Wow! That’s really great, right? Just today, we received an email in our office where a local Escondido resident asked the following question:
“How can I go about getting qualified for the Escondido first time homebuyer’s program?”
Well, this gentleman already knows the answer to the question, but I am going to share it with you here.
In order to get qualified for the Escondido first time homebuyer’s program, you need to sit down with a local mortgage officer who has experience with this program. This means that the individual that you are working with must understand the qualifications for the program as well as the process for obtaining the city loan. The good news is that the mortgage lender takes care of all of the details for the program and works it out so that the loan you obtain with the mortgage lender (called your first mortgage) and the loan from the city (your second mortgage) are all taken care of by one individual.
The best part of this program is that repayment of the loan is deferred until you sell, transfer, refinance or no longer live in the property as your primary residence.
So, if you are interested in buying your first home in Escondido and want to take advantage of this program, please feel free to contact our office. We can “hook you up” with a local mortgage lender and help you get on your way to homeownership in Escondido.
Like Escondido? Want to see what properties have just come on the market? Check out the interactive map below and hover your mouse over the little houses to learn more about individual properties. And, if you see something that piques your interest, feel free to give us a call.