Home › Homes Stories
Homebuyers can still buy without subprime or alt a financing
STORY TOOLS 
More from Homes StoriesMark Hetland researched several programs and spoke with many lenders until he found the experts at Pinnacle Financial Corporation of Thousand Oaks who fund the California Housing Finance Agency (CalHFA) first-time homebuyer program. Hetland was able to buy his first home with the help of the Extra Credit Teacher Program through CalHFA.
It always seemed like he was a half-step away from buying but after meeting Lori Bonfiglio of Pinnacle Financial Corporation, one of the preferred approved lenders through CalHFA, he was able to buy his first home. "CalHFA was the program for me since it helped a person such as myself that was a good risk but just needed extra assistance," Hetland said.
California Housing Finance Agency is a state program that offers down payment and closing cost assistance along with safe 100 percent financing options. The sales price and income limits with the program are very liberal with income limits in excess of $100,000. This allows first-time homebuyers to purchase single family residences in addition to condominiums. The agency offers additional assistance with the Extra Credit Teachers program for teachers employed in schools that meet certain criteria.
Bonfiglio and Linda Hall, who co-manage the Thousand Oaks Branch of Pinnacle Financial, specialize in working with first-time homebuyers as well as move up buyers. They offer free classes to the public to help buyers understand the process you go through when buying a home. The new Home Buying Center provides helpful information for all buyers as well as real estate agents. The two work closely with real estate agents to ensure the homebuyers are guided through the process with professional representation.
For more information and scheduled classes visit the Web site www.yourhomebuyingcenter.com, call Bonfiglio at 496-2411 or send e-mail to lbonfiglio@pinnaclefinancial.com
(Requires free registration.)
Comments on this site are to be used for the discussion and/or debate of issues related to our stories and editorials.
Comments should not stray from the subject of the story or editorial.
We don't allow the following:
We reserve the right to delete comments and/or ban users for these or other reasons we deem necessary.
Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.