Home Buying in Beaumont>Question Details

Truliavisitor, Home Buyer in Redlands, CA

I am hoping for down payment assistance. I looked at the housing authority website and other websites and

Asked by Truliavisitor, Redlands, CA Sun Jan 27, 2008

have found alot of information for companies and nonprofits who want grants for homeownership assistance, but I have spent a great deal of time and got nowhere on assistance on purchasing a home for individuals.

I need assistance with my downpayment in Beaumont, CA. My income may not be low enough so if there are any programs at all for new homeowners to help with purchasing a home or downpayment, please give me a legit link that actally can be used by individuals to purchase a home.

Thanks in advance.

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9
You should be able to use a Calsters program that allows you to borrow up to 17% down from your retirement fund. If you would like more information feel free to contact me as I have several lenders I have worked with previously that can help you.


ToniAnderson@Tarbell.com
720-371-5893
0 votes Thank Flag Link Sun Aug 29, 2010
Go to the link below I'm pretty sure they can help you. Call kevin If there is any way he can help.
After that come see me we will find you a home.
0 votes Thank Flag Link Sun Feb 7, 2010
There is so much information out there that anyones head would spin. Look for a Realtor and Lender that specializes in first-time buyers (a first time buyer is anyone that has not owned a home for the last 36 months.) Between Down payment assistance programs, seller paid closing costs and silent second loans there are many ways to structure 100% financing for buyers. Look for a lender that is certified in the County that you want to buy in. Not all lenders can do these type of loans when it comes to 2nd and 3rd silents. If you would like a referal just let me know.
0 votes Thank Flag Link Wed Apr 16, 2008
you had a bankruptcy in June 05
and you're ready to try again
because houses are cheaper now
and you're a school teacher
you are in a low income school
but you are not in a low performance school
and you need 7K-8K for a downpayment
there should be a teacher loan program
0 votes Thank Flag Link Fri Apr 11, 2008
Hello,

I work for one of those HUD-approved nonprofit organizations. We administer LATMAP (Los Angeles Teachers Mortgage Assistance Program), LAUSD's homeownership services. Basically, we're seeing down payment assistance programs shrinking. The City of LA now only has ADDI, which as lower income max. The County of LA is out of money indefinately. CalHFA through the state has programs for low and moderate income offering 2%, 3% or 4% of the purchase price depending on the program. If prices continue to fall in your area, it would behoove you to wait. You should also check out ACORN housing. I provided a link to LATMAP below.
Web Reference: http://www.latmap.org
0 votes Thank Flag Link Fri Apr 11, 2008
Barring qualification for the Calpers-sters programs or other Govt. subsidized programs, you may be better off waiting until the BK is older. There is no real rush to buy in the Beaumont area as the market is no where near stabilizing there. Prices and loan terms do seem attractive but, unless it is an awfully unique home that you just have to own....you may be best off waiting it out. There will be many more deals to be had in the Pass area. Even a year from now.
0 votes Thank Flag Link Sun Jan 27, 2008
Call Marie Richarz with Metrocities. Her number is 818 359 4779

Tell Marie about your BK, your FICO and that you are a teacher. It has been over 2 years since your BK so that should not be a problem. Is 663 your middle score? It may have to be a little higher, but Marie will be able to tell you if she can help - I've seen her work things out for several people.
Web Reference: http://www.DotChance.com
0 votes Thank Flag Link Sun Jan 27, 2008
I am a teacher and my lender said I don't qualify because I had a BK in june of 05. Plus I would have to be teaching at a low performing school. I am at a low income school, but am no longer at a low performing school.

My fico is 663. I will need about 7,000 or 8,000k for a down payment since the loan amount is about 239,000.
0 votes Thank Flag Link Sun Jan 27, 2008
There are many programs available. Have you checked out the ACORN website? I work with people on down payment assistance programs in Los Angeles. I know that there are assistance programs available for moderate income families as well.

You should call the housing department in your area to inquire. Also, if you are an educator there are many grant programs available.

How is your FICO score? Do you know what price range you will be looking in? There are still 100% financing programs available. If you would like to email me the answers I'll see if I can help you - I can refer you to an excellent loan officer (I do not make money from the referral).
Web Reference: http://www.DotChance.com
0 votes Thank Flag Link Sun Jan 27, 2008
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