Real Estate Finance Center
 |
Down Payment Assistance
Many Southern California local and state agencies run bond programs to generate funds to help individuals and families with a down payment. Contrary to public thinking, these bond issues are not a type of welfare. The government knows that it can be tough to buy that first home, especially on a limited income.
Most agencies are income sensitive, but you may be surprised by the high level of
acceptable income. The income level is
especially high if you have children or dependents. Most agencies also have purchase limits, but they are adjusted to the income qualifications level.
If you are able to obtain down payment assistance, you may receive a lower interest rate. The drawback is that it often takes quite a bit of work with extra paperwork and mandatory education classes. Be sure to find a Southern California mortgage professional who is familiar with both the local and state agencies and their policies.
Southern California Down Payment Articles
- Mortgage Down Payment
- Low Down Payment & PMI
- Down Payment Gifts
- Down Payment Grants
- Low Down Payment Qualifications
- Down Payment Assistance
Your Exclusive California Real Estate Broker
If you have any questions on financing your Southern California Real Estate, please contact Joseph Dodge today. As your Southern California real estate broker, you can be assured that we will always look out for your best interests. Please call or email today, and we'll be happy to assist you throughout your real estate transaction.