In a time when salaries barely keep up with inflation, it’s difficult to save even a little bit of money, never mind thousands of dollars for a down payment on a home. But what many people don’t know is that based on your location and financial situation, those thousands of dollars just might be available to you! There are also many special programs for veterans, Native Americans, teachers, police officers, firefighters, and healthcare professionals. California has hundreds of down payment assistance programs that not only cover your down payment, but also help with closing costs, and many are grants that never have to be re-paid. Also, these programs are not exclusively for first-time buyers.
While many of these programs have been around for a while, researching programs and qualification standards was a cumbersome task. The California Association of Realtors has teamed with Down Payment Resource to offer a great online tool that lets you easily search hundreds of programs. Just click and answer a few questions and you’ll instantly see all the programs for which you might qualify.
Simply visit www.downpayment.car.org to get started, or give me a call and I’ll be happy to help.
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