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Temecula first time home buyers being hurt by misinformation about down payment assistance

By
Mortgage and Lending with Platinum Home Mortgage NMLS ID#283159

First time home buyers in California have a huge opportunity waiting for them and unfortunately many are still paying more in rent than they would for a comparable home because of the misinformation being disseminated.

I'm not sure how these things get started, but I would like to take a few minutes of your time and clarify the down payment assistance programs available for California first time home buyers.

Not all first time home buyers qualify for every program, but most qualify for more than one. Not every home is eligible either, but many  are eligible for more than one program. Only a lender experienced with these programs can find the right match for you and your family.

What down payment assistance programs are available for California first time home buyers?

Read the complete article

If you're a first time home buyer who is still overpaying their landlord and missing out on the tax benefits of homeownership and would like more information about the first time home buyer programs available for you and your family Click here.

Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Greg - BRAVO!!!  As someone who has spent nine years working with all the various dpa programs here in Los Angeles & Ventura counties, I too find it a huge disservice to buyers & borrowers when other Realtors and MLOs discourage them from applying for these dpa programs simply because they are now familiar with them or they are not approved (most dpa agencies require MLOs to be trained and approved to offer the dpa program) to offer these programs. 

I say if you don't know anything about them - then learn about them!  If you don't want to do them - then refer the buyer/borrower to someone who does know them and who is experienced in closing them.

Jan 12, 2012 07:15 AM
Greg Cook
Platinum Home Mortgage - Temecula, CA
Mortgage Consultant NMLS ID# 283159

Donne, couldn't agree more. Too often our competition plays the "no program" hand rather than the "we don't do them" one

Thanks for the comment

Jan 12, 2012 07:57 AM
Brett Reichel
Homebridge Financial Services - Rancho Cucamonga, CA
MLO 210215

Greg - Thanks for sharing!  I've always liked these kind of DPA programs locally!

Brett

Jan 12, 2012 09:36 AM
Anonymous
Greg Cook

Brett, thanks for stopping by

We'd be out of business if it weren't for these programs

Jan 13, 2012 04:17 AM
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