Call Toll Free: 1-866-Swift-Source
Alternate Tel: (858) 405-5620

Welcome to First-Time Homebuyer Heaven


Your Best Provider of Real Estate and Financing Services For The Purchase Of Your First Home

Ask Me A Question
 Apply Online
 

 Home
 Assistance Programs
 Quick Qualifying Chart
Calculate Tax Benefits
 My Promise To You
 My Closing Cost Guarantee
 Safe Loan Types
 Unsafe Loan Types
Home Buying Processs Homebuyer Misconceptions
 Credit and Credit Issues
 Closing Costs Explanation
Tax Advantages of Owning
Useful Free Reports
Meet Your Team
 Map of San Diego County
Contact Information

 


 

 

 


 

 

Stacking First Time Home Buyer Financial Assistance Programs Together – The Basics

 

Most Realtors have heard of first time home buyer assistance programs such as CalHFA, the MCC, Community Housing Works, and Acorn. Many Realtors also know that lots of local cities have their own first time home buyer down payment assistance programs for first-time homebuyers. What most Realtors don’t know is that you can often combine these programs together. This is where REAL money becomes available for first time home buyers in San Diego County. It is not uncommon for five or six programs to be combined to enable a transaction that could not have been made otherwise. Here are the two overall approaches to doing that: 

-          Encourage your first time home buyer to move into an area that has a large first time home buyer down payment assistance program. Examples of such areas might be Santee, El Cajon, and City Heights. Use that first time home buyer down payment program as the basis of selecting all other down payment assistance programs for that buyer. Many of the first time home buyer down payment assistance programs can only be combined with certain first mortgage assistance programs. Your loan officer should be able to tell you which other programs each local area first time home buyer down payment assistance program can be combined with.

-          Choose the first mortgage assistance program first, based upon your client’s specific situation and needs. The three major first mortgage assistance programs are CalHFA, the MCC, and Acorn. Each has its strengths for different buyer situations. Your knowledgeable loan officer could advise you on which of the three major first mortgage assistance programs is best suited for your client. After the first mortgage program has been picked, additional subordinate financing programs that cover down payment and closing costs can be selected. Many of the first time home buyer down payment assistance programs can only be combined with one or two of the first mortgage programs. This is particularly true with the local first time home buyer assistance programs. Once again your loan officer should be able to advise you. A loan officer who specialized in first time home buyer assistance programs can be very helpful.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Site Map  Home Page  The Major First-Time Homebuyer Financial Assistance Programs   ACORN   Chula Vista Program  San Diego AMI Chart   City Heights Home In The Heights Program   City Heights Redevelopment District   City Heights PITCH Program    Vista Program  CalSTRS  CalHFA Extra Credit Teacher Program   Teacher Credential List   Escondido HOME Program  Santee Program   Escondido HELP Program  El Cajon California Dream Program   El Cajon American Dream Program  Downtown San Diego Program   Entire City of San Diego Program   San Diego County Program   CalHFA CHDAP Program     CalHFA HiCAP Program  CalHFA HIRAP Program  Redevelopment Census Tracts  Mortgage Credit Certificate - MCC  CalHFA 1st Mortgages   VA Loans   Community Housing Works CASH Program    Safe Conventional Loans  Unsafe Conventional Loans  Quick Qualifying Charrt   $0 Down Payment with CalHFA Financing  $10,000 Down Payment with CalHFA Financing   $20,000 Down Payment with CalHFA Financing   $30,000 Down Payment with CalHFA Financing   $40,000 Down Payment with CalHFA Financing   $50,000 Down Payment with CalHFA Financing   $60,000 Down Payment with CalHFA Financing   $70,000 Down Payment with CalHFA Financing   $80,000 Down Payment with CalHFA Financing   $90.000 Down Payment with CalHFA Financing   $100,000 Down Payment with CalHFA Financing  Tax Advantages of Home Ownership  Renter 1040    Renter 540   Homeowner 1040    Homeowner Schedule A  Homeowner 540   IRS Publication 530  CTEC License  Apply Online   Ask Me Anything   Free Reports  6 Ways You Know You Are Ready To Buy  50 Fun Things To Do In San Diego   7 Reasons To Own Your Own Home   Financial Security Is The Biggest Reason To Own Your Own Home   Top 10 Reasons To Buy  It's a Great Time To Buy    My Promise To You   HUD-Approved Classes   Map of San Diego County    Credit Issues   A Summary of Credit   Do's and Don'ts During Homebuying Process    What-If Credit Simulator    What-If Credit Simulator - Paying Off 3 Credit Cards   What-If Credit Simulator - Allocating $5,500 Toward All Debts   Rapid Rescore   8 Ways To Improve Your Credit Score  Disputing Items On Credit Report   Common Misconceptions That First-Time Buyers Often Have   Top 10 Reasons To Buy Your First Home   Zig Ziglar Sales Poem - The Bride White of Hair   8 Ways of Getting Your Finances In Order   Recommended Books   Home Buying Process   People In The Home Buying Process   Points of Negotiation In The Home Buying Process   Guarantee of Closing Costs What Your Home Inspector Should Cover  Home Preferences Checklist   Tips For Finding The Perfect Neighborhood  Meet Your Team   Contact Information Beware the Option ARM Criminals  Getting The Most From The First Time Home Buyer Finance Specialist   Stacking First Time Home buyer Financial Assistance Programs Together The Misadventures of Using LendingTree.com  APR Is A Poor Way To Compare Closing Costs   Disposing of Real Property   The Home Mortgage Interest Deduction   Ten Things To Do To Get Ready For a New Home Purchase  Documentation That The First Time Home Buyer Will Need   How To Protect Yourself During The Mortgage Process   Make Sure That You Can Handle The Worst-Case Scenario   Incentives That Condo Converters Force Upon Buyers  The Loan Officer's Most Important Question   The Two Things That Prevent 57 Percent of First Time Home Buyer Purchases  The Short Sale  Allied Gardens   City Heights  Clairemont  College_Area  Coronado    Downtown  Encannto   Golden Hill   Hillcrest  Kensington   La Jolla   Linda Vista   Logan Heights  Mira Mesa  Pacific Beach  Mission Valley  Morena  North Park  Ocean Beach  Paradise Hills Point Loma  San Carlos Scripps Ranch  Serra Mesa   Sorrento Valley  Tierrasanta  University City  Alpine  Campo  El Cajon  Jacumba  Jamul  La Mesa   Lakeside  Lemon Grove  Pine Valley   Rancho San Diego   Santee   Spring Valley Bonsall  Borrego Springs   Escondido     Fallbrook   Julian   Penasquitos   Poway   Ramona   Rancho Bernardo   Rancho Santa Fe   San Marcos   Valley Center  Vista  Cardiff   Carlsbad   Carmel Valley  Del Mar   Encinitas  Oceanside   Solana Beach   Bonita   Chula Vista   Imperial Beach   National City   Nestor    San Ysidro

 

 

 

 

 

 

 

First Time Buyer Books

Realty Investor Books

Find An Affordable Home!
 

 Apply Online


Ask Me A Question
 

Here Is An Invitation to My Next Learning Annex Class On First-Time Homebuyer Financial Assistance


Check Out The Latest News In First-Time Homebuyer Financing

 

Brought To You By
Mark Harmon, Realtor
®
CalHFA Preferred Loan Officer
USA Realty and Loans

Brokerage Main Office
3994 Carson St.
San Diego, CA 92117