Tired of renting? Are you paying $900 or more for rent per month? Stop paying your landlord's mortgage and buy your own home. The Down Payment Assistance Program can help you by providing up to $13,500 in Down Payment Assistance and reducing your Total Move-In Cost to as low as $2600 when you purchase a home in the Palmdale/Lancaster area.
Find out if you are eligible by completing the form below or call 661-860-4577 and speak to an Area Specialist.
Let's Take a Look at How The Program Works!
We have 3 programs available to help you. One with the State of California Housing Finance Agency(CalHFA) and the National Homebuyers Fund offers 2 programs.
You are encouraged to apply if:
1. You are currently paying more than $900 per month for rent; and
2. Your total household income is less than $78,000 per year.
Here is an example of two homebuyers.
Buyer A- is not using the Down Payment Assistance Program. This Buyer will need over $12,000 to purchase a $150,000 home.
An FHA home loan requires a 3.5% down payment which equals $5250, plus an additional $7550 for the closing costs. The total Move-In cost would be over $12,800 without the Down Payment Assistance Program.
Buyer B- is tired of renting and will use the Down Payment Assistance Program. This buyer can purchase the same $150,000 home with the total Move-In cost as low as $2600.
Here is Why.
The Down Payment Assistance Program will cover 3% of the required Down Payment which is $4500, the seller and lender take care of the majority of the closing costs, leaving Buyer B with the Total Move-In Cost as low as $2600.
Ready to Stop Renting Today?
Take the first step to determine if you are eligible to receive up to $13,500 in Down Payment Assistance. You can contact RENWICK PROPERTIES today by:
1. Completing the form below; or
2. Call 661-860-4577 to speak to an Area Specialist.
We look forward to helping you become a homeowner soon.