First time buyer grants

[mike92104]

Does anybody have any experience with First Time Homebuyer Grants in San Diego? How about the deffered trust loans?

[Aecetia]

http://www.sandiego.gov/redevelopment-agency/pdf/fshomeheights.pdf

[Aecetia]

http://www.sandiego.gov/redevelopment-agency/pdf/fshomeheights.pdf

[Aecetia]

http://www.sandiego.gov/redevelopment-agency/pdf/fshomeheights.pdf

[Aecetia]

http://www.sandiego.gov/redevelopment-agency/pdf/fshomeheights.pdf

[Aecetia]

http://www.sandiego.gov/redevelopment-agency/pdf/fshomeheights.pdf

[NotCranky]

http://www.sandiego.gov/housing/assistance.shtml

Every incorporated city has a program and there are a few state programs. You can get a list of mortgage brokers who assist with these programs from the above linked site, I believe. If not you can get it from the San Diego Housing commissions site.

I am helping a family in El Cajon. We looked into this for them with a mortgage broker there. They can get up to a 30 percent “silent second”. It doesn’t “grandfather” out though (or it takes a very long time to do so).It involves equity sharing. There might be programs where the grants grandfather out and closing cost assistance too. There have been in the past. The equity sharing liability grand fathered out or wasn’t even part of some programs.

Normal ratios are used for DTI, 650 fico, 3 months pay stubs, w-2’s and 1% of purchase price in reserves “seasoned” for at least 3 months.. The seller can pay some closing costs including points.

The programs are based on the percentage of median income of the borrower and household size, among other things.

[NotCranky]

http://www.sandiego.gov/housing/assistance.shtml

Every incorporated city has a program and there are a few state programs. You can get a list of mortgage brokers who assist with these programs from the above linked site, I believe. If not you can get it from the San Diego Housing commissions site.

I am helping a family in El Cajon. We looked into this for them with a mortgage broker there. They can get up to a 30 percent “silent second”. It doesn’t “grandfather” out though (or it takes a very long time to do so).It involves equity sharing. There might be programs where the grants grandfather out and closing cost assistance too. There have been in the past. The equity sharing liability grand fathered out or wasn’t even part of some programs.

Normal ratios are used for DTI, 650 fico, 3 months pay stubs, w-2’s and 1% of purchase price in reserves “seasoned” for at least 3 months.. The seller can pay some closing costs including points.

The programs are based on the percentage of median income of the borrower and household size, among other things.

[NotCranky]

http://www.sandiego.gov/housing/assistance.shtml

Every incorporated city has a program and there are a few state programs. You can get a list of mortgage brokers who assist with these programs from the above linked site, I believe. If not you can get it from the San Diego Housing commissions site.

I am helping a family in El Cajon. We looked into this for them with a mortgage broker there. They can get up to a 30 percent “silent second”. It doesn’t “grandfather” out though (or it takes a very long time to do so).It involves equity sharing. There might be programs where the grants grandfather out and closing cost assistance too. There have been in the past. The equity sharing liability grand fathered out or wasn’t even part of some programs.

Normal ratios are used for DTI, 650 fico, 3 months pay stubs, w-2’s and 1% of purchase price in reserves “seasoned” for at least 3 months.. The seller can pay some closing costs including points.

The programs are based on the percentage of median income of the borrower and household size, among other things.

[NotCranky]

http://www.sandiego.gov/housing/assistance.shtml

Every incorporated city has a program and there are a few state programs. You can get a list of mortgage brokers who assist with these programs from the above linked site, I believe. If not you can get it from the San Diego Housing commissions site.

I am helping a family in El Cajon. We looked into this for them with a mortgage broker there. They can get up to a 30 percent “silent second”. It doesn’t “grandfather” out though (or it takes a very long time to do so).It involves equity sharing. There might be programs where the grants grandfather out and closing cost assistance too. There have been in the past. The equity sharing liability grand fathered out or wasn’t even part of some programs.

Normal ratios are used for DTI, 650 fico, 3 months pay stubs, w-2’s and 1% of purchase price in reserves “seasoned” for at least 3 months.. The seller can pay some closing costs including points.

The programs are based on the percentage of median income of the borrower and household size, among other things.

[NotCranky]

http://www.sandiego.gov/housing/assistance.shtml

Every incorporated city has a program and there are a few state programs. You can get a list of mortgage brokers who assist with these programs from the above linked site, I believe. If not you can get it from the San Diego Housing commissions site.

I am helping a family in El Cajon. We looked into this for them with a mortgage broker there. They can get up to a 30 percent “silent second”. It doesn’t “grandfather” out though (or it takes a very long time to do so).It involves equity sharing. There might be programs where the grants grandfather out and closing cost assistance too. There have been in the past. The equity sharing liability grand fathered out or wasn’t even part of some programs.

Normal ratios are used for DTI, 650 fico, 3 months pay stubs, w-2’s and 1% of purchase price in reserves “seasoned” for at least 3 months.. The seller can pay some closing costs including points.

The programs are based on the percentage of median income of the borrower and household size, among other things.

[mike92104]

Thanks for the info. Can someone recommend a good broker that is familiar with these? I know I can get the list, but would like to hear someones experiences.

[mike92104]

Thanks for the info. Can someone recommend a good broker that is familiar with these? I know I can get the list, but would like to hear someones experiences.

[mike92104]

Thanks for the info. Can someone recommend a good broker that is familiar with these? I know I can get the list, but would like to hear someones experiences.

[mike92104]

Thanks for the info. Can someone recommend a good broker that is familiar with these? I know I can get the list, but would like to hear someones experiences.

[Author]

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