Resources for First Time Buyers in Santa Cruz County

Industry Observer

The definition of who is considered a First Time Buyer in Santa Cruz County might surprise you. If you have not owned property for three years, you might qualify as a First Time Buyer. The program is an amazing resource that allows people of lower to medium income to get a foot in the home-ownership door. The basics of the program are as follows:

  • You cannot have owned property for three years
  • You must meet income restriction requirements (see County website for specifics)
  • You must contribute five percent of the down payment towards closing costs
  • The program will lend you up to 25% of the purchase price for a down payment
  • The funds are recorded as a "Silent Second" - no payments are required as long as you live in the house and the loan must only be paid back if you sell the property
  • One of the principals in the transaction must either live or work in Santa Cruz County
  • The home must be used as a primary residence

Check out the County of Santa Cruz website for specific details.

I have assisted buyers in utilizing this program and it is amazing! Please call me if you would like me to coordinate resources for you.




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
California Santa Cruz County
Everything California
Resort Communities
Seniors Issues
Posts to Localism
first time buyer
silent second
santa cruz county
income restrictions

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Deborah Ryman

M.A. Feng Shui Services, Santa Cruz County
Ask me a question
Spam prevention

Additional Information