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Want to buy a home in California but need help with down payment or closing costs? Now you can get up to 3% of the purchase price to help with down and/or closing. Review the sample scenario below: $325,000 Purchase Sample Scenario: Buyer with Little Money Down Borrower Contribution: 1/2% ($1,625) for Down Payment (Seller pay for Closing Costs) -Borrower Required Down Payment: .5% ($325,000 x .5%) $1,625.00 Total Financing 1st & 2nd: 99.5% of Sales Price = $323,375.00 -CHF ACCESS 2nd (Down Payment): 3% ($325,000 x 3%) $9,750.00 + -CHF ACCESS 1st: 96.50% ($325,000 x 96.50%) $313,625.00 + Conclusion: Total out of pocket for buyer on $325,000 purchase is $1625 if seller pays closing costs. Download our Free Qualification Check Sheet to see if you are eligible today.
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