Wednesday, August 17, 2011

How does 3% of your purchase price granted back to you sound?


 
Attention First Time Homebuyers !!!  Did you know there is a program specifically for you from the State of California that offers 3% of your purchase price which can be applied toward your downpayment or closing costs.  It's like a 0% interest loan which does not need to be repayed until you sell or refinance your home down the road.

You could potentially purchase a home for a s little as 1% of the purchase price using this program, however there are restrictions (of course) !  You must live in your home for at least 3 years, and there are income restrictions depending on how many are in your family, the restrictions currently in San Diego are from $63,400 up to $119,600 currently.

However as an option in this economy, it's a great program, check with my buddies at http://www.homeownershipuniversity.com/ for more information and eligibility status.  Here's to helping you obtain the American Dream of homeownership!



Jane Loveday
Licence # 01439083
Pacific Sothebys International Realty
619-519-1615 Cell
http://janeloveday.com/
http://www.facebook.com/realestatesandiego
http://www.linkedin.com/in/janeloveday

No comments:

Post a Comment