Author Archives: Cvedrene

  You can receive much more of your home purchase cost in down payment assistance than you think. You can receive larger down payment assistance which amounts to more of your home purchase cost than you first imagined. The max is usally 25%. We received 33%. There are certain programs within the San Diego Housing commission structure that gave us much more money than we thought we would get initially. Call me for my secret way to access these funds. The key is that working with a realtor and a mortgage lender that knows the San Diego first time home buyer process proves invaluable to you. You may feel attached to your realtor or may be swayed by the amount of properties they have sold. The question you need to ask them is how of many those fine people are first time home buyers that received the down payment assistance from the San Diego Housing Commission programs like the DCCA. Please reach out to me if you would like to work with a Realtor that is thoroughly familiar with the process or who has actually used this process to purchase their own home. Can you imagine leaving upwards of $20,000 on the table because you used the wrong Realtor? Ask around. There are plenty of folks who live with this reality every day. Not us, and hopefully not you. They gave us 7% that we never have to pay back. That’s more of your home purchase cost towards the amount of down payment assistance. They then gave us another large loan with a 0% interest rate that could be used to fix up the house.  There are secret strategies that have to be done correctly to unlock these funds. More of your home purchase cost percentage of the down payment can be...
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Ok guys, its time to get cleared to go San Diego home shopping. If you use a mortgage specialist that is familiar with the first time home buyer down payment assistance program; you will know very shortly if you qualify with the San Diego housing commission or not. The underwriters there are very thorough, probably more thorough than the underwriters for your first loan. The key is having a mortgage lender that is not just on the San Diego Housing Commission list but one who works often with first time home buyers through the program.  They are abreast of the changes. They know what questions to ask both you and the housing commission. If something gets derailed it is usually easy to fix because they know what they are doing. I can help you narrow your decision quickly as we were able to work with a person that met our high criteria. I’m happy to help you find a person that will work with your needs and preferences as well as have your best interest at heart. Time to get cleared to go San Diego home shopping. A good mortgage specialist will let you know if your credit needs to be higher, if your income statements need to be more accurate, or you need to show more proof of what you claim. Whatever they ask you please do it.  If you want to get cleared to go San Diego home shopping you will. They may ask you to write letters or get certain documents from your job or from the bank to forward to the housing commission to approve your first time home buyer down payment assistance. I can help you write those letters. Call me at (619) 886-1826 or email me below. Our mortgage specialist sent our package to...
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To get  the most money for down payment assistance you have to focus on certain neighborhoods. The ratio of modest prices to low crime to convenient location vary wildly in San Diego.  The first time San Diego first time homebuyer program has the best benefit for those who buy homes in certain neighborhoods. Some of the best deals to be found for first time home buyers are in the cities of Santee California, El Cajon California, Chula Vista California, Escondido California, La Mesa California, National City California, Carlsbad California, Encinitas, and of course San Diego. You will probably make your decision on where to buy the house when it comes to looking at the criteria that is best suited for your family. You want to figure out things like commute time to your place of employment. That would include heavy traffic hours normally between 7:30 AM to 9:30 AM and 3:30 PM to 6:30 PM. If your employment is in north county San Diego or the north part of San Diego, then homes in the City Of Sandiego, Carlsbad, Encinitas, or  Escondido may be your best choice. If you find employment towards the east part of San Diego those are very easily reachable from Santee, El Cajon and north eastern part of Chula Vista.  If you find employment in the south part of San Diego you’re looking at Chula Vista or National City being your best bets to look for your first home. Besides employment you definitely want to look at the crime rates for each of the areas being mindful that a high crime rate in association with a beach community normally involves young people over drinking. Here are some areas that you might avoid. The Encanto area, Barrio Logan, City Heights area are principally the highest crime rates in relation to a...
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The home must be approved for the first time homebuyers down payment assistance to go through. One big thing in order for any first time homebuyers down payment assistance to go through, the home you want must be acceptable to the program. There is verbage in the SDHC and DCCA paperwork that says the prospected home must pass certain criteria. What criteria? (Please see San Diego Housing Commission documentation for a complete current list. This list is from what I can remember from my memory and is only to be used as  guideline of what to look for.  The SDHC rental inspection checklist may be a good resource for you as it gives an idea of some of the things they may look for.) Structure must be sound – No cracked slabs, cracked foundations, wall structures in disrepair, no exposed plumbing, no exposed electricity just to name a few. Safety hazards must be contained – No exposed asbestos, water heater tank must be secured for earth quakes, fire hazards removed, no broken floor tiles, no exposed electrical wires, and no plumbing exposed. Additions must have permits – All extra room additions must be permitted properly with the city of San Diego. These requirements are a tremendous protection and benefit for first time homebuyers down payment assistance to go through. Can you imagine if you bought a house on your own, but did not have enough experience to know the reason the house had such a low price was because the foundation slab was cracked? That would have been a $20,000 – $30,000 mistake. There are many houses that seem like steals in San Diego, but the red flag is how long they have been on the market. Anything over 7 days on the market is not a steal. Red flags should go...
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There is Essential and Highly Recommended reading for San Diego first time home buyers before you decide on which home to buy. Remember that although you are excited and relieved to have been approved to go home shopping there are a lot of mistakes that you can still make. You are about to make the largest purchase of your life and there are many greedy people ready to take advantage of your high emotional state combined with lack of experience. So put a little ice on it and calm yourself down before you spend $10,000 more that you have to. Essential and Highly Recommended reading for San Diego first time home buyers before you decide on which home to buy is required because you know so very little about mortgages and home buying. We were the same way. I mention these books for those who haven’t called me; if you had of called me you would have used the correct HONEST loan officer and would have received these books from me as a gift in most cases. But since you didn’t call me, I will still help you after the fact. No doubt you will see the mistakes you made in short order of reading the first chapters of these books. Its not too late to change mortgage people or realtors. You haven’t lost much other then time at this point so please order these books today and from now on listen to my advice. Why? It’s quite simple. I have been through this process before, have been successful at it, and you haven’t. I don’t have an angle. If I can help you I will. Just call or email me below. I’ll answer or direct you to the best answers available on anything to do with San Diego first time...
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What we did to get our offer accepted in a hostile competitive San Diego Realestate market may seem daunting for a San Diego first time homebuyer, but have no fear. If we could do it, almost anyone can. We put in literally 40 plus offers on homes only to be beat out by bids tens of thousands of dollars higher than what we offered. Investors and cash buyers ate us alive. It was discouraging to the point of tears but eventually we found a way to get our offer accepted in a hostile competitive San Diego Realestate market. It wasn’t until we accidentally stumbled upon one secret that got us to the top of the big pile and locked in with the contract of the dream home we eventually purchased. What we did to get our offer accepted in a hostile competitive San Diego Realestate market may seem daunting for a San Diego first time homebuyer, but have no fear.   It is a very complex process that requires a lot of preparation. But when executed properly and the timing is right, you can get your offer accepted in the most competitive market. Remember as a San Diego first time homebuyer you have a complex long process that is unfamiliar to the seller’s agent, and you are going to get competition from high dollar depositors or all-cash offers from investors that view you as a bug on the windshield. I remember distinctly looking at a home when in walks a wealthy person that had no qualms about speaking in a loud voice of how his all cash offer and very high bid offer needs to be accepted verbally now and all the others offers need not to be considered while looking at me sideways across the room. We were totally...
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This info will be in my new book. San Diego First Time Home Buyer Secrets. Pre-order here.  ...
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