I also got a phone message for "city employees" instructing me to call (213) 253-8139 and ask for the "Direct Federal Home Lender." Special rates in the "5% range," and loans available with no money down. My real estate agent AND my mortgate broker have told me that there are no longer federal loan programs to provide 100% of the loan. Furthermore, my employer sent out an email to all city employees telling us that "the City has not secured such a program and it is probably a scam or a gimmick of some sort." Watch out!
Machine said it was a real estate loan company who could provide 10 day cashout refi's in the 5% range (poosible for an arm right now, but not a fixed). The machine had my employer name, so somehow they got that.
I also got a phone message for "city employees" instructing me to call (213) 253-8139 and ask for the "Direct Federal Home Lender." Special rates in the "5% range," and loans available with no money down. My real estate agent AND my mortgate broker have told me that there are no longer federal loan programs to provide 100% of the loan. Furthermore, my employer sent out an email to all city employees telling us that "the City has not secured such a program and it is probably a scam or a gimmick of some sort." Watch out!