Home Buying in Spring Valley>Question Details

Blackchubby, Home Buyer in Spring Valley, CA

Been looking into the 91977 Spring Valley area. Are there any Down Payment, closing cost assistance, or grants for first time home buyers?

Asked by Blackchubby, Spring Valley, CA Mon Mar 28, 2011

Help the community by answering this question:


Great answers below... you may also ask your lender as to how much you can ask in closing cost / down payment assistance you can build into the purchase price (i.e. have the seller provide from their sales proceeds). That is another source of supplementing your own funds to make it possible to close.

Best of Luck,

Tara Steinke
Solant Real Estate Services
0 votes Thank Flag Link Tue Mar 29, 2011
The best source for first time buyer programs is http://www.ahahousing.com , this company works with the local communities and their first time buyer programs. I do know that La Mesa City has down payment assistance programs.
You can also use the http://www.yoursdps.info to look for homes in all parts of San Diego County.

Jerry Heard - Broker
DRE # 00648687
0 votes Thank Flag Link Mon Mar 28, 2011
Not every city has these programs available but the ones who do have their funds available at a first come basis. Once the funds run out the programs are on hold until the following year, then the funds are replenished . I just spoke with someone in the San Diego housing department last week and they said their funds will be replenished in July.
There is also 1/2 % down-payment program offered by FHA. They only require the buyer to put down .5% and will loan an extra 3% to cover the buyers closing costs.
You can read about the details of this program and many others at my blog on trulia here! http://www.trulia.com/blog/amanda_mitchell/2011/03/san_diego…
0 votes Thank Flag Link Mon Mar 28, 2011
Hi there,

Not all lenders work with home buyer programs. The county does have home buyer programs, it just depends what you need, and if the program is funded. I can check it out for you if you like, just let me know via phone or email.

Warm Regards,
0 votes Thank Flag Link Mon Mar 28, 2011
This is a lender question. I have several very good lenders that I have used for over 20 years. Call me and I'll give you their name and phone number. Thank you, Dana & Eva
Web Reference: http://www.danaleerosas.com
0 votes Thank Flag Link Mon Mar 28, 2011
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