Regional Programs Assist First Time BuyersBy Karen Lawson
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Living in California is great, but home prices can be challenging. If you're tired of throwing away money on rent, it's time to consider state and local programs that assist first time homebuyers. In order to qualify for a new home loan under these programs, you must meet income guidelines, and the purchase price of your new home must fall within stated limits. Depending on the program you choose, you may also qualify for funding for home repair and your down payment.
California Home Loans: Programs Provide AccessibilityYou've got a great job, but will you ever be able to qualify for a California home loan? With home prices among the highest in the US, Federal, state, and local government agencies have recognized that too many California citizens cannot qualify for the mortgage amounts needed to buy a home in today's high priced markets. To get started, you'll want to know the amount of your gross income, and how much you owe in debts. This will help mortgage lenders find a first time buyers program that can assist you.
New Home Loan Options: Programs Promote AffordabilityFirst time buying programs may be offered through state and local programs. In order to qualify, you must meet certain criteria:
About the Author
Karen Lawson is a freelance writer who has more than fifteen years of experience in mortgage banking. She holds and MA degree in English from the University of Nevada, Reno.
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