Grants for First Time Home Buyers
If saving to buy your first home be sure to look into grants for first time home buyers. One of the largest hurdles for first time buyers is raising money for the down payment. Even with an FHA loan, when adding up all the costs, we're still talking a good chunk of change. If you're interested in applying for a grant it's important to know, most grants are only available for a limited time or until all grants are awarded. When it's time to buy your home you may need to do a bit of research first. Of course, we are more than happy to assist our buyer clients should they desire to apply for any available grants. While saving for a down payment and searching homes for sale, don't forget about the possibility of applying for a grant.
Learn about 1st Time Homebuyer Grants
Depending on where the home is located, there are assistance programs available for 1st time homebuyers. Some can be found in the form of private grants, but these grants are often limited to buying homes in specific areas. Also, most grants are not usually for huge amounts, but when scraping together enough for a down payment on a first home, every little bit helps.
Buying a house on condo for the first time is fun and exciting, but there's much to learn. We can save you a good deal of research time by taking a look at our advice for buying a first home.
Grants Available in 2020
Southland Regional Association of Realtors® together with the California Association of Realtors® Housing Affordability Fund
Provides $2,000 grants to qualified first-time home buyers for down payment assistance/closing costs.
We really like this grant! You must buy your home through a licensed Realtor®, like us, and the money awarded will go into escrow towards your down payment and/or closing costs. Being awarded this grant will provide assistance to buyers when they need it most, and gives them a bit of financial help when buying a first home.
Call or text Matt & Meray for more information at 661-713-4799.
Requirements for Grant Applicants
- Escrow must have opened on or after 3/1/20
- The home must be owner occupied
- Home must be located in Santa Clarita or San Fernando Valleys.
- Must use a REALTOR®
- Applicant income MUST NOT exceed certain income limits. Contact us for amounts.
- Checks payable to the Escrow Company
- Must attend First-Time Homebuyer Course
- Limited Grants Available - First Come First Serve
There are a limited number of grants available and will be distributed to those who qualify on a first come first serve basis. The grant program will last one year beginning 3/1/20 or until all grants have been awarded. Not ALL lenders or loan programs accept grant funds so please check with your lender to confirm.
Applying for the grant does not necessarily mean you will receive a grant, but this one doesn't look too difficult! As you'll see by reading down below, we've helped our clients receive grants in the past and we're happy to help you too.
Contact First Time Buyer Experts, Matt & Meray Gregory to find out more! We'll represent you to buy your first home, help you with the application form and additional details. 661-713-4799.
Ask Your Real Estate Agent
If you are currently saving for a home in Santa Clarita, we suggest asking your Santa Clarita realtor about looking into private grants for first time home buyers in Santa Clarita. Below, see an example of how we helped our friend receive a generous $1000 grant from the Alison Lewin Fund.
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How we Obtained a Grant for Our First Time Homebuyer
A few years back we were thrilled to have announced, with the help of a $1000 grant from the Alison Lewin First-Time Homebuyers Fund, our friend and client Nick Mercado purchased his very first home!
We have represented many first time home buyers over the years, but receiving this grant made this transaction memorable, and so very special. This was the first time one of our first time home buyers received a $1000 grant from the Alison Lewin First-Time Homebuyers Fund!
In fact, our client was so grateful to receive the grant because it really helped make the transaction possible. On behalf of our client Nick Mercado we wish to extend a warm and heartfelt THANK YOU! Thank you to Alison's family, friends and those donating to make this fund possible!
History of the Allison Lewin Grant
The Alison Lewin Fund, created in memory of a well loved and respected Santa Clarita Realtor named Alison Lewin. The fund was created in order to provide $1,000 grants to people who purchase their first home in the Santa Clarita Valley area of California. The mission of the Fund is to continue the work of Alison Lewin to assist good people to achieve the American Dream of homeownership.
Inspirational to All
As local realtors, we are amazed to see the impact this warm and loving fellow Realtor left behind. It is truly inspiring to see people cared so much about Alison Lewin to establish this fund after her passing. This fund continued her work of helping others achieve their dreams of homeownership.
We only hope we can live our own lives even half as well as Alison did and we hope to leave behind similar memories when we're gone.
Find Out More or Donate to the Alison Lewin Grant
Unfortunately, this grant does not seem to be available any longer. However, we've provided links below so you check back in the future to see if any grants become available. Keep in mind, there may be other grants available and are normally for a limited time. When working with our first time buyer clients, we make every effort to find grants available to help these buyers achieve their goal of homeownership. Call or text Matt & Meray at 661-713-4799.
We hope you found this post as inspiring and refreshing as we did while writing it. Grants for First First Time Homebuyers