First time home buyer programs Moreno Valley Ca

Real Estate Agent with Castle Realty Group Inc 01781972

First time home buyer programs Moreno Valley Ca 


          For the past three years there have been many First Time Home Buyer Programs come and go. But one has resulted for both the State providing the assistance and the buyer purchasing the Home. Maybe you have seen these signs for "buying a house for less than $1500 down". Many thought the program was too good to be true. As a result many of those missed the opportunity to become homeowners when the market was low.  

For More information about First time Home Buyer Programs in Moreno Valley Click here


The ZERO DOWN Program

    Currently the State of California has rolled out a 100% Financing program. and a 105% financing Program for First Time  Buyer or Repeat Buyers that have not owned a home in the last 4 years. The graph below shows a comparaission of how funds are used the CHDAP ( less than $1500 Down) and the new 105% financing Program. 


                                                                   CHDAP Program  -$1500                                $105% financing


Many People will still believe that this program is still too good to be true. With all of these programs the catch is that  these are public funds and many of them the money is givin to the buyers in the form of a loan. Some of these are zero interest loans and other are differred for the life of the loan or unti you pay it off. If you have any questions please call out financing Department at (951) 833-3447


Comments (1)

Anita Frank


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Apr 01, 2016 04:49 AM