Hi,
If you are a First Time Homebuyer (by definition, haven't owned a home in the last 3 years) and want to buy a home, but don't have enough for a down payment, then the City of Escondido may have a solution for you. You can receive up to $25,000 of down payment assistance if you qualify as a first time homebuyer and a moderate or low income household. The down payment assistance is a loan that you don't have to make payments on or pay back until you sell your home, transfer it, refinance it, or convert it to a rental.
This may be the opportunity you have been waiting for! You must purchase a home in the City of Escondido. Please give me a call if you want more information on this program or to get a list of approved lenders for this program. You can also visit the City of Escondido web site at http://www.escondido.org/Data/Sites/1/pdfs/Housing/FirstTimeHomebuyerProgramEnglish.pdf
Happy House Hunting!
Crista :)
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