LA 1st Time Home Buyers 2017
First Time Home Buyer Progams Los Angeles 2017
2017 LA first time buyers are able to purchase newly renovated or remodeled homes that Los Angeles Housing Dept has purchased from lenders after foreclosure. Like most 2017 first time home buyer programs, a buyer must not currently have any current ownership interest in a property for the last 3 years, nor any mortgage obligations at the time of offer is made on a home. *WHILE FUNDS LAST!
REQUEST A PRE-QUALIFICATION TODAY!
City of Los Angeles LIPA - First time home buyer program in 2017 Up to $60,000 in down payment assistance for Low Income Families. Silent Loan for low income families. Available for any home within the incorporated City of Los Angeles. Funds can also be used for closing costs. Homebuyer class is requiredCity of Los Angeles MCC Dollar for dollar tax credit on the interest paid on the home. Help buyers qualify for a higher purchase price.City of Los Angeles RNLA
Up to $60,000 in down payment assistance for Low or Moderate Income Families.
Available only for homes offered by RNLA.
Funds can also be used for closing costs.
County of Los Angeles HOP Up to $60,000 in assistance. Eligible for certain cities and all of the unincorporated areas of Los Angeles County. Silent Loan for low income borrowers. Buyer only required to come in with 1% down in most cases. APPROVED short sales allowed
Must pass city inspectionCounty of Los Angeles MCC Dollar for dollar tax credit on the interest paid on the home. Helps buyers qualify for a higher purchase price.
RNLA Requirements 2017
- Completion of an 8 hr homebuyer education class from a Los Angeles housing dept approved course provider.
- Obtain an eligible mortgage loan from an LAHD lender. (We have one ready to take your application!)
- Obtain the purchase assistance financing from LAHD (outside financing will not be eligible for RNLA homes).
- Occupy the home as your primary residence even if the home is two units, both units must be occupied by borrower and their extended family
FIND OUT IF YOU QUALIFY FOR RNLA OR DOWN-PAYMENT ASSISTANCE!
FIRST-TIME BUYER PROGRAMS THAT COVER LOS ANGELES AS WELL AS OTHER CITIES AND COUNTIES
We have lenders that specialize in 2017 first-time home buyer programs such as the ones listed above ready to help you!
THESE ARE JUST A FEW OF THE MANY PROGRAMS OFFERED! We work with only experienced first-time home buyer lenders who understand the many intricacies of these oftentimes complicated loans. Call us today at 310-508-4354