Save $10k to $15K when buying a new home
If you're in the market for a new home in California, learn how to identify properties that are eligible for special Home Buyer Assistance programs from Arbor Financial Group!
Jump to any section:
00:00 - Intro
00:42 - Eligible Counties in California
01:30 - Eligible Census Tracts
01:59 - How to search - https://geomap.ffiec.gov/ffiecgeomap/
02:29 - Property 1 - 32850 Daily Rd, Menifee, CA 92584
02:53 - Identify Income Level and Tract Minority %
04:46 - Bonus Interest Rate Discount for Buyers!
06:09 - Property 2 - 8437 Benjamin Dr #127, Huntington Beach, CA 92647
07:53 - Review Nearby Census Tracts
09:07 - Property 3 - 75 Third Avenue #22, Chula Vista, CA 91910
09:51 - How to Choose $10,000 Grant vs $15,000 Forgivable Loan
10:40 - $0 Down Conventional Loan with NO Mortgage Insurance
11:24 - Property 4 - 126 W Century Blvd, Los Angeles, CA 90003
12:51 - Property 5 - 16016 Minnetonka, Victorville, CA 92395 (New Construction!)
More info about Home Buyer Assistance programs:
Arbor offers exclusive home buyer assistance programs on properties in eligible census tracts throughout 13 California Counties. There are thousands of eligible listings so be sure to see if the property you're interested in is eligible.
Step 1: Search the property address on the census bureau website at https://geomap.ffiec.gov/ffiecgeomap/ (be sure to select "2024" from the drop down).
Step 2: Expand the "Census Demographic Data" table to review certain line items for eligibility - "Tract Income Level" and "Tract Minority %"
To be eligible, the property must meet one of these criteria:
Tract Income Level - "Low" or "Moderate"
Tract Minority % - greater than 50%
For each eligibility criteria, the qualified buyer will also be automatically eligible for a .125% interest rate discount. If both qualifying factors are true (i.e. low or moderate income AND greater than 50% minority), then the buyer will get a full .25% (quarter point) discounted off their interest rate at no cost to them.
Either exclusive program can be combined with Arbor's unique $0 Down Conventional Loan Program with No Mortgage Insurance! This 100% financing loan program is similar to down payment assistance programs... but better!
Contact me to learn more and see if you qualify!
Jason Barlow, MS, MBA - NMLS 1368625
Mortgage Broker with Arbor Financial Group
Mobile: 760-566-8829
Email: [email protected]
Eligible Counties:
Homes for Sale in Los Angeles County
Eligible Properties in Orange County
Homes Available in Riverside County
Listings Eligible for Savings in San Bernardino County
Homes in San Diego County
New Homes in Ventura County
Real Estate in Contra Costa County
Napa County is Eligible
Homes in Placer County
Grant-eligible Homes for Sale in Sacramento County
Down Payment Assistance in San Francisco County
Real Estate for Sale in San Mateo County
Best Realtors in Santa Clara County