Orange County First-Time Homebuyer Grants Available.. Ho, Ho,Ho!!

By
Real Estate Agent with Keller Williams CA.BRE# 01395219
http://activerain.com/droplet/4YgQ

It is no secret that buying your first home in The OC can be tough with the median price of a single family home above $700,000 and the price of Townhome or Condo is at about $500,000.   With that said the Orange County Association of Realtors and the California Association of Realtors have started two grant programs.  Both these grants come from the California Home Affordability Fund (HAF)

 

HOA Assistance:    This program is available to all California First-Time Homebuyers and provides up to 6 months of HOA fees paid with a max limit of $2500.  Terms apply, i.e. you must be a First-Time buyer and utilize a Licensed California Realtor.  contact Kelly to review if you qualify for this grant program.

 

California HOA Assistance Program for First Time Buyers

  

Enhancement Fee Grant:  In addition to the HOA program from the California Association of Realtors (CAR), a second grant was awarded to the Orange County Association of Realtors to help First-Time Homebuyers purchase in the communities of Ladera Ranch and Telega is South Orange County.

In both these communities a enhancement fee is required by the buyer and equals 1/4% of 1%. However the issue comes when a first-time buyer uses FHA financing as the Federal Housing Administration has restrictions on community enhancement fees which buyers are not allowed to pay for.

The purpose of this grant is to pay the enhancement fee for first-time homebuyers, who are purchasing a home below $650,000 with 10% or less down in Ladera Ranch and Telega.  

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As with the HOA Grant the home buyer and seller must use a Licensed California Realtor and for the Enhancement Fee Grant the Realtor must be a member of the Orange County Association of Realtors.   Both programs have terms and time limits until the funds run out. For more information and to see if you qualify, contact Realtor Kelly Turbeville.

 

Doing the math, for Orange County residents that equals approximately $4100 in your pocket.. (based on a $650k home) Nice little chunk to help with some of your cost.. 

 

Purchasing your first home can be a bit overwhelming.  It is important to work with a Realtor that truly has a passion and understanding for first-time buyers, as well as a Mortgage Lender.   Of course, we are here to help.  If you are thinking of purchasing a home in South Orange County, check out FREE Report: Things to Consider when buying a house (Winter Edition)

 

Remember, It's Possible!

 

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Kelly's positive spirit, sound business and marketing skills, and experience negotiating multimillion dollar contracts all combine to make her one of the premier real estate professional in the communities of Portola Hills, Foothill Ranch, Lake Forest, Trabuco Canyon and throughout the Saddleback Valley.

 

 She takes a big-picture approach to make sure all of your goals, both short and long-term, are part of a larger plan that's guiding you towards success. Call Kelly to schedule a free consultation on how she can help you achieve your objectives. Whatever your Real Estate Dream is, with Kelly Turbeville at your side, It's Possible!

 

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The above information is provied for informational purposes only and is deemed reliable but not guarenteed. Based on information from California Regional Multiple Listing Service, Inc. as of [date the AOR/MLS data was obtained] and /or other sources. All property data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Topic:
Home Buying
Location:
California Orange County
Groups:
Giving Back
1st Time Buyers
The Single Home Buyer and Seller
Orange County Real Estate
CALIFORNIA DREAMING
Tags:
ladera ranch
california assocation of realtors
telega
realtor kelly turbeville
hoa grant
california hoa grant
orange county assocation of realtors
enhancement fee grant ocar

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Rainmaker
862,708
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Merry good news for OC residents looking to become homeowners in 2017.

Dec 22, 2016 11:55 AM #1
Rainmaker
18,178
Mo Vahdati
Keller Williams Realty - Aliso Viejo, CA
Marketing Your Homes to the World

This is a nice Christmas surprise for Orange County residents!   Thanks for the update!

Dec 22, 2016 12:20 PM #2
Rainmaker
2,334,831
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Kelly Turbeville This grant program can help many first time homebuyers.

Dec 22, 2016 05:20 PM #3
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Rainmaker
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Kelly Turbeville

Turning Real Estate Dreams into Reality
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