First Time Home Buyer Los Angeles!

Chuck Gebert to Present 1/22/2009 at the Southland Regional Association of Realtors.

They Say 'Low' or 'Moderate Income', but DON'T BE FOOLED!
If you make under $119,980 annually, you MUST ATTEND a First Time Home Buyer Workshop to learn more!!!

You may not even need to be a 1^st time buyer!

This website is dedicated to teaching First Time Home Buyers, or First Time Home Owners as you may call it, how to go about purchasing their first home. MORE IMPORTANTLY, however, we are dedicated to showing First Time Buyers how to use Down Payment Assistance Programs, Grants, City Down Payment Assistance Loans, State Down Payment Assistance Programs, and State Below Market Financing to get into their first home!

Attend one of our many FREE workshops where we discuss the home buying process, what lenders look for, how your FICO works, how to increase your FICO score, how to qualify for down payment assistance and more.

Definition of a First Time Buyer: 

1. Person who has not owned real property for the last three years.

2. Person who has not LIVED IN a principle residence they own for the last three years.

These are the two definitions utilized by most programs. It is OK if you've owned investment property to still qualify for these programs! In addition, if you purchase in certain up and coming areas, you need NOT BE A FIRST TIME BUYER AT ALL!

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Here's a sample list of programs we currently work with;

• Los Angeles Housing Department (LAHD)- $50,000 to $90,000 Down Payment Assistance for Low and Moderate Income First Time Home Buyers

• American Dream Down payment Initiative (ADDI) - Greater of 6% or $10,000 Down Payment Assistance for Low Income First Time Home Buyers purchasing condos

• California Home Buyer Down Payment Assistance Program (CHDAP) - 3% Down Payment Assistance for First Time Home Buyers with Low and Moderate Income

• High Cost Area Purchase Program (HiCAP) - 4% Down Payment Assistance for First Time Home Buyers

• Mortgage Credit Certificate (MCC) - Dollar for Dollar tax credit for First Time Home Buyers with Low or Moderate Income

• Simi Valley Housing Department - Up to $100,000 Down Payment Assistance for First Time Home Buyers

• Extra Credit Teacher Program (ECTP) - Program for eligible teachers, administrators, staff members and classified employees to receive 3% down payment assistance and a reduced interest rate on their first mortgage.

Most programs can be combined for maximum benefit!

Chuck Gebert is the Host of the popular Straight Talk Real Estate Show

You can find great local Calabasas, California real estate information on Localism.com Chuck Gebert is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

Chuck Gebert, Troxler & Assoc., Inc. Lic. by the CA Dept of Real Estate Broker License #01096916

*$133,410 of down payment assistance based on a purchase price of $399,000 within the incorporated areas of the City of Los Angeles. $90,000 down payment and closing cost assistance from Los Angeles Housing Department (shared appreciation program, no payments until maturity), $23,900 American Dream Down payment Initiative (shared appreciation program, no payments until maturity), $11,970 California Homebuyer's Down payment Assistance Program funds  (3% simple interest, no payments until maturity), $7,500 High Cost Area Home Purchase Assistance Program funds (6.75% simple interest, no payments until maturity). Income assumption of 4 person household with gross annual income of $59.200 or less. Income limits and sales price limits apply.

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