First Time buyers can qualify for programs that will cover some of the cost in a pricey market.
Agencies that provide programs for first time buyers:
1. Help Program
2. American Dream Down payment Initiative.
Buyers are required to have 3% down payment of purchase price, plus closing costs at least $5,000.00.
Must be First-Time Homebuyer (not have owned residential property in past 3 years)
Must remain owner- occupied
Compatible with FHA, Calhfa and conventional financing
Property must be a single-family unit (SFR, Condo, Town home)
Program conditions and restriction may apply
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