First time home buyers in California have a huge opportunity waiting for them and unfortunately many are still paying more in rent than they would for a comparable home because of the misinformation being disseminated.
I’m not sure how these things get started, but I would like to take a few minutes of your time and clarify the down payment assistance programs available for California first time home buyers.
Not all first time home buyers qualify for every program, but most qualify for more than one. Not every home is eligible either, but many are eligible for more than one program. Only a lender experienced with these programs can find the right match for you and your family.
What down payment assistance programs are available for California first time home buyers?
- No down payment from the federal government using the USDA loan program. Click here for more information
- 1% down payment program from the State of California. Click here for more information.
- First time home buyers in Riverside County have two additional programs that provide up to 20% in down payment assistance with terms as good as “15 years same as cash”. Click here for more information
- First time home buyers in San Diego have their own program that provides up to 17% in down payment assistance. Click here for more information.
- First time home buyers in Riverside and San Diego Counties also have a first time home buyer tax credit. Click here for Riverside. Click here for San Diego
If you’re a first time home buyer who is still overpaying their landlord and missing out on the tax benefits of homeownership and would like more information about the first time home buyer programs available for you and your family Click here.
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