Sit Down With Loan Arrangers at Times’ Expo

Learning about federal and state low-down or no-down mortgage programs can be time consuming and frustrating. Where to go? Who to call? What are the rules?

Well, now you can sit down with federal, state and commercial loan officers who can explain the programs to you at the first Los Angeles Times’ Low-Down Home Loan Expo.

The expo, an all-day consumer education event, will be held from 10 a.m. to 4 p.m. Saturday, Sept. 24, at the Burbank Hilton Convention Center, 2500 Hollywood Way, Burbank.

Three one-hour panel discussions will be presented in the morning and then repeated in the afternoon. Experts will explain the programs in detail and answer your questions.

Learn about the FHA 3% down program or the no-down Cal-Vet home loans. Home buyers who want the money to buy a “fixer-upper” along with a home improvement loan can find out more about HUD’s 203(k) rehab loan program.

Besides answering your tax questions, the Internal Revenue Service can help explain the Mortgage Credit Certificate (MCC) program, which is available through participating cities. The MCC permits first-time buyers to receive a direct income-tax credit of as much as 20% of annual interest payments.

Cash-strapped home buyers who are looking for a bargain can sometimes find HUD foreclosure properties for as little as $100 down. Information will be available at the fair.

The cost of the all-day expo is $5, but clip the discount coupon in the ad in today’s Real Estate section and save $2.

To get more details about the Expo, call TimesLink at 808-8463 and press star 9420, or see the ad on K7.