Bailout for first time home buyers - 10/28/11 06:35 PM
First the automakers got the money. Next it was the banks who got “bailed out”, then AIG. First time home buyers just got that same preferential treatment. On October 1, one of the most popular first time home buyer programs, USDA,  ran out of funds. This happens every year and the program gets refunded when the new budget is passed. This year circumstances are dramatically different, and there was no guarantee the program would get funding.   If you’re not familiar with the program, USDA has become one of the most popular programs for first time home buyers. It’s 100% financing … (2 comments)

Buying your first home like applying for your dream job? - 10/26/11 07:49 PM
In many ways buying your first home is like applying for your dream job. The decisions you make will affect your family for years to come, so being prepared and putting “your best foot forward” is as important in the home buying process as it is in preparing a resume’ for your dream job.
As your future employer reviews your resume he/she will determine, based on current and past performance your ability and willingness to be the perfect employee and your first time home buyerlender will be evaluating your home loan application to determine your ability and willingness to repay them and … (4 comments)

4 pitfalls for first time home buyers to avoid - 10/07/11 05:05 PM
Due to the mortgage crisis that our country faced over the last several years, there are continually more and more foreclosure properties that are being put up for sale everywhere you turn. Of course, this can be very tempting for first time home buyers as people can sometimes get properties for 30% or even less on the dollar than they sold for less than five years ago.However, if you are considering a foreclosure property for your next purchase, then there are some common pitfalls that you will need to avoid along the way to protect yourself and your future asset. Let’s … (0 comments)

San Diego first time home buyers have down payment assistance - 10/07/11 04:33 PM
First time home buyers in San Diego may now be eligible for down payment assistance through the San Diego Housing Commission.   SDHC also has funds available for first time home buyers who may be in need of closing costs assistance to help them make that jump from renter to homeowner. How do I qualify for down payment and or closing costs assistance? 1. You must a first time home buyer - defined as not having owned a home in the last 3 years 2. Your income cannot exceed the program guidelines based on family size. 3. You have to qualify … (0 comments)