Let us help you reduce or eliminate your down payment and/or closing costs

by Jennifer Ivy on May 9, 2011

Could you use assistance toward a down payment or closing costs on a new home? Shea Homes can help. We’re now participating in a homebuying assistance program that offers financial grants to prospective homeowners.

The CRHMFA Homebuyers Fund (CHF) Platinum Program is administrated by the National Homebuyers Fund, Inc. and is available through Shea Mortgage.

    • The grants are available to first-time and move up-buyers.
    • The grant can be used toward a down payment or closing costs.
    • The grant does not have to be repaid.

In addition to the CHF grant, Shea Homes San Diego is helping buyers save in the following ways:

  • Buyers are eligible for up to $20,000 to be used toward closing costs.
  • FHA buyers are eligible for $0 in closing costs OR interest rate buy-downs.
  • VA buyers are eligible for $0 down and $0 in closing costs.

We look forward to helping you. Call Shea Mortgage for more information at 858-526-6615.

Here’s the fine print:

• To be eligible for the CHF Platinum Program, buyers must have a minimum credit score of 620 and occupy the home as their primary  residence.

• The grant can be used toward the down payment and/or closing costs on a 30-year fixed-rate fully authorized FHA, VA or USDA mortgage loan, with the loan amount not exceeding $417,000.

• Total combined annual housing income not to exceed $90,600

• Other restrictions apply.

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