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California Homebuyer’s Downpayment Assistance Program Product




• Owner Occupied Purchase, 1 unit dwelling only (5 acre maximum & property cannot be income producing)

• Up to 3% of Sales Price or value whichever is less @3.25% simple interest with deferred payments

Note: repayment of the principal and interest on subordinate loan shall be due and payable at the earliest of the following:

1) transfer of title,

2) Sale of the property,

3) Payoff or refinance of 1st TD,

4) Recording of a Notice of Default.

• Borrower must be a first-time homebuyer (cannot have owned a property in the last 3 years)

•Homebuyer education must be completed by all borrowers.

• Max $250 processing fee allowed for 2nd TD (2nd loan package must be submitted & disclosed)



• Sales Price limit applies per County

• Household income limit applies per County

• Please check limits at or CHDAP manual.

(may be subject to change annually)

(Note: Household income is defined as the annualized gross income of a mortgagor and any other person who is expected to liable on the mortgage, be vested on title and live in the residence)



• DU Approved/Eligible required – Manual UW is NOT allowed

• Max. 43% DTI (based on qualifying income not household income)

• Non-occupant co-borrowers are not allowed

• FHA/VA/USDA – min. 640 qualifying credit score required

• Conventional @95% LTV or below – min. 640 credit score required

• $1,000 min. required investment for 680 qualifying credit score or higher (Gift allowed DU approval)

• $1,500 min. required investment for 640 – 679 qualifying credit score (Gift allowed with DU approval)

• 3 years 1040’s or IRS 1040’s Transcripts required (signed 4506-T required in file)

• 2 Year Home Warranty required (except new construction)- If paid by borrower cost can be used toward the min. required investment

• All documents must be dated within 60 days of submission to CALHFA (includes credit report, VOE’s/VOD’s, paystubs & bank statements)

(Note: Community property law may imply an interest in a property if when the non-purchasing spouse owns an O/O property)



• Homebuyer Education Certificate (all borrowers)

• Tax Return Affidavit

• Military Service Questionnaire

• Borrower Affidavit of Household Size

• Borrower’s Certification & Authorization to release information



1. A purchase contract must be fully executed prior to reservation

2. Lender to reserve CHDAP funds prior to submission of 2nd TD package to CALHFA (90 day expiration or 180 day expiration required for new construction)

3. Loan can be locked with CALFHA when all PTD conditions are signed off by CHDAP U/W (60 day expiration required for locks)

4. All loans must be approved, closed, delivered & purchased prior to reservation expiration date.




Your Loan in the Valley

818 810 4646



How to Generate Leads in Real Estate


A successful real estate agent is adept at generating leads. Within the real estate industry, a lead is information on a possible buyer or seller. It is more efficient to target individuals already considering purchasing or listing property, as opposed to the general public. If the lead comes from a person the potential client knows and trusts, then the real estate agent has an advantage over other agents, when contacting the lead.

1. Send regular mailings to past clients, either monthly or quarterly, with valuable information, such as real estate tips and news, or an occasional marketing calendar or gift. This will remind them you are still in business, and entice them to refer you to a friend or to call you, if they need your professional services.

2. Pass out your photo business card during out-of-town real estate conventions or classes. Make contact with fellow agents in other communities and let them know you pay for referrals from other agents. If you make an impression, and establish yourself as an authority in your community, they may refer you to their clients who are shopping in your area.

3. Send out “just listed” or “just sold” postcards to neighborhoods where you just sold or listed property. Contact your local title and escrow company, as they may be willing to supply you with mailing labels or addresses for specific neighborhoods. Let the people know you are doing business in their neighborhood, as they may also require your services.

4. Join service organizations and clubs, and let your fellow members know you are practicing real estate. Become involved in the organization, and show your fellow members that you are active in the community, trustworthy, dependable and knowledgeable in real estate.

5. Start a real estate blog or website and offer to send visitors to the site free information, in exchange for completing a questionnaire, which you will use to generate leads.

6. Establish relationships with attorneys, paralegals, lenders, bankers, insurance agents and other professionals with clients, who may be looking to buy or sell property. Establishing just one solid relationship with an estate attorney has the potential for generating countless leads.

Source:   Photo by: sdmania

Your Loan in the Valley

Common Ways to Hold Title to California Real Estate


There are numerous ways to hold title to California real property.  The best method depends on many factors.  You should consult with your legal, financial and tax advisors before deciding on how to buy, hold and ultimately sell your California real estate.

This web page will give you a quick and concise overview of the most common ways to hold title to real property in California.  California real estate can be held by individuals as sole owners or as co-owners.  Co-ownership of California real estate involves two or more individuals or entities acquiring and holding title together.

Sole Ownership by Person or Entity

A Single Person

An individual who is not and has never been legally married.  Example: Maria Perez Rodriguez, a single woman.

An Unmarried Person

An individual, who having been married at one time is now legally divorced, or an individual, having been in a registered domestic partnership at one time, that has been legally dissolved.  Example: Maria Perez Rodriguez, an unmarried woman.

A Married Person or Registered Domestic Partner as their Sole and Separate Property

When a married person or registered domestic partner desires to purchase and hold title to California real estate in his or her name alone.  The spouse or registered domestic partner must generally consent to this by executing and recorded a Quit Claim Deed.  Example: Mary Jane Smith, a married woman, as her sole and separate property or Maria Perez Rodriguez, a registered domestic partner, as her sole and separate property.

A Legal Entity

An entity such as a general partnership, limited partnership, limited liability company, corporation, or other such legal entity.  Example: Local Management Corporation, a California corporation.

Co-Ownership by Person or Entity

Community Property

The California Civil Code defines community property as property purchased either by a husband and wife (or registered domestic partners) together or by a husband or wife (or registered domestic partners) individually.  Real estate acquired and held by a married person is deemed to be community property of the husband and wife unless otherwise stated.

The husband and wife (or registered domestic partners) both have the right to dispose of one-half of the community property under community property law.  The one-half of the community property will automatically go to the surviving spouse if the deceased spouse did not otherwise disposed of the community property to someone besides his or her spouse.  Example: Alberto Barros and Maria Perez Rodriguez, as husband and wife as community property.

Community Property with Rights of Survivorship

Community property of a husband and wife (or registered domestic partners) when expressly declared in the transfer document to be community property with rights of survivorship, shall, upon the death of one of the spouses (or registered domestic partners), pass to the survivor without going through probate.  Example: Alberto Barros and Maria Perez Rodriguez, as husband and wife as community property with Rights of Survivorship.

Joint Tenancy

Joint Tenancy is defined in the California Civil Code as a joint interest owned by two or more persons in equal shares.  The joint tenancy is generally created by a single will or transfer that expressly declares the interest to be joint tenancy.

The primary benefit of joint tenancy is the right of survivorship.  Title to the real estate will immediately vest in the surviving joint tenant upon the death of a joint tenant without the need to go through probate.  Example: Alberto Barros and Maria Perez Rodriguez, as husband and wife as joint tenants.

Tenancy-In-Common or “TIC”

Individuals or entities can acquire an undivided percentage interest in a specific real property with each tenant-in-common owner holding a different percentage ownership in the real property.  There is no right of survivorship, and a tenant-in-common interest will not by-pass probate unless held in a Title Holding Trust, Grantor Trust or other method that would by-pass probate.  Example: Maria Perez Rodriguez, a single woman, as to an undivided 25% interest, as tenants-in-common.


Title held by partners in a partnership.  Ownership interest is in relationship to the interests of each partner in the partnership.  The partners each of equal right of possession, but only for partnership purposes.

Title Holding Trust or “THT”

Real estate in California can be purchased and held by, and ultimately disposed of through, a Title Holding Trust or Land Trust.  Legal and equitable title to the California real estate is bought and held by the Trustee of the Title Holding Trust.  The Title Holding Trust holds the real property on behalf of the Beneficiary of the trust.  The Beneficiary retains complete control over the trust and has complete power of direction over the trust.  The Trustee can not act without specific written authorization and direction from the Beneficiary(ies).   Example: Exeter Fiduciary Services, LLC, as Trustee, of THT Trust No. XX XXXX.

Registered Domestic Partners

Registered domestic partners are those individuals that have registered with the California Secretary of State’s Domestic Partners Registry.  Ownership and managerial interests are generally equal.  Title is vested in the “community” with each interest being separate but management is unified.  The registered domestic partners each have equal management and control.  Conveyance of real estate requires written consent of both partners.

The above is a concise summary of some of the more common ways to acquire, hold and dispose of real estate in California.  It is provided for informational purposes only and should not be relied upon for legal, financial or tax advice.  There are significant legal and tax implications depending on how you choose to hold title to your real property.  You should consult with your legal, financial or tax advisors before making a decison on how you will hold title to California real estate.

Guía de Registro y Emisión de Ofertas HUD

El ser Real Estate require de un sin número de conocimientos para competir en el mercado. Uno de los más importantes es saber manejar el sistema HUD.

Si no tienes idea de lo que estamos hablando o tienes algo de conocimiento en tema, te invitamos a Descargar esta guía que te servirá para Registrarte y Emitir una Oferta en

Una solución fácil y explicada en 14 simples pasos, cortesía de Your Loan in the Valley.



Si estas buscando más información acerca de éste y otros temas, no dudes en comunicarte con us especialista de Your Loan in the Valle. 818 810 4646

Your Loan in the Valley 2014

10 Best-Kept Secrets for Selling Your Home


Tricks of the trade to help you get top dollar when selling your home.

Selling Secret #1: The first impression is the only impression
No matter how good the interior of your home looks, buyers have already judged your home before they walk through the door. You never have a second chance to make a first impression. It’s important to make people feel warm, welcome and safe as they approach the house. Spruce up your home’s exterior with inexpensive shrubs and brightly colored flowers. You can typically get a 100-percent return on the money you put into your home’s curb appeal. Entryways are also important. You use it as a utility space for your coat and keys. But, when you’re selling, make it welcoming by putting in a small bench, a vase of fresh-cut flowers or even some cookies.

Selling Secret #2: Always be ready to show
Your house needs to be “show-ready” at all times – you never know when your buyer is going to walk through the door. You have to be available whenever they want to come see the place and it has to be in tip-top shape. Don’t leave dishes in the sink, keep the dishwasher cleaned out, the bathrooms sparkling and make sure there are no dust bunnies in the corners. It’s a little inconvenient, but it will get your house sold.

Selling Secret #3: The kitchen comes first
You’re not actually selling your house, you’re selling your kitchen – that’s how important it is. The benefits of remodeling your kitchen are endless, and the best part of it is that you’ll probably get 85% of your money back. It may be a few thousand dollars to replace countertops where a buyer may knock $10,000 off the asking price if your kitchen looks dated. The fastest, most inexpensive kitchen updates include painting and new cabinet hardware. Use a neutral-color paint so you can present buyers with a blank canvas where they can start envisioning their own style. If you have a little money to spend, buy one fancy stainless steel appliance. Why one? Because when people see one high-end appliance they think all the rest are expensive too and it updates the kitchen.

Selling Secret #4: Take the home out of your house
One of the most important things to do when selling your house is to de-personalize it. The more personal stuff in your house, the less potential buyers can imagine themselves living there. Get rid of a third of your stuff – put it in storage. This includes family photos, memorabilia collections and personal keepsakes. Consider hiring a home stager to maximize the full potential of your home. Staging simply means arranging your furniture to best showcase the floor plan and maximize the use of space.

Selling Secret #5: Don’t over-upgrade
Quick fixes before selling always pay off. Mammoth makeovers, not so much. You probably won’t get your money back if you do a huge improvement project before you put your house on the market. Instead, do updates that will pay off and get you top dollar. Get a new fresh coat of paint on the walls. Clean the curtains or go buy some inexpensive new ones. Replace door handles, cabinet hardware, make sure closet doors are on track, fix leaky faucets and clean the grout.

Selling Secret #6: Conceal the critters
You might think a cuddly dog would warm the hearts of potential buyers, but you’d be wrong. Not everybody is a dog- or cat-lover. Buyers don’t want to walk in your home and see a bowl full of dog food, smell the kitty litter box or have tufts of pet hair stuck to their clothes. It will give buyers the impression that your house is not clean. If you’re planning an open house, send the critters to a pet hotel for the day.

Selling Secret #7: Play the agent field
A secret sale killer is hiring the wrong broker. Make sure you have a broker who is totally informed. They must constantly monitor the multiple listing service (MLS), know what properties are going on the market and know the comps in your neighborhood. Find a broker who embraces technology – a tech-savvy one has many tools to get your house sold.

Selling Secret #8: Light it up
Maximize the light in your home. After location, good light is the one thing that every buyer cites that they want in a home. Take down the drapes, clean the windows, change the lampshades, increase the wattage of your light bulbs and cut the bushes outside to let in sunshine. Do what you have to do make your house bright and cheery – it will make it more sellable.

Selling Secret #9: Half-empty closets
Storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy.

Selling Secret #10: Pricing it right
Find out what your home is worth, then shave 15 to 20 percent off the price. You’ll be stampeded by buyers with multiple bids — even in the worst markets — and they’ll bid up the price over what it’s worth. It takes real courage and most sellers just don’t want to risk it, but it’s the single best strategy to sell a home in today’s market.


Image courtesy of Stuart Miles /

Your Loan in the Valley



Loans are not a State of Mind

November 08, 2013 8.30am
15650 Devonshire St. Granada Hills, CA 91344


Your Loan in the Valley



Your Loan in the Valley

15650 Devonshire St. Ste 312, Granada Hills,  CA 91344

818 810 4646



Everything you don’t know but ought to…
October 25, 2013 8.30am
15650 Devonshire St. Granada Hills, CA 91344
Your Loan in the Valley

The Housing Market Doesn’t Have to be Scary!


Real estate agents love to send out postcards, and homeowners love to be remembered, that’s why your clients will appreciate a helpful postcard for Halloween.  One way to grab their attention is by sending a Halloween themed postcard with a cute greeting such as, “The Housing Market Doesn’t Have to be Scary” along with your information. On the other side of the postcard, you can include tips for safe trick-or-treating on Halloween. As a parent, or adult, who will be handing out candy, it’s always good to have a thoughtful reminder of safety tips.  Usually these postcards will end up on refrigerators, and after Halloween, they can just be turned around leaving your information visible year-round!


Your Loan in the Valley



There’s a lot of details you don’t know about loans, here is an opportunity to jump in Real Estate Loan Basics.

Servicio único que sólo Your Loan in the Valley te ofrece.

Your Loan in the Valley

15650 Devonshire St. Ste 312 Granada Hills, CA 91344

818 810 4646