Are you a first time home buyer?  If so, this info is for you.  Even if you aren’t, perhaps you know someone that will benefit from this info so please read on.  Every year California puts away a couple of billion dollars to make it easier for first time home buyer’s to get their first home.  This combined with several Santa Clara County financial aid programs for first time home buyers means that if you qualify, you can get low or no interest rate loans for down payments and closing costs and you don’t have to pay them back until you sell the home. Plus, the CalHFA loan program for first time home buyers is a great program allowing a buyer to get their first home with a lower than normal interest rate even if they have marginal credit scores.  The CalHFA program allows a home buyers to purchase a home up to $673,000 which can get you a pretty decent home.  This combined with the fact that you may not need any money as a down payment or at worst, a small down payment, can help a first time home buyer to get into their home easier than any other way I know.

OK, you may be thinking that you aren’t a first time home buyer, and maybe so but for the purposes of this program, you would qualify if it has been 3 years or more since you have owned a personal residence, even if you currently own rental property or land.  Not bad eh?

In my experience, the program is ideal for a young couple currently renting and trying to save up money to buy a home.  They may be renting a 2 bedroom condo or apt and paying $1700 a month or so.  With this program, I could find them a condo to buy with effective payments not far from what they pay now and they can enjoy the benefits of increasing home equity instead of watching home prices keep going higher as they try to get a down payment together.

If you or someone you know would be interested in this program, please contact me to see if you qualify.  Hint, it is easier to qualify then you think.  You can’t make too much money and you can’t have horrible credit but other than that, you have a great chance of fitting in this program. 

Oh, and if you are a teacher or staff working at a qualified school, there is even more money available to help you.  Don’t let this opportunity go away. Call me today to get more info.

For More Information, Send me an E-Mail at Steve@KentSales.com