Owning a home still has its advantages, both personally and financially. Housing costs are more stable if the first-time home-buyer obtains a low mortgage rate still available at historically lows. Tax incentives such as the mortgage interest deduction not offered to renters; and Mortgage-ready borrower obtains a sustainable mortgage at an affordable rate using available down payment and closing cost assistance.

Most Down Payment Assistance Programs are  provided to the mortgage-ready borrower through grants and deferred seconds funded by states and local governments through:

1.  The HOME Investment Partnerships Program:  Administered  by HUD  an designed exclusively to create affordable housing for low-income households.
2.  Grants: Grants are funds that do not have to be paid back, but often have to be paid back if the borrower  sells  his or home within a  certain period of time.
3.  Deferred Seconds: Many down payment assistance programs come in the form of a second mortgage that has a low interest rate and/or deferred payments.

 

There’s nothing quite like the thrill of buying a home… and knowing that you got the best possible home loan makes the deal even sweeter.  Now is the time to make your move!

Give me a call today at 714.963.7462; 714-4932657

Let’s find your dream home!

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