Now is a great time to buy–especially for well-qualified first-time homebuyers in the City of Escondido. The interest rates are low, the prices are low, and there is tons and tons of inventory!
The City of Escondido makes it even easier to buy with their first-time homebuyer’s program.
Check this out: Eligible home buyers can qualify for a low-interest loan limited to 5% of the purchase price or a maximum of $25,000 that can be used toward to down payment and/or closing costs.
Repayment of the City’s loan is deferred until you sell, transfer, refinance, or no longer live on the property as your principal residence. This money can be used for your down payment or for your closing costs. How great is that?
Right now, with property values still at an all time low, often times mortgage payments can be equal to the amount of a rental. So, if you are considering homeownership and you would like more information about this fine program or properties available for sale in the City of Escondido, please feel free to contact the agents at Broadpoint Properties.
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