First-Time Home Buyer Programs

In today's market, there are many programs available for first-time home buyers, including some that allow you to come in with NO MONEY DOWN - ZERO!  Please go through the programs below and be sure to contact one of our preferred mortgage partners for a private, no-obligation consultation.

CalHFA - $0 Down!

The CalHFA will give you a 2nd loan to cover the down payment and a 3rd loan to cover the closing costs.  These loans are "silent seconds" which means that you as a buyer don't have to make payments on the loans and are typically paid back with equity when you sell or refinance your home.

Golden State Finance Authority (GSFA)

Provides up to a 5% grant that does NOT need to be paid back at any point!  Use this grant towards your down payment and/or closing costs.

  • 5% Grant Towards Down Payment or Closing Costs
  • No Payback Required
  • Loan Types: Conventional, FHA, VA, USDA
  • 1st Time Home Buyer NOT Required
  • Call Anthony Quintanar with Franklin Loan Center for more information - 626-422-4906

Other Programs We Have Available:

  • Second Chance - 1 Day Out of Foreclosure/Short Sale
  • 12 Month Bank Statements - Great for Self Employed Borrowers
  • Professional Programs for Doctors & Teachers
  • FHA - 3.5% Down
  • Conventional - 5% Down
  • Call Anthony Quintanar with Franklin Loan Center for more information - 626-422-4906

Platinum First Time Home Buyer Program

Chenoa Fund First Time Home Buyer Program

The Home-Buying Process

  1. Meet With a Great Realtor® For a Discovery Session

    The very first step is to meet with a great Realtor® to strategize and plan out your home-buying experience.  We will look what your needs are, what type of home you're looking for, and when you would like to be living in your new home.  We will also introduce you to our great mortgage partners to look at the different types financing programs available for you, including first-time home buyer and down-payment assistance programs.
  2. Get Pre-Approved With a Great Loan Officer

    When you meet with us, we would also like to introduce you to our mortgage partners, who will pre-approve you to see how much you can comfortably afford.  They will review your credit report, paycheck stubs, tax returns, and bank statements so that they can determine which program best fits you.
  3. Start Looking at Homes

    Now that one of our mortgage partners has confirmed how much you qualify for, we begin the fun process of looking for your new home.  The easiest way to do so is to search directly on our website and when you create an account, you will be able to add the homes you really like to your "favorites" and save them.  This will let us know which ones you like so that we can look for only those types of homes, making the process easier and more streamlined.  Once we've identified the ones you really like, we can then tour those and start making offers.
  4. Make a Strong Offer

    It's no secret that there is a shortage of homes in today's market compared to the amount of buyers that are out there.  Therefore, it is crucial that we make a strong offer right from the start to ensure we get your offer accepted.  This is when working with the right agent really makes a difference.  Most agents will simply just email your offer to the seller's agent, but a strong agent will make sure that your offer is the one that actually gets accepted.  This is what sets us apart from the competition.  Contact us to find out how we have been successful in getting about 85% of our offers accepted without being the highest offer.
  5. Open Escrow

    Now that your offer has been accepted, we open escrow.  This is the point when you send your Earnest Money Deposit (EMD) to the escrow company in the form of certified funds.  For more information on what the EMD is, visit our FAQ section.  The escrow process is usually anywhere between 30-45 days and this is when all of the inspections and reports are ordered so that we can verify the condition of your new home.
  6. Order Inspections & Reports

    Right after the EMD has been sent it, our team will order a termite inspection, a property inspection, a natural hazards report, and an appraisal report on your behalf.  These inspections are to check the condition of the home to make sure there isn't any significant damage that we couldn't see before.  Other inspections may be ordered as necessary based on the findings of previous inspections.  For more information on what items are checked during these inspections, please visit our FAQ section.
  7. Request Repairs

    Once the inspection reports come in, we will get together and determine which (if any) major repairs we would like the seller to fix.  In today's market, it is customary for the seller to fix some of the repairs from the reports that we ordered, depending on the overall condition and the price of the home.  Typically, if the seller is unable to fix any of the repairs, they will usually lower the price or give a credit back to you as the buyer.  However, it is important to remember that this varies on every transaction and not all of them result in the same outcome.
  8. Final Loan Approval & Final Walk-Through

    Now that we have a complete and final approval, you will now sign the final loan documents from the lender at the escrow company's office with a notary.  At this time, you send in the remaining down payment to escrow.  We will also schedule a time to do a final walk-through on your new home.  This is to make sure that the home is still in the same condition as when we opened escrow.
  9. Fund & Record

    During "funding," the escrow company will now disburse all of the funds to the appropriate parties involved.  After it funds, the title company will now deliver and register your notarized deed to the County Recorder's office, where you legally take ownership of your new home.
  10. Deliver Your Keys

    Finally, it's over!  Escrow is now closed and we're cleared to hand you over the keys to your new home.  Congratulations!

Need Help With Your Credit?  We Can Help!

Having issues with your credit isn't something that's meant to remain permanent.  This is something that needs to be addressed and the best way to do it is to tackle it head-on.  Over the past few years, we have helped many clients improve their credit and get into their new home.  Don't let bad credit stop you from missing out on one of the best markets in which to buy a home.  Take advantage of the current favorable market conditions and historically low interest rates and contact us now to get you started.

Helpful Information on Buying Your Home

Home Buying Can Be Easy
As your buying agent, we can help streamline the process of buying a home and make it easier for you. we’ve aligned ourselves with the top professionals in the industry, and once an offer has been accepted, we will personally help facilitate the process to close on the home. By working closely with mortgage brokers, title & escrow companies, home inspectors, and home warranty companies, we will provide you with the best service possible!

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!

10 Hot First-Time Home Buyer Homes!

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.