LOANS FOR BUYERS FIRST HOME

Assistance for down payment or down payment for home purchase (CalHFA)

FIRST TIME HOMEBUYERS Downpayment Assistance.
We are offering Deferred Payment Loan up 22% or 17% of the purchase price and in addition up $10,000 for closing Cost (On San Diego City is a Grant).
The Deferred Loan meaning that you will not make monthly payments for 30 years. You need bring only 3% of Downpayment. Your monthly payment will be lower because you pay only for the 75% of the first loan and avoid the Mortgage Insurance.
San Diego City loan program (Zip codes starting with 921...) 22% of purchase price downpayment assistance plus up $10,000 Grant for closing Cost.
San Diego County loan program: 17% of the purchase price deferred loan with up $10,000 Loan for closing Cost.
Chula Vista City: Deferred loan of 22% of purchase price.
El Cajon City: Deferred loan of 22% of purchase price

Agency California Housing Finance (CalHFA) is firmly convinced that preparing to buy a home for the first time is crucial. We are approved and certified to offer these loans to assist with down payment and closing costs of the transaction.

Are you. Buying your first home?

To find out, you should understand that a first home buyer is defined as a person who has not been owned and occupied your home for the past three years. This means that if you have owned / a house, a / a buyer / a of their first home. It also means that if you were owner / to a house three or more years, but sold it, becomes again a buyer from his / her first home and can reap the benefits CalHFA offers through its programs for buyers your first home.

There are credit requirements, income to qualify and take a preparatory course.
These programs will assist with down payment and closing costs for home purchase and make it easier to get your own home and stop renting.

The federal government and local governments have other programs to assist first time buyers with loans at reduced interest rates and down payment assistance or down payment assistance as well as the Closing Cost or closing costs. HAFA programs such as programs or Condando and the City of San Diego.