Financing in 95356>Question Details

Yesenia, Home Buyer in California

Down Payment Assistance Program

Asked by Yesenia, California Tue Jul 3, 2012

i was told by a friend that there are programs that lend up to 92k to 3% ...with strings attached of course. all in all, do any of you professionals have any advise on this programs? are they not worth it? worth it?

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If your not currently working with a Realtor, you may want to consider select one to work with. But don't select just any agent. Check for credentials, designations and testimonials. Most Realtors
understand these programs and understand the drawbacks and benefits.

Best Regards,


Rocky G.H. Hawrysz
Prudential California Realty
(209) 444-6610 - Office
(209) 915-6209 - Mobile

"Committed to your success!"
0 votes Thank Flag Link Tue Jul 3, 2012
We have them here in New Jersey and they are DEFINITELY worth it! We have the New Jersey Smart Start Program, run by the State that provides up to 4% of the purchase price. We have 'Live Where You Work" which provides up to 5% for people who buy a home in the town where they also work. We also have matching funds programs that permit buyers to save the money for their down payment at particular institutions and have those funds matched dollar for dollar. On top of all that some lenders have special programs for civil servants and such, school teachers, municipal workers, fire fighters, police officers, nurses, EMTs and so on, that eliminate many of the bank fees associated with obtaining a mortgage. Put them together and you have DYNAMITE program that will get you into a home you can afford at a price you can afford! Definitely worth the trouble!
0 votes Thank Flag Link Tue Jul 3, 2012
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