Did you know, there are several organizations that offer Orange County residents Down Payment Assistance for home purchases? It's true; it just takes a little homework and aligning yourself with a Realtor® and Mortgage Broker who understand the details.
With the tightening mortgage guidelines these days and the availability of low down mortgages; some good news is needed and this is great news for those considering purchasing their first home but is also limited on the necessary funds it takes to get into a home.
Now if you have read any of my other articles you know my motto is "It's Possible!" because I want home buyers and sellers to understand their dreams are possible. I am happy to note two very important programs were released this month to help home buyers. First, new FHA limits were raised nationally and with this program qualified home buyers in Orange County can purchase up to $729k with 3% down (yeah). In addition, the proposed ruling from the U.S. Department of Housing and Urban Development (HUD) to ban private down payment assistance was permanently set aside.
Utilizing these two programs together is a great step forward towards helping home buyers with their homeownership dreams. Now each of the programs is different and have specific terms and conditions, it is imperative any buyer to complete their due diligence, but with a little patients there is some help out there. Remember, It's Possible!
Here is a listing four programs available.
Home Sellers, if you want to expand your buyer pool and help a potential buyer with the purchase of your new home, offering a down payment assistance program may be just the ticket. Check with your Realtor(R) on how this can benefit the sell of your home.
Kelly Turbeville is one of South Orange County premier Realtors® focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, Foothill Ranch, Trabuco Canyon, Mission Viejo and Rancho Santa Margarita. Kelly understands First Time buyers have it difficult these days when trying to qualify for a home, but also realizes the dream of owning a home is important in establishing financial success. It is her goal to help you navigate the process, understand what help is out there and ensure you are on the right path. Trust, Kelly is committed to making it happen. Her biggest blessing comes from the smile on your face when you receive the keys to your new home. So if you're considering selling or buying a home in Saddleback Valley, call Kelly to schedule a free consultation. Whatever your dream, with Kelly at your side, It's Possible!
The above information is provided as an opinion and is deemed reliable but not guaranteed.
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