is this program for?
does the program work?
properties are eligible?
other else do I need to know?
do I apply??
The program gives homeowners a silent second loan of up to 5% of the loan amount. This second mortgage is forgiven AFTER 3 years and does not need to be repaid.
The grant can be used towards down payment and/or to cover closing costs.
The Platinum Program grant can be combined with FHA, VA, USDA and Conventional financing
This program is for low to moderate income households who intend to occupy the property as their primary residence. The applicant DOES NOT need to be a first time homebuyer.
The income limits for this program can be Found on the INCOME LIMITS PAGE
Certain occupations qualify for an instant forgiveness of the grant. Click HERE to see the list
Qualifying occupations in CA include:
Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers and others serving in a Law Enforcement capacity;
Firefighters, CalFire, paramedic, and Emergency Medical Technicians (EMTs), including administrative staff that supports firefighters; and
Current members of the California State Teachers Retirement System (CalSTRS) or University of California Retirement Plan (UCRP), employees of a California accredited Private, Charter or Public School District or California State University, Junior College or Private College, including school administration and staff.
Single family homes, town homes and condominiums located within the State of California are eligible. Multi unit properties are eligible only if guidelines for the first mortgage allow it them.
As already mentioned, these guidelines are not the complete set of eligibility and qualification requirements but rather an overview.
Applications are made through an approved participating lender
Laura Borja with Ocean Lending is an approved participating lender
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992-4061
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Download the application worksheet
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(866) 765-3804
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Call
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IN PERSON
Download the application checklist
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Laura Borja | Senior Mortgage Consultant | NMLS#199107
Cell: (619) 992-4061
laura@lauraborja.com
27271 Las Ramblas ste 150 Mission Viejo CA 92691
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This website is not authorized by the New York State Department of Financial Services to accept mortgage loan applications for properties located in New York. Intended for California Consumers Only.
Ocean Lending Home Loans Inc. NMLS ID #1626788 (www.nmlsconsumeraccess.org). 27271 Las Ramblas ste 150 Mission Viejo CA 92691 (888) 508-5030. All rights reserved. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Ocean Lending is not affiliated with any government agency. Licensed by the Dept of Business Oversight under the California Residential Mortgage Lending Act License # 41DBO-76602 and Finance Lenders Law Lic # 60DBO71981