City of Fremont First Time Home Buyer Workshop on April 21

The City of Fremont and President Obama want first-time home buyers to achieve their dreams. Now is a fantastic time to purchase your first home.

As part of the economic stimulus package, President Obama signed into law a first-time home buyers tax credit of $8,000. First-time homebuyers who purchase a home this year between Jan. 1 and Dec. 1 may be eligible for the tax credit.

Additionally, The City of Fremont offers loans through its First Time Home Buyer Program of up to $40,000 to eligible homebuyers for down payment assistance

UPCOMING WORKSHOP - CITY OF FREMONT FIRST TIME HOME BUYER PROGRAM

Tuesday, April 21, 2009. Registration is now open.

Registration is mandatory.

Visit the City’s First Time Home Buyer webpage to register for the April workshop.

As I mentioned in my previous post, the City of Fremont First Time Homebuyer Program and CalHFA financing may be able to assist with down payment assistance of up to $67,600 for a Fremont home, provided that you meet certain qualification. According to the City’s website, you are eligible for the program if you:

• Attend one of the mandatory two-hour First Time Homebuyer Workshops.
• Live or work in Fremont currently, or previously lived in Fremont.
• Have not owned a home in the last three years.
• Meet the income guidelines (see Income chart).
• Are able to secure a mortgage and have good credit.

IMPORTANT UPDATE: In February 2009 the city published a list of lenders in Fremont (available here) which are approved for the Fremont First Time Home Buyer Program. The list includes select branches of: Bank of America,Wells Fargo Home Mortgage, Countrywide Home Loans, Diversified Capital Funding and Jacinto Mortgage Group.

To see if you are eligible, or for further information, please contact me. I’d be glad to provide you with more information on making your home ownership dream a reality.