There are multiple First Time Home Buyer programs for San Jacinto, California.  The following are some details on the County of Riverside FTHB program:

• Up to 20% of the purchase price for down payment assistance not to exceed $75,000
• Silent 2^nd mortgage with no monthly payments at 0% interest forgiven after 15 years
• No resale restrictions or equity share component
• No minimum buyer contribution towards down payment required (No money down)
•  No Foreclosed, Bank Owned Properties Allowed         2010-2011 allocation ok for REO’s (when funds received)
• Purchase price & appraised value cannot exceed $292,686        Sales price limits are subject to change
• SFR, condo/townhouse/PUD or NEW manufactured home (on permanent foundation)
• No In-Ground Pools or Spas,Minimum 2 Bedrooms
•  If property was tenant occupied, tenant must have been given 90 day’s written notice to vacate at least 90 days prior to the initial offer to purchase (exception- when a tenant is going to purchase the home they’re currently renting)
•   If property is currently owner occupied- 90 day vacancy requirement is waived
• Must be a first-time homebuyer: no ownership interest in real estate in the past 3 years
• Primary Residence
• Must attended 8 hour homebuyer education course from HUD approved provider (Ask me for the list of courses)
• Riverside County Programs have NO minimum credit score or quality requirement. (However, the first mortgage lender will have a minimum credit score depending on the loan type.)
• Buyer must qualify for eligible 1^st mortgage (30 year term, fixed rate, fully amortized) through participating lender. (Affinity Financial is a participating lender)
• Buyer within income limits

If your income is higher than the income listed above, we have other down payment assistance programs with higher income limits.  Contact Heidi Lawler at 858-693-5400 or Heidi@affinity-financial.com for more details.

The first step to start the process is to call or email Heidi Lawler to confirm that you meet the qualifying criteria.  Next step is to gather your loan documentation and get officially approved.  You will also need to attend the First Time Home Buyer class while your loan is being pre-approved.