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 used for house repairs and improvements than you imagine. We were blown away when we stumbled across them. I’m happy to guide you through the process.
I sincerely believe focusing on these aspects is among the best decisions financially to buying a home in San Diego. I know the secrets. Call me at (619) 886-1826.