Parkwoods at Gateway - CalHFA Eligible Homes

Parkwoods at Gateway - CalHFA Eligible Homes

Take the next step toward your new home with FCB Homes and Coast Home Loans

Qualified first time home buyers can choose Zero-down payment financing options from CalHFA

  • No down payment
  • Potentially no out-of-pocket costs
  • FHA or Conventional financing
  • Seller-paid closing costs
  • Limited-Time Opportunity available on select homes
Example is based on a sales price of $687,214 and a 30-year fixed-rate CalHFA FHA first mortgage with an interest rate of 6.375%, 7.321% APR and 0% buyer down payment from personal funds through applicable CalHFA subordinate down payment assistance. Estimated monthly principal and interest payment on the FHA first mortgage is $4,209.67. Buyer is required to provide an initial deposit in connection with the purchase; under this promotion, the deposit is fully refundable to the buyer at closing, subject to the terms of the purchase agreement and successful completion of the transaction. Seller-paid closing cost assistance is applied toward the buyer’s allowable closing costs, with the intent that a qualified buyer completing the transaction will have $0 out-of-pocket funds due at closing. Seller assistance cannot exceed actual allowable closing costs or applicable program limits. CalHFA down payment assistance is subordinate financing, not a gift, and is subject to repayment according to the applicable program terms. FHA first mortgage includes applicable financed upfront mortgage insurance premium (UFMIP). Property taxes, homeowners insurance, monthly FHA mortgage insurance and any applicable subordinate financing obligations are not included in the P&I payment shown; actual monthly housing payment will be higher. Buyer must meet CalHFA/FHA borrower, income, property, sales-price, homebuyer education and other program eligibility requirements. Minimum 700 FICO score assumed. $0 out of pocket applies only to qualified buyers using the specified financing and available seller assistance on select FCB Homes; actual cash required may vary if buyer-selected options, costs, fees or other expenses exceed available assistance or are not eligible to be paid by the seller or financing program. All loans are subject to credit approval, underwriting and program availability. Financing provided by Coast Home Loans. Equal Housing Opportunity. Coast Home Loans: CA DRE #02050654 | NMLS #1689518 | Blake Eagal NMLS #250496