Jeff Hansen & Arvin Paredes


Downtown San Jose Condo & Townhouse Living

The Home Run Program

Unique Program for First-Time Homebuyers



As the real estate market continues to stay hot, lenders are creating programs to help more buyers have the ability to qualify for home loans. After the peak in 2006, the downturn caused the majority of banks to become a lot more conservative in lending. The market started to improve in this area during the early springtime in 2012. Ever since that time, lenders have been much more responsible with lending practices while also instilling confidence in people to buy homes. There are many programs out there, and many banks have programs targeting specific groups of consumers, one of which are for first-time homebuyers. I wanted to take the time to briefly mention one program for first-time homebuyers, although there are many out there. Having connected with a particular lender recently, their “Home Run Program” peaked my interest. I told her that we specialize with helping people both buy and/or sell in downtown San Jose, and thus began the brief conversation on the unique program for first-time homebuyers.

Here are the key points of the Home Run Program:

Finance up to $417,000 – 3% down payment, fico: 640, NO MORTGAGE INSURANCE

Finance between $417k – $625k – 5% down, fico: 680, NO MORTGAGE INSURANCE

Buyers can qualify up to $3000 towards closing cost.

Buyer must take a 1st time homebuyer class.

Property must be located in an LMI-Census Tract:

Just put in the state and county. LMI tract will be in purple. This link is for reference only. Please be sure to email me the property address for more accuracy.

If you or anyone you know can benefit from this program, please feel free to contact us so we can get you pre-approved. It’s a great program that’s going to prove to be extremely beneficial for many first-time home buyers out there. Surely, it won’t be the last.


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