Follow Mountain West YouTube  
Follow Mountain West on Google+  
Follow Mountain West on Facebook  
Follow Mountain West on LinkedIn  
Follow Mountain West on Google+  
  • CHDAP Success Story
    FHA 30 Year Fixed w/ CHDAP Down Payment Assistance

    Richmond, California *Loan Funded 07/30/2012

    Purchase Price $389,000
    30 Year Fixed Rate (FHA) 3.750%
    Prepaid Expenses (New Escrow Account) $5,108.00
    Closing Fees, including 3rd Party $5,123.00
    New Upfront MIP *Paid in Cash Lender YSP $6,569.00
    Total Fee, Prepaid Expenses & UFMIP:   $16,800
    Lender YSP Credit to Buyer at 3.75%: -2.50% ($9,725.00)
    Seller Credit to Buyer: -1.80% ($7,075.00)
    Total Lender & Seller Credits: -4.30% ($16,800.00)
    New FHA (1st Mortgage): 96.50% $375,385
    CHDAP (2nd Mortgage): 3.00% $11,670
    Total Borrower Funds Required to Close: 0.50% $1,945.00
  • CHDAP Success Story
    FHA 30 Year Fixed w/ CHDAP Down Payment Assistance

    Palmdale, California *Loan Funded 08/15/2012

    Purchase Price $225,000
    30 Year Fixed Rate (FHA) 3.875%
    Prepaid Expenses (New Escrow Account) $3,541.00
    Closing Fees, including 3rd Party $6,836.00
    New Upfront MIP *Paid in Cash Lender YSP $3,800.00
    Total Fee, Prepaid Expenses & UFMIP:   $14,177
    Lender YSP Credit to Buyer at 3.75%: -2.50% ($5,428.00)
    Seller Credit to Buyer: -1.80% ($8,749.00)
    Total Lender & Seller Credits: -4.30% ($14,177.00)
    New FHA (1st Mortgage): 96.50% $217,125
    CHDAP (2nd Mortgage): 3.00% $6,750
    Total Borrower Funds Required to Close: 0.50% $1,125.00




CHDAP Down Payment Assistance

Mountain West Financial is one of a select few lenders in California with delegated authority to offer the CHDAP Down Payment Assistance Program. This program can also be combined with county specific MCC programs.

Piggyback a CHDAP with a FHA or VA 1st mortgage and receive a 3.00% deferred 2nd mortgage for down payment assistance and up to 6.00% seller or lender credit for closing fees and prepaid expenses.

Click Here:
Get Pre-Approved Today!

Unleash the power of California’s most popular down payment assistance program!

Access our Quick Quote to the right and get started today!

We look forward to working with you!

Sincerely,

Joseph M. Moore   *View Biography
Branch Manager
NMLS ID# 333648

Home Loan Now Available for
Teachers, Police Officers & Firemen

CalPATH Home Loans for Teachers, Police Officers, and Fireman

CalPATH Overview  |  Q&A  |  Press Release

Get Pre-Approved Today!

First Name 

Last Name 

Best Contact Number 

Phone Type 

Email 

Loan Request Type 

County 

Loan Officer 

Referred By 

I agree to MWF's privacy policy. Safe & Secure.