1.75%

Term: 30 Yr Fixed
Long beach, CA
Lender: Citimortgage
  • Mortgage Amount
    $405,000
  • APR
    2.126%
  • Mortgage Payment
    $1,918
  • Property Type
    Single
  • Closed
    06/08/2016
  • Buy-Down
    $20,250
  • Down Payment
    $0
  • Closing Cost
    $0

Buying a house was something we never thought we would be able to afford.  Coming up with a down payment would take years, especially with high rent prices in Los Angeles.  We had good credit but lots of student loan debt.  When we attended the NACA Homebuyer Workshop, we realized buying a home could actually be a reality for us.  We met with our counselor Maribel Barcenas.  She was great at breaking down the process and giving us concrete steps to reach pre-qualification and obtain a loan.  NACA referred us to our real estate agent, Carmela Jacobs.  She really understood the NACA process and went above and beyond to help us find a home and navigate the purchase process.  We purchased a beautiful home in Long Beach, California.  We were able to buy down the interest rate to 1.75%, and we’re excited to have a mortgage payment we can afford for years to come.