First-Time Home Buyer (FTHB) Program â€“ (Temporarily Closed â€“ see RHP) Downpayment and Closing Cost Assistance for qualified families to purchase a new home.
Redevelopment Homeownership Program (RHP) â€“ Downpayment assistance for first-time homebuyers of low to moderate income to purchase a home within the unincorporated areas of the County of Riverside and County Redevelopment Areas. For more information contact 1-(800) 909-0079.
"MCC's may be used with conventional, fixed, 15-year, 30-year, or 40-year term loans, including FHA, VA, FNMA, FHLMC and privately insured loans. MCC's may not be used in conjunction with bond backed loans, such as Cal-Vet or California Housing Financing Agency (CalHFA) loans. "
Also, Murrieta Hot Springs is approximately 1.3 sq. mi. located within the City boundaries of Murrieta. It basically consists of the Calvary Chapel Bible College and a 55+ mobile home park. It is not the City of Murrieta.
Here is the quote from the program:
"All funds for the First Time Home Buyers (FTHB) Down Payment Assistance Program are exhausted and are no longer available. Starting September 8, 2008, our office will no longer accept any new FTHB applications."
You got a ton of great advice and I agree there are a lot of programs out there to help First Time Home Buyers. May I suggest before you start your actual home search that you meet with a few lenders and figure out what program will work for you and your family and then interview a few real estate professionals to find the perfect fit for you and your family.
By doing your research first and having all your lending documents (pre-qualification, fico scores, etc) you will be well prepared to compete for homes in this market. The current housing prices have buyers in multiple offer situations and if you do not have all required documents to submit an offer you may lose out on a home you love. This advise is just based on my experience with my buyers, and does not hold true to all homes in Murrieta--that is, not all homes receive multiple offers. My philosophy is to be prepared, educated, and informed about a purchase so big...
Good luck and Best wishes.
Take a look through all the current housing loan programs and see if you might be eligible. Keep an eye open for new programs.
Take a look here on the Hud site for links to local programs.....http://www.hud.gov/buying/localbuying.cfm
To get an idea of what's on the market, prices ect..try using Huds Property for sale site..
Try this site which will provide you links to Bank (REO) property for sale sites and Gov. sites.
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp ......will give you links like these..
Check out the FHA site........http://portal.hud.gov/portal/page?_pageid=73,1&_dad=port
Do your research, become informed......Good luck, Dunes
I would be privileged to assist you in finding your new home. You can find out more about me from my website and Trulia profile page.
Call or email me anytime
As you can see, there is alot of choice and more becoming available every day. Please feel welcome to call our office at 951-308-1917 if we can help you further.
Best wishes for success in your home search!!
Richard Greenwood, MBA, GRE, e Pro
So, now all we need to do is get you a loan and find you the home you really want. Working with a menu of excellent lenders who can pre-approve you for a purchase, we are sure to find you a great loan to support your new home. Unfortunately, most of the 1st time home buyer programs which offer down payment assistance ran out of funds the end of last year. However, there are still ways to get you into a home with a small down payment, and currently with interest rates extremely low, now is the time to qualify and buy. Looking forward to being part of making your dream come true. Contact me through my profile and lets get you into a great home at a great price and find you a great loan that makes it all very comfortable. Dare to Dream
"Your Dream Team"
Real Estate Consultant
RE/MAX Palos Verdes Realty
A real estte professional will be able to provide you with complete information on the best locations and homes available in your price range.
We also recommend meeting with several loan specialists to find out about the programs that will best meet your needs and get pre-approved. IMPORTANT......always request a "good faith estimate" that is documentation of the program and rate that was quoted to you by the agent.