Michelle Lee Realtor

13/01/2024

06/05/2022

🌟🏠California has just launched a new program to help first-time homebuyers with down payment!🔑

It's called California's Forgivable Equity Builder Loan.

Because I am not a lender, these are super brief highlights😉...

- For first-time buyers to borrow up to 10% of the home's purchase price.
- If the homebuyer stays in the home for five years, they won’t have to repay the junior loan, which has a 0% interest rate.
- The loans are available to middle-income families making less than 80% of the area median income in the county where the property is located. For instance, in Sacramento a family can make up to $72,700 and qualify for the loan. In San Diego County, the limit is $76,080, while in Santa Clara County the limit is $118,960.
- It can be used for down payment or closing costs, including rate buydowns.
- Applies to Single Family Homes, Condo's, Manufactured Housing, PUD...
- The loan is available through CalHFA's network of lenders, which covers every California county.

📝How to apply
Families who think they’re eligible and want to apply can click on link below to Find a CalHFA Loan Officer and contact one in their area.

Find an approved CalHFA Loan Officer to assist you in financing your first home. Lenders & loan officers must be trained and approved to do CalHFA home loans.

25/04/2022

👍👌

11/04/2022

Going as least costly, yet noticeable to appeal🏡🌟If you would like a customized recommendation, send me a message!☺️

04/04/2022

From my real estate youtube videos I made in my earlier years🎬 (basically of me reading my notes lol), the video of my 📉Foreclosure got the most views. It is a scary situation, unfortunately it happens as people will go through unexpected life challenges.

04/04/2022

I enjoy thinking of creative ways to enhance the whole marketing experience when selling a house. This seller had a lot of lovely trees and since he knew all the names, I thought it would be great for the new homeowner to know too. (Hung these on each tree). I think its those small details that can make a difference😊🎈ps. This house sold at a new record price & it blessed me with a new seller who hired me shortly after🙏

03/03/2022

🌆Live in an Urban Area? Thought about building two units on your residential lot?🏠🏠You may get approved! Check with your local city/county for more details (or can send me a message and I can email you their Quick Guide Sheet).📝

18/02/2022

🏠*NEW* First-Time Home Buyers $10,000 Grant:
New program just launched this month for first-time home buyers to close homeownership gaps that impact the state's underserved communities.

⭐️Here are quick highlights:
- Providing up to $10,000 in closing cost assistance.
- No repayment is required.
- Funds available on a first-come, first-serve basis with a fully accepted purchase contract.

✅To Qualify:
- Recipient must be a member of an Underserved Community. “Underserved Community” includes: (i) people of color; (ii) persons who are homeless or otherwise experiencing housing instability; (iii) persons with disabilities (physical or mental), particularly persons living in housing with one or more qualities of an institutional setting, persons leaving institutions, or persons at-risk of institutionalization; (iv) persons living in impoverished areas or experiencing persistent poverty or inequality, including historical wealth disparities as compared to majority groups; and (v) le***an, gay, bisexual, transgender, and q***r (LGBTQ+) persons.
- Recipient’s income must be no more than 120% of the Area Median Income (“AMI”) as set forth by the Federal Housing Finance Agency (“FHFA”).
- Recipient must be represented by a REALTOR® in the transaction.
- Recipient must certify they intend to move into the property within 60 days of close of escrow and occupy the property as their principal residence for at least three (3) years.
- Recipient must be left with no more than $20K in savings after the purchase.

18/02/2022

❤️🙏 Always taking my job seriously to make my clients happy. So thankful and grateful.