afford decent housing. Two programs can help you with your down payment if you are a first-time home buyer.

MyHome Assistance

MyHome Assistance offers a small loan program that covers 5% of the loan amount. This is for first-time homebuyers who require assistance with closing costs and down payments. This loan is not due until the property has been sold or paid in its entirety.

Zero Interest Program

MyHome Assistance is similar to Zip (Zero Interest Program). However, the loan amount is only 3 percent of the total mortgage, and the interest rate is 0%. ZIP repayment can also be deferred.

VA Loans

The best thing about VA loans is the absence of a down payment. You must be either on active duty or have been discharged in good standing to apply for a VA loan.

There is no need for mortgage insurance, but there is an additional fee. The loan limits work in the same way as other programs.

Reverse Mortgages

California reverse mortgages are available to anyone over the age of 62 who wants to free up equity from their home while they're still living there.

This type of loan is not repaid until the borrower passes away or moves out, so there is no chance of being evicted.

Reverse mortgages are a great way to help seniors pay for home and medical expenses. You can pay the equity in one lump sum or in monthly installments.

Mortgage Refinancing

Refinancing is a way to replace your existing mortgage loan with a new one. You can choose the type and length of the term, as well as the amount you wish to borrow.

Refinancing is something you should consider. A licensed mortgage expert like Jason Whigham can help you set clear financial goals and figure out the best way to reach them.

Mortgage Refinancing

Get in touch with Jason Whigham today to learn how we can help you refinance or buy your next Jason Whigham and his team.

We deliver some of the best loans to borrowers within the Greater Sacramento Area, including Granite Bay, Roseville, and Folsom.

To learn more, contact our Sacramento mortgage lending specialists today.

Roseville Down Payment Assistance offers first-time homebuyer down payment assistance to all California residents. We are for Sacramento first-time homebuyer products and non-Sacramento first-time homebuyer products.

Sacramento Down Payment Assistance products are making it easier for people in Roseville and the rest of California to buy their own homes.

Book Jason Whigham now to learn more about down payment assistance products
How you can apply it for your next home purchase here in California.
Save Money By applying for down payment assistance. Get started with a down payment assistance application today.

We have many programs like CalHFA
CalPlus Conventional
CalPlus FHA
The Chenoa program
The NADA Program
Golden State financial authority programs
Platinum and OpenDoors by Golden State Financial Authority (GSFA)
Plus many more other California down payment assistant programs for California residence.

10 First-Time Homebuyer Grants and Programs in 2023

Homebuyer

Homebuyer? We have years of experience in the mortgage industry, and our advice will help you reach your goal of buying a home.

When you view the mortgage rates on our website, we may be compensated by partner banks. The average home buyer in the United States saves for a down payment for seven years.

This is a long time to save for a down payment. When you are ready to buy, you should be able to do so. You can get closer to the American Dream faster if you use special programs, like grants for first-time home buyers.

Let's take a look at some grants and programs available for first-time homebuyers. First-time homebuyer grants, programs, and down payment assistance

TABLE Of CONTENTS

What is a First-Time Homebuyer Grant?

A grant for first-time homeowners is a grant that is specifically designed to help new homeowners in the country. Grants are awarded by the federal, state, and local governments. Grants are not subject to repayment because they serve a public purpose.

Homeownership is a public good for first-time homebuyers. Because homeowners are the economic heart of the United States, homeownership is a keystone.

Stabilize all types of neighborhoods
All communities can prosper
Family wealth can be built over time

Fed Research shows that first-time homebuyers can get $10,000 grants. So, it's not a surprise that Congress has recently put forward eight bills, including the LIFT Act, to help with grants and tax credits. It's an economic benefit for the economy if homeownership rates increase.

What are some first-time homebuyer grants?

The $25,000 Down payment towards Equity Program - Due in 2022
Congress introduced a bill titled "The Down payment Toward Equity Act" in 2021. This bill provided a grant to first-generation homebuyers and additional grant money for renters from economically or socially disadvantaged backgrounds.
Renters can get their first home through the Down payment Toward Equity Act, which provides up to $25,000 in grants. Grant money can be used to pay closing costs, make a down payment, or lower your mortgage rate using discount points. It can also be used for other expenses.
Verify your eligibility for the $25,000 Grant
National Homebuyers Fund
The National Homebuyers Fund, a public benefit corporation that is not for profit, is an example of a non-profit public charity. It provides up to 5% of the purchase price for first-time and second-time homebuyers.
First-time buyers may use the program with conventional, FHA or VA loans. The loan can be forgiven five years after the closing. The National Homebuyers Fund grant is not available to renters. Only your mortgage company can apply. To get a list with participating lenders, call (916) 413-3967
Pre-approval is the first step in grant approval.
3. Grants to the State and Local Government
Housing grants are available from state and local governments for first-time buyers who meet certain criteria. The grants start at $500. You can use the money to pay closing costs, reduce your mortgage rate, or for a down payment.

Local housing grants may require that buyers meet minimum credit requirements and have a household income of at least $2,000 per month.
You can apply for a state- or local housing grant by visiting your municipality's website. Search for "housing assistance" and "housing grants", then review the requirements for your program.
Check out this link to see if you are eligible.
The Homebuyer.com Mortgage Forgiveness Program
My-Down Payment forgivable mortgage acts like a housing grant. Approved buyers get cash for a down payment of up to 5%. No interest charges or repayment are required.
My-Down Payment mortgages are not available to everyone. Recipients must have an average credit rating, be eligible for an FHA loan and agree to a 30-year fixed rate mortgage. A 1-hour seminar may be required for buyers.
Here's how to check your eligibility for a forgivable loan.
Get pre-approved today for a mortgage
Request my pre-approval

What is the First-Time Homebuyer Program?

These programs are for people who have never owned a home before. These programs are similar to grants for first-time homebuyers. They typically come from the federal, state, or local governments.

These programs can be used to help with down payments, closing costs, tax credits, and forgivable loans. What are the different types of first-time homebuyer programs?

1. Conventional mortgages with low down payments Fannie Mae and Freddie Mac offer four programs for first-time homebuyers.

They offer low down payments, have low credit scores, and require low credit scores. Fannie Mae's HomeReady mortgage requires a minimum FICO score of 620 to qualify. When a HomeReady buyer buys a HomePath home with a HomeReady loan, they get a $500 credit toward closing costs.

HomePath Ready Buyers lets buyers get a 3% cash contribution toward the mortgage or closing costs.

Home Possible: The minimum FICO score for this 3 percent down payment mortgage is 660.

Freddie Mac supports "Home Possible."

Conventional 97: This Conventional 97 mortgage is backed by Fannie Mae and Freddie Mac. It requires a 3 percent down payment and a minimum FICO score of 620.

To find out if you are eligible for these programs, get pre-approved

2. Government-Backed Mortgages With No-or-Low Deposit These