Home Buying in 95608>Question Details

Randall Ortiz, Real Estate Pro in Carmichael, CA

Do you know of any good First Time Home Buyer Down Payment Assistance Programs specific to the Sacramento area?

Asked by Randall Ortiz, Carmichael, CA Thu Mar 28, 2013

Help the community by answering this question:


Hi Randall - Yes, I am using the CHDAP (http://www.calhfa.ca.gov/homebuyer/programs/chdap.htm) for many of my buyers which provides down payment assistance of 3% and you come in only with 0.5%. We ask the seller to pay your closing costs of up to 3.5%.

Contact my lender partner Cedric Washington of Cherry Creek Mortgage for the details.

Cedric Washington
Mortgage Banker
NMLS# 841002
Cherry Creek Mortgage Company
5751 Sunrise Blvd.
Citrus Heights, Ca 95610
916-517-8842 DIRECT
916-864-3988 OFFICE
866-422-5820 FAX
email: cwashington@ccmclending.com

Hope that helps!

Keisha Mathews, REALTOR®
CDPE®, HRC®, HAFA® Certified
"SAR Masters Club Member 2012"
Mathews & Co. Realty Group
@ Century 21 Landmark Network
(916) 370-1803 cell
lic#: 01439130
0 votes Thank Flag Link Sat Apr 13, 2013
I just handed the keys to a buyer last week who used CalHFA & SHRA for both down payment & closing cost assistance. She also will receive a MCC credit which basically saves her an additional $80/month. Please feel free to contact me for more info. mbistis@golyon.com or phone/text 916-798-0822
0 votes Thank Flag Link Thu Mar 28, 2013
First time home buyer programs will be difficult to use in this market because of the extreme competition for properties. Generally they require longer closings so you have to find a seller that is OK with that. It's hard enough for someone with all cash to buy a home right now.
0 votes Thank Flag Link Thu Mar 28, 2013
Hi Randall.

There are a couple of good program's going on right now in our area. One of the most popular ones with my Clients is the CalHfa down payment assistance which can give you 3% back.
Give Chris at Cherry Creek a call, he is in the local Citrus Heights office and he can give you the run down on this and some other smaller program's that may also fit your needs.
1-800-882-5587 ext 562
0 votes Thank Flag Link Thu Mar 28, 2013
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