First time home buyers grant

First time buyer grant
There is a new home owner grant, which means FREE MONEY for a qualified first time home buyer. They must purchase a home in either the Santa Clarita or San Fernando Valley area. Each grant will be awarded to the most deserving applicants for $2,000 to be paid after the close of escrow.

Grant available to police officers, Sheriff, CHP officers, veterans and active military

To qualify the home buyer must be either a veteran or serving in the military, a police officer, CHP officers, or sheriff. The amount of grants available are limited and will be awarded to qualified applicants on a first come first served basis until they run out. The program should last one year or until all of the grants are given out and started on May 6, 2013.

Grants for homes purchased in Santa Clarita and San Fernando Valley area cities

Buyers must purchase a home in either the Santa Clarita or San Fernando Valley areas, which does consist of many cities. Some of the cities where the grant could be used is; Valencia, Canyon Country, Saugus, Newhall, Castaic, Stevenson Ranch, Northridge, Granada Hills, Green Valley, Chatsworth,Woodland Hills, Encino, Sherman Oaks, Canoga Park, West Hills, Studio City, North Hollywood, Reseda, and many others.

First time home buyers do not mean you never owned a home just that its been 3 years

The applicant must be a first time home buyer as defined by the state of California, I believe that means that you could not have owned another home for 3 years proceeding this purchase but you could have owned a home at one time (home buyer to check with the state on that policy and confirm rather than relying on that).

If you owned while married and now are single you are a first time home buyer

If you only owned a home with a spouse and now you are single you are also considered a first time homeowner even if you just sold your home and now want to buy another one.

Income limitation for home owner grant is between $95,160 and $111,020

The income should not be more than $95,160 for 2 people or $111,020 for 3 or more people in the family. If you already closed escrow on your home after May 6, 2013 you may be eligible for the grant and should apply since you don’t have to apply for the grant until after close of escrow.

First time homebuyers course is required to be eligible

All applicants must attend a first time homebuyers course that is approved by the Los Angeles Housing Department, LAHD, I believe there is one given in Pacoima which would be closest to the Santa Clarita and San Fernando areas, the other is given in downtown LA. You will also need a copy of your ID, Income verification, proof of qualifying employment position, an escrow closing statement and an application from the Southland Association of Realtors, SRAR. The agent that represents you must be a member of SRAR.

Call me for more details and an application for this grant

If you are interested in this program and are thinking of buying a home then please contact me at (661)310-8215 and I will send you an application and provide you with much more detailed information

Article: First time home buyers grant 2013 for Santa Clarita and San Fernando Valley
Author: Lauren Nemeschansky : Following me on Google plus
Source: Santa Clarita Real Estate Agent

First time home buyers grant 2013 for Santa Clarita and San Fernando Valley

I am a local real estate agent here in Santa Clarita, a suburb of Los Angeles. I love to write about real estate buying and selling and address some difficult issues such as divorce and real estate, short sales, probate and relocation. I use the power of the internet and my blog to educate because in real estate “knowledge is power.” I will also enjoy some guest bloggers who are experts in their fields such as mortgage lenders, attorneys, and credit repair experts. Don’t forget to follow me on google+ and connect with social media sites!