1st Time Home Buyer Program in California

1st Time Home Buyer Program in California

Hi, my name is Teresa Tims, I’m President of TDR Mortgage in Upland, California and I serve the entire California market, and I’d like to talk to you today about a 1st Time Home Buyer Program in California.

How Much Money Do I Need to Buy a Home

You have landed in the right place because TDR Mortgage has been doing buyer programs since 1998, specifically the CalHFA program, which allows you to get into a home in California for as little as $2,000, total, out of pocket. When Buying a home in California, a $500,000 home, you’d probably need about $30,000. So, being able to get into a house with only $2,000 is a pretty darn big deal. This is why 1st Time Home Buyer Program in California make sense. 

The CalHFA program is an abbreviation for California Housing and Finance Authority. They’re really great folks up in the Sacramento area and we’ve been dealing with them since 1998 and I know a lot of the people up there on a first name basis.  CalHFA is eager to help you, just like I am!

What Should I Do First?

One of the first things that you need to do, to find out whether or not you qualify, is give us a call and get an application filled out so that we could process your cash, credit and income.  We then would find out what loan suits you best. Is it going to be some type of a buyer program? Or maybe it’s going to be a conventional loan product, which would probably yield you the lowest overall payment or perhaps a regular FHA loan to give you more purchasing power.

When you’re seeking out someone that is going to help you do some kind of buyer financing, you’re going to need to look for a certain set of attributes. Not everyone is able to help you in the same form or fashion because not everyone has the skill set needed to maneuver in the lending world.

How Fast Can you Buy a Home In California?

A lot of times we start out with somebody, let’s say we start out with them in August and they’re not actually ready or they’re not able to get financing until December. It can be as little as a 2 day process, or it could be a 2 month process, or it could be a 4-5  month process, depending on where you’re at exactly. A regular loan takes about 21 days to close, however 1st Time Home Buyer Program in California takes an extra week or 2 depending on how long CalHFA’s review process is. We like to say 30-40 days depending on how complicated the loan is.  

How Do I know I can trust TDR Mortgage?

We take a lot of pride in the fact that we’re able to hold your hand during this process so that you’re able to rest easy in knowing that you’re dealing with somebody that is going to put you in the program that’s really, really best for you and in your overall best interest.

When you’re looking for a company to help you with buyer financing, it’s not so much just the company, it’s the actual loan officer that’s helping you with the loan. You want to make sure that that individual has the skills and experience to guide you along the process and help you with any potential problems.

When you’re looking for somebody to help you with a first time buyer program, Google the person … you’re on the phone talking to some internet lender, Google that loan officer’s name and find out how they rank and how they compare to other people that you’re talking to. You can also check me out on Yelp where I have 5 Star Reviews.

What if I Don’t Qualify for a 1st Time Home Buyer Program in California?

If you don’t qualify for a buyer program, for whatever reason, and we just put you in a regular FHA or conventional loan, know that we compete with the biggest internet lenders out there in terms of pricing because I am what’s called a Mortgage Broker. A Mortgage Broker is someone that’s able to fit you with the company that’s best for you with excellent Home Loan Interest Rates.  

We have access to all different types of loans and different types of lenders, and some lenders offer better pricing than others on certain days. Well, I know when those days are. Some lenders are more lenient with lates after a bankruptcy, I know who those lenders are. Some Lenders are more aggressive in terms of allowing overtime, If you don’t have over overtime for two straight years, most of the time you can’t use it. Well, I know lenders that work outside of the box.

So, when you’re getting ready to make one of the biggest purchases in your life, don’t just put yourself in anybody’s hands. Put yourself in my hands. Seriously, give me a call at 909-920-3500. I would love to help you and your family.