San Francisco Federal Credit Union has a home loan product that offers up to 100% financing on your dream home! Why pay ridiculous rent when you can buy your own home with the customizable POPPYLoan™? It’s a game-changing solution to that woeful lament: “I don’t have enough money for a down payment!“你所需要的只是良好的信用!
关于GPK电子游戏的POPPYLoans，您需要了解的是:
- POPPY stands for “Proud Ownership Purchase Program for You”
- POPPYLoan™最高可达200万美元
- Financing available up to 100% of the purchase price or appraised value, whichever is less.
- Your credit score needs to be excellent (700 and above)
- You may qualify as long as you work in San Francisco or 圣马特奥市 County
- Available for primary residences only, in all nine Bay Area counties
- 没有私人按揭保险(PMI)
- 税 & 保险扣押是必需的
- Eligible property types are single family residential, 业主占用多户2-4个单元, 和公寓
PoppyLoan常见问题
We were seeing too many people interested in home loans, who were qualified in every way with great credit scores. But they didn’t have enough money saved up for the 20% down payment required for a conventional mortgage loan.
拿到首付款, they would have to tap into their retirement accounts or borrow from a family member. 这并不理想!
GPK电子游戏还看到湾区的租金飞涨. Many people can actually afford the monthly mortgage (look at the amount of money being paid in rent each month!), but have a difficult time securing funds for the necessary down payment. We wanted to find a solution to this growing problem and help our community.
As San Francisco’s credit union of choice, we created a real solution for our community. Our “Proud Ownership Purchase Program for You,” or POPPYLoan™, is our answer.
To qualify for a POPPYLoan, your credit score must be in the excellent or very good range. 这意味着最低分数约为700分.
No, there are never any prepayment penalties on any loan you may have with San Francisco Federal Credit Union. You can pay off your loan at any time without incurring a prepayment penalty
第一个, a PoppyLoan is only given to someone who intends to use the property for their primary, 房主自住房屋. The property must be in one of these nine Bay-area counties: San Francisco, 圣马特奥市, 阿拉米达, 柯斯, 马林, 纳帕, 索诺玛, 索拉诺或圣克拉拉.
属性类型可以有所不同，包括:
*单户住宅
*多户住宅，有2至4个单位
*公寓
*联排别墅
* PUD(计划单位发展)
没有，没有PMI的要求.
San Francisco Federal Credit Union may grant a 60-day rate lock at the time we receive your completed appraisal. Otherwise, please note that mortgage rates may change on a daily basis.
San Francisco Federal Credit Union offers a wide variety of conventional and jumbo home purchase loans available to members with no restrictions on geographical work area, and with higher loan-to-value financing up to 80% (certain restrictions may apply.) If you would like more information about any home purchase programs the Credit Union offers, 或者想多谈谈POPPYLoan, please feel free to call us at [415-359-2977|] or email us at (电子邮件保护)
POPPYLoan没有首付要求. 最高贷款金额和项目要求适用.
No, POPPYLoan is not available to refinance an existing mortgage loan.
POPPYLoan is a 5/1 adjustable rate mortgage which is amortized over 30 years. This means the interest rate and monthly payment are fixed for the first 5 years of the loan and will adjust annually thereafter.
The loan has an opportunity to reprice at the 5-year mark and then once annually at a max of 2% at each adjustment and no more than 6% over the life of the loan.
gpk电子游戏官网收取1美元,700 loan origination fee for any type of mortgage loan with an LTV above 80%.
POPPYLoan also has an additional origination fee based on the loan-to-value and credit score. 请GPK电子游戏了解更多详情. Plus, you are also responsible for standard third-party closing costs.
All applicants must qualify for membership and work in San Francisco or 圣马特奥市 County.
POPPYLoan eligibility also depends on a number of additional factors, 比如信用评分, 收入, 就业状况, 以及财产价值和资格.
是的, we require you to establish an impound or escrow account which will pay your annual taxes and insurance when they become due. The payment is paid each month with your regular principal and interest payment on your loan.
是的, 在最终批准贷款之前, a property appraisal with an interior and exterior inspection will need to be completed to verify the property meets eligibility standards.
Closing costs are costs associated with a new mortgage. 典型的交易成本包括评估费用, 产权保险, 标题搜索, 转让税, 结算服务, property taxes and hazard insurance premiums and government recording fees. These fees vary depending on the transaction type and the geographic location of the property.