Programs and Information
Don’t miss out on financial assistance that you might qualify for! The City of San Marcos has approved additional funding for down payment assistance and home rehabilitation loans. There are programs in different cities around the county, but they come in bunches…so it is important to make the most of the opportunity when it is here.
Down Payment Assistance Program
- First-time Homebuyers (applicants cannot have owned a home in the last 3 years), displaced homemakers and single parents
- Fills in gap between the first loan and the remainder of the balance (down payment)
- Deferred payment loan: pay upon sale or 30 years time
- Must be using a fixed rate 30-year loan for the first loan (someone with an 80% first loan, and 20% second loan)
- Home must be principal residence
- Purchase price up to $451,250
- Plenty of other details apply: check out the link at http://www.ci.san-marcos.ca.us/index.aspx?page=67 or call us at 760-758-1211
Home Rehabilitation Loan Program:
- Loans at 3% (SFR) or 0% for manufactured homes
- To Fix unsafe conditions in the home (see website for details on what might qualify…an example is lead-based paint)
- $50,000 loan for Single Family Homes
- $25,000 loan for Manufactured homes
Homes in San Marcos for Sale under $455,000[idx-listings city=”San Marcos” maxprice=”455000″ statuses=”1″ propertytypes=”336,337,338″ orderby=”DateAdded” orderdir=”DESC” count=”5″ showlargerphotos=”true”]
