First Time Homebuyers Flocking to Our Down Payment Assistance Program

We’re sharing some very exciting news today for First Time Homebuyers!  New California State Programs are making homeownership a reality for first time homebuyers.  Owned a home in the past? You’re considered a first time homebuyer if you haven’t owned a home for 3 years.
We have access to several programs. There are no money down programs available to those choosing to live in Pomona, Claremont, Upland, Rancho Cucamonga and surrounding areas.
We’ll be offering workshops that will help you on your Path to Homeownership.

A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less.

The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%.

An article by Chase points to a new wave of millennial homebuyers:

“We teamed up with Google to help us better understand what customers are searching for and how the home buying landscape is evolving. We found that millennials and first-time homebuyers are making a big splash in the market, and affordability remains top of mind.”

Among millennials who purchased homes, David Norris, Loan Depot’s Head of Retail Lending, said:

“It’s clear from the survey results that Millennials have a lot of anxiety built up about the home buying process.

There is good news, however, as there’s more flexibility than most Millennials think regarding how to qualify for a loan and what’s needed for a down payment.”

First Time Homebuyers Flocking to Our Down Payment Assistance Program

Bottom Line

If you are one of the many millennials who is debating a home purchase this year, let’s get together to help you understand your options and set you on the path to preapproval.

Want to Buy a home? Text Buy to (714)880-8875

We’ll send you our latest E-Book: Things to Consider When Buying A Home

Kris and Kim Darney – REALTORS® – Grandparents – 909.985.9392 – CA BRE# 01930954; 01464957; 01458057

712,000 US Homes Moved Into Positive Equity in 2017

The average homeowner gained approximately $14,900 in equity during the past year. Compared to Q3 2016, negative equity decreased 22% from 3.2 million homes, or 6.3% of all mortgaged properties. U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a total of $870.6 billion since Q3 2016, an increase of 11.8%, year-over-year.

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