"No home payments for one year" is the offer at Orangethorpe Village in Fullerton.
That's right, says Mike Mitchell of the Mitchell Co., sales agent for the town-house project. He claims that the Orangethorpe Village seller will pay the buyer's principal and interest for 12 months.
"Under a Graduated Payment Mortgage Program, in which buyers who make between $24,500 and $35,000 can qualify at 8 3/4%, we are offering no principal and interest payments for one year," he elaborated. Home prices start at $85,990.
Further details are available at the project, where the sales office at 2400 W. Orangethorpe Blvd. is open daily from 11 a.m to 6 p.m.