Down Payment Assistance
With my apartment lease coming up soon I would like to buy a house. However, with the way housing prices are currently, finding enough money for a down payment has proven to be somewhat of a hurdle. I was wondering if anyone had suggestions that would relate to down payment assistance. From what I can see, using a loan to cover the cost of the down payment can be not the best idea.
I have also been informed about a new California program where CALHFA will give a buyer 10% of the sales price, that can be used for a down payment. If light could be shed on this topic it would be greatly appreciated.