City down payment assistance programs have been helping many would be buyers bridge the down payment gap.  These programs may now be in jeopardy.

The changes in the real estate market are being felt at all levels.  This includes local City and County budgets, the source of funding for many of these down payment programs.

As we move into the Spring, City officials have begun the process of planning the next fiscal year's budget.  The typical fiscal year runs from July-June.  With less money coming in, there will be less money to give out.

The City of Walnut Creek, Ca has a Down Payment Assistance Program that will assist buyers with 17% of their down payment up to $65,000.  As of March 28th, 2008 they still have over $300,000 to assist buyer with.  That's a BIG Easter egg sitting there.

Just next door the City of Concordhas consolidated many of its City Housing Staff and has farmed out the processing of the City Home Rehabilitation Loans to the County.

Time is running out to take advantage of these programs.  Check your Cities Housing Department's web page for details about their First Time Buyer Programs and Housing Rehabilitation Loans.

Nate Ellis "Mr. Danke Schoen" is the Vice President of the Contra Costa Realtors in Motion(CCRIM) real estate marketing group.  Nate Ellis 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 Tenant 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. Any rates or programs quoted or referenced are not guaranteed and are subject to terms and conditions.  All offers and programs may be withdrawn at any time. ©Copyright 2008 MrDankeSchoen Nate Ellis  http://www.cahousingblog.com/   Nate@BuilditBuyitRefiit.com  Help a Teacher, Cop, Firefighter or EMT be a  Good Neighbor.