Down Payment Assistance in Los Angeles, California
If you’re a California resident, or know someone that has lives in California, I’m willing to bet $20 that you’ve heard someone say something like…
“Buying a home isn’t possible in California”
“We are just going to keep renting”
“Putting down on a house will cost me my whole savings”
“ Homeownership isn’t possible these days”
“ I’ll never be able to buy a home in Los Angeles”
Homeownership affordability has been an ongoing discussion for many Californians. Some hoping for the “big crash”, and others writing it out entirely. As a Realtor in Los Angeles, I’ve had the privilege of helping first-time home buyers in Los Angeles County better understand their options and cut out the “noise” by educating my clients on the resources that exist for them.
Did you know that down-payment assistance options exist for California Residents?
The state of California and financial entities servicing California Residents offer multiple solutions for aspiring home-owners that assist with home affordability. Here are some of the options that exist…
Down Payment Grants - This is FREE money that doesn’t have to be paid back. Many multi-national investment banks, local governments, and state programs offer grant assistance to those that qualify and are approved.
Deferred Loans - These are zero interest loans where no payment is due until you sell or finance (depending on the lender).
Forgivable Loans - These are loans that typically disappear after a few years of occupying the home.
As a California native, I am passionate about helping Californians place roots and find their home and communities. If you or somebody you know is looking to start their home-search and needs assistance, I am happy to help. I specialize in working with first-time home buyers find their home and unlock the key to generational wealth.
If you’d like more information on the resources that are available to first-time home-buyers, contact me today!
