If I make 70k a year do I still qualify for the first time programs.fha, chdp, n others.

Asked by marcoslbc, Long Beach, CA Wed Jan 8, 2014

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7
Kawain Payne, Agent, Seal Beach, CA
Mon Jan 13, 2014
Sure you can.

Income limits vary from county to county If you go to the CHDP website you may be able to find the table that outlines income limits by county.

Best of luck to you!


Kawain Payne, Realtor
0 votes
Claudia Mull…, Mortgage Broker Or Lender, Fremont, CA
Thu Jan 9, 2014
Each county has different income parameters.
Income is based upon the number of people in your family.
As the number of people in your family increase, the maximum allowable income for that area increases, as well.
The income is based upon the median income for that county.
0 votes
Sara Joy Cra…, , Huntington Beach, CA
Wed Jan 8, 2014
Hi Marcos,

I would be honored to help you search for the perfect home for you. If you would like a list of what is currently available and are ready to start previewing homes simply call or email me.

Happy home searching!

Sara Joy Cramer
562-308-6266
Realty ONE Group
01889507

"Allowing Mother's Intuition to Guide YOU Home!"
0 votes
Anthony Reve…, Agent, Long Beach, CA
Wed Jan 8, 2014
CHDAP has limitation which are 3 people minimum on a 70k annual income.
0 votes
Alexander Gr…, Agent, San Jose, CA
Wed Jan 8, 2014
Yes. Let me know if you need a recommendation for a real estate agent.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com

408-352-5147
AGreer@TheMortgageOutlet.com
0 votes
Elva Wormley, Mortgage Broker Or Lender, San Jose, CA
Wed Jan 8, 2014
Hi Marcos,

FHA does not have income limits.

If your annual salary is $70k, with CHDAP behind a conventional mortgage, you would need to have 3 in your family to qualify in Los Angeles county. And that is the same for the CALHFA MCC program.

With CalPlus, CalFFA, ECTP and CHDAP behind an FHA loan, you would need 4 in the family in Los Angeles county if your annual salary is $70k.

Income Limits for NHF / CHF Down Payment Assistance Programs is $80,040 for Los Angeles County.

Best regards,

Elva A. Wormley
Mortgage Consultant
(408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / DRE #01274093
0 votes
lol i just wrote and did not see your response. I love you lenders. All over it!
Flag Wed Jan 8, 2014
Anthony Reve…, Agent, Long Beach, CA
Wed Jan 8, 2014
Yes, it depends on how many people you support with that income. For that you will need minimum 3. If you need more info or help in this whole home buying process let me know.

Best Regards,
Anthony Revels Jr, Realtor
Nationwide Real Estate Executives
(562) 719-3265 CELL
(562) 423-8134 OFFICE
(714) 947-1437 FAX
BRE# 01937403
http://www.revelsrealtysearch.com
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