First Time Home Buyers in California
For a first time home buyer in California, entering the market right now is a daunting task. With mortgage rates at an all time low, home prices are at an all time high. Too often people get interest only loans without being aware that there are a wide variety of options for the first time home buyer. For example the California Housing Finance Authority has a program to determine if you are eligible for a CalHFA loan program. For a simple web based eligibility form,
California Housing Finance Agency. Please note that this is not a loan approval but rather a form to determine eligibility. For a list of
Approved CalHFA Lenders.
The affordable housing program can make a huge difference for a first time buyer. I always suggest it as a starting point.
Labels: California, firsttimebuyers, newbuyersinCalifornia