Benicia CA Real Estate, Vallejo CA Real Estate

Downpayment Assistance Availaible for First Time Home Buyers

Downpayment assistance is back for First Time Home Buyers who need extra help in purchasing their first home. Several years ago I assisted First Time Home Buyers with purchasing a home using the CalHFA down payment assistance program.

What a great opportunity to get a home with as little as 1% down. WOW! Just think you could be in a new home by the New Year.

The program highlights are the following (as not everybody can get this assistance):

You must have a credit score of at least 620
Program is for single family homes and FHA approved condos (no multi units)
Buyer must provide 1% of the down payment from their own funds...no borrowing from mommy or daddy
Buyer can ask for up to 3% toward a seller contribution toward closing costs
There are limits to a qualifying buyers income, check out www.calhfa.ca.gov for more more information

Mortgage rates are at an all time low and so are home prices. You can not get a better combination and add to the mix the ability to own your home for very little down......a dream come true.

Make your home buying dream come true this Holiday Season. Check out the CALHFA downpayment assistance program by calling a trusted Mortgage Lender who works with this program.

Then call your trusted REALTOR to find your new home!

Posted - 11/06/2010