We've mentioned that FHA, VA, and Cal-HFA government-sponsored loans (the govies) are likely to become more popular, now that subprime loans have dried up. There is also the ACORN program - loans funded by Bank of America and Chase for first-time homebuyers (or at least to anyone who doesn't currently own real estate). It is considered a "low-to-moderate income" program, here are some of the highlights:Borrowers' income limit in SD is $97,000, higher in the OC. 30 and 40-year fixed-rate loa

First-Time Homebuyers Loan
We've mentioned that FHA, VA, and Cal-HFA government-sponsored loans (the govies) are likely to become more popular, now that subprime loans have dried up. There is also the ACORN program - loans funded by Bank of America and Chase for first-time homebuyers (or at least to anyone who doesn't currently own real estate). It is considered a "low-to-moderate income" program, here are some of the highlights:Borrowers' income limit in SD is $97,000, higher in the OC. 30 and 40-year fixed-rate loa