That is right... your eyes are working!
This week we uncovered a new source of money that will assist First Time Home Buyers to get into a new home here in the Sacramento area!
With the suspension of the CALHFA's Down Payment Assistance Program (due to lack of funds), many folks in need have been put on hold to purchase a home.
We found a program this week that has $14,000,000 in funds available to assist Sacramento First Time Home Buyers to get into a home!
This program will allow the borrower to only put down 1/2% of their purchase price. It will work for most homes located within the county of Sacramento!
If you were to purchase a home for $200,000... that means that you only need have $1000! The great news is this money can be gifted by a family member!
There are income and property restrictions for this program and as I mentioned before there are limited funds available.
Give us a call to discuss your options! It is the best thing going right now in regards to down payment assistance programs for the Sacramento area for the First Time Home Buyer.
Don't get me wrong... there are 100% down programs still available, BUT there are location restrictions that limit the use of the program!
Happy Hunting!
This blog by:
Team Newington
Sacramento Mortgage Planners
(916) 687-6868
www.SuperiorLoanTeam.com
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That is breaking news, Erin. Most of the programs I know about are limited to specific neighborhoods. Can you send me some information? I will definitely send buyers your way for this program.