Looking for money? Well of COURSE Stephanie, who ISN'T looking for money? Well, if you are a California Home Buyer looking for money to assist with down payment or closing costs, you are in luck! There is money available for you!

The National Homebuyer's Fund Inc. has put together a program for California residents to assist buyers in purchasing a home by providing money that may be used for a down payment and closing costs. This program is called ACCESS.

Check out the highlights:

• Funds available up to 3% of the sales price in the form of a 2nd trust deed amortized over 15 years at a fixed rate of 8.25%
• FHA first with up to 96.5% loan to value combined with ACCESS 2nd for a combined loan to value of 99.5%
• No additional buyer contributions required
• No recapture tax if home is sold later
• No first time home buyer restrictions
• Seller can still pay all closing costs up to 6%
• Gift funds allowed
• No minimum FICO requirements for 2nd trust deed
• No reserve requirements
• Homebuyer Education required

Here you thought you could not own a home because you have no money! Well, stop looking for money! The ACCESS program may be just the thing you have been looking for if you have been looking for money!