Lately, various financial assistance programs have sprung up for those looking to buy their first home, and you could be accessing thousands of dollars without knowing it.
The process can be daunting, especially when someone is considering buying a home for the first time, but there are invaluable resources out there as there could be tens of thousands of dollars available to help you out, and virtually free.
If you’re considering buying a home and you’ve never owned it, or at least not in the last three years, you’re considered a “new buyer” and there’s plenty of help for new buyers. .
HERE ARE SOME PROGRAMS
CALHFA is the California housing finance agency that offers several assistance programs.
But what kind of help? Well, they could help you process loans, whether government or conventional, and in some cases you might even receive bonuses, which you don’t have to pay, to help cover the cost of the loan. ‘purchase. If you are interested, you can actually dial 877-922-5432 or enter here.
LBHOME GRANT is a program in the city of Long Beach, which, starting March 15, will give approximately 100 eligible people up to $20,000 to pay the down payment and closing costs, if you are looking to buy a home in that city, visit longbeach.gov/lbhomegrant or call 562 570 6949.
MONEY is a Los Angeles County program that provides loans to first-time home buyers for up to $85,000 or 20% of the total cost of the home, whichever is lower. And these loans are 0% interest, with deferred payments, so you only have to pay them back if you sell the house, transfer title, or stop living in it. For this program, visit lacda.org/home-ownership, where you can confirm your eligibility and register for a seminar for guidance.
LAHD is the Los Angeles Department of Housing and offers two programs for first-time home buyers. The first, known asLIPA”for low-income people”, offers loans of up to $140,000 to pay the down payment and purchase costs, depending on your income, for example, a family of 4 earning less than $95,300 per year would be eligible. Enter here for more information.
CMC It is a loan for low-income families. In this one, a family of four earning $95,301 to $145,050 could receive between $90,000 and $115,000. For more information on these loans, which require no payment if you don’t sell the home, you can call 213-808-8800.