Home Buying in Stockton>Question Details

Amy, Home Buyer in Tracy, CA

I keep seeing some listings on Craigslist which state 1/2% down.

Asked by Amy, Tracy, CA Tue Jul 10, 2012

In my research, I've found this site http://www.chfloan.org. Is this legit? Does anyone have any experience with this program? Thanks.

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Taj Weldon’s answer
Hi Darren,
My lender does the CHF access program and Closes deals all the time with .05 percent down.

She is local , and can make it happen for you .
Don't trust dome website that you ate not familiar with, deal locally with people that you can meet face to face.

Call or email me today and let's get that CHF Access started.

As an example on a 300,000 dollar home you would only have to put down 1500 dollars!

If we ask the seller to pay closing costs, that is a steal!

As long as you can afford your mortgage, this can be a great opportunity.
Be sure to only purchase home that you can afford, it is all too easy to get excited about the small amount of money needed for a down payment and buy above your means.

Any way call or email me , to get started .

Thanks ,

Taj Weldon
0 votes Thank Flag Link Tue Jul 17, 2012
What's a good FHA lender in the ft.worth Texas area
0 votes Thank Flag Link Wed Feb 5, 2014
I have mortgage lenders that will do a 1/2% down FHA...so yes but they are using that advertising to get you to call them and buy through them. There are other mortgage brokers out there that will do 1/2% down FHA loans.

Here is one you can call:

Karyl Gately kgately@integr8tive.com 949-525-3939

0 votes Thank Flag Link Mon Jul 16, 2012
If a buyer combines an FHA loan with a CHDAP program second, then the down payment would be only 1/2 percent down. There are closing costs, but these can also be reduced down by asking the seller to pay the buyer's half of the closing costs. For more information on this subject, or to search homes for sale in the Central Valley - Tracy - Sacramento area go to http://www.ChristianChristopher.com
0 votes Thank Flag Link Sun Jul 15, 2012

After initial review of their website they appear to be legitimate and offer a variety of housing related financial assistance programs, as follows:

Proceed with caution (especially if they start asking you for money!) and continue to check them out. Better yet, engage two mortgage brokers to help you confirm they a legitimate; one Broker within the list of providers (below) and one not on the list (to understand all your options, like Suzanne provided).

Best, Steve
0 votes Thank Flag Link Tue Jul 10, 2012
Have you ever heard of a "come on"?
Do you think all advertisements are truthful?
Think about it.
0 votes Thank Flag Link Tue Jul 10, 2012
When I go to that site I get a 'bad request' message. I have never heard if .5% down. I do know the USDA offers 0% down loans and the FHA offers 3.5% down. If I were you I would talk to a local mortgage banker and see what programs are available. You would be surprised how many areas qualify for USDA loans!
0 votes Thank Flag Link Tue Jul 10, 2012
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