So you are looking to buy a new home in Lafayette and are wondering what Down Payment Assistance is available. The City of Lafayette does not offer any assistance directly. But there may be assistance available from the County and State of California.
Contra Costa County offers the American Dream Down Payment Initiative (ADDI) to assist eligible buyers with up to 6% in down payment assistance.
The State of California offers up to an additional 6% in assistance through several programs designed to help First Time Home Buyers, plus a bonus of $7,500 because Lafayette is a high cost area.
Special financing may also be available, including additional Down Payment Assistance and Below Market Interest Rates. Restrictions Apply.
To see if you are eligible for assistance contact Nate Ellis.
Or Call 888-808-NATE (6283)
Nate Ellis "Mr. Danke Schoen" is the Vice President of the Contra Costa Realtors in Motion(CCRIM) real estate marketing group. He specializes in assisting First Time Home Buyers with no money down by leveraging Down Payment Assistance in the form of grants and "silent seconds". Nate Ellis is a certified lender for the City of Walnut Creek, City of Concord and City of Pittsburg First Time Home Buyer program, as well as several other San Francisco Bay Area Cities. Nate Ellis is also the Chairman of the Mt Diablo Housing Opportunity Center(MtDHOC) steering committee. The MtDHOC acts as the central resource for Contra Costa County's housing needs and education regarding: First Time Home Buyers, Foreclosure Prevention, Senior Housing and Landlord and Tennant resources. Nate Ellis is also a Certified Money Management Volunteer (CMMV) for Money Management International and assists people with credit evaluation and financial education. Nate Ellis is a certified CalHFA, CalPERS and FHA Lender. Nate Ellis is a Loan Officer for Residential Pacific Mortgage 3201 Danville Blvd, Alamo, CA 94507. Equal Housing Lender. http://www.cahousingblog.com/ Nate@BuilditBuyitRefiit.com Help Teachers, Cops, Firefighters and EMTs be Good Neighbors.
Nate Ellis "Mr Danke Schoen"
;)
;)
Good stuff, I posted a blog on a similar program here in Long Beach, CA. You typically need to jump on these opportunities quickly and follow the guidelines of the Money Master to benefit from them. These type programs are great if you plan on living in the community 15, 20 or 30 years.
Persons with the mindset of buying to flip can be in for an awesome surprise. Each program requirements are different, but they pretty much have similar kind of rules and guidelines.
Potential homeowners will have to take classes in many cases and payoff delinquent accounts and have a history of regular saving program they adhere to. Sometimes there are even preferred lenders that can only submit loan applications as the locality may have entered into arrangements for waiver of certain fees and other costs.