The federal and state tax credits for home buyers may be long gone, but there are still programs available to provide financial assistance to first time home buyers.
The California Housing Finance Agency just reinstated its School Facility Fee Down Payment Assistance Program (SFF), which offers a conditional grant based on the amount the school facility fees paid by the builder of a new home.
The SSF has two programs. The first aids first time buyers. The second aids buyers in specific economically challenged counties and waives the first time buyer requirement.
The aid allows new home owners to be able to fund their down payment, closing costs and any other costs that are associated with their first mortgage loan.