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FIRST TIME HOME BUYER



The typical obstacles for most first time home buyers are poor or insufficient credit history, no down payment, and in the central coast market, affordability. Most prospective first time buyers aren't aware of the many programs available to help
them overcome those barriers to home ownership.
 
* Were you aware that there are programs that will offer below market interest rates
  and down payment assistance to first time buyers?
 
* Were you aware that some of these programs are available for low to moderate
  earners and some have no income limitation at all?
 
* Were you aware that some first time home buyers are eligible to use up to $10,000
  from their IRA toward a home purchase without penalty? (Check the details with your tax adviser).
   
There are many ways to make the worthwhile goal of home ownership happen. And,
now with historic market wide price declines making housing more affordable, there is
a perfect storm of opportunity for first time home buyers on the central coast. Because
of this, Mint Properties will host several home buying workshops in the coming months. Sign up now -- space is limited! Please contact Mint Properties at (805) 938-9950 for more information on upcoming workshops and for a free first time home buyer consultation.


Also, the following resources are great starting points in your research:

ACORN Housing Corporation
Lower interest rates, lower down payments and lower settlements costs for low to moderate income borrowers.
AmeriDream
Down payment gifts and closing cost assistance.
California Housing Finance Agency - First Time Buyer Program
Down payment assistance and below market interest rates for first time home buyers.
CalPERS Member Home Loan Program
Loan program for people who participate in the State of California employee retirement plan.
The Genesis Program
Down payment gifts to home buyers.
Monthly Mortgage Assistance Program
Mortgage payment assistance with no income restrictions.
Neighborhood Assistance Corporation of America (NACA)
Prime loans for sub-prime borrowers, no down payment, no closing costs, and below market interest rates.
Responsible Home Ownership
Downpayment gifts to home buyers
The Nehemiah Program
Gift funds toward down payment and/or closing costs with no income limitations.
Veteran's Administration
Information for veterans on the VA home loan programs.


Other resources:
California Dept. of Real Estate - First Time Home Buyer Guides
County of Santa Barbara Affordable Housing Program
City of San Luis Obispo Affordable Housing Update
Consumer Credit Counselors of Ventura County
Fannie Mae - Home Buyers & Homeowners Info
Freddie Mac - Buying & Owning a Home
Ginnie Mae - Your Path to Home Ownership
Habitat for Humanity Northern Santa Barbara County
Habitat for Humanity for San Luis Obispo County
HUD on Buying A Home
People's Self Help Housing




Tni LeBlanc, Realtor with Mint Properties in Santa Maria, California
Tni LeBlanc
Telephone
805.938.9950
Mobile
805.878.9879
Click To Call Me
Mint Properties
EcoBroker Certified
Certified Distressed Property Expert
Coastal Housing Partnership - Local Housing for Local Employees
Equal Housing Opportunity
 
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