Real Estate Agency

Home Buyer Programs

HUD Programs: HUD regulates the two housing government-sponsored enterprises (GSEs), which are the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Company (Freddie Mac), each being chartered by Congress to create a secondary market for residential mortgage loans. These GSEs are the largest source of housing finance in the United States

In October 2000, HUD published a new final rule which significantly increased the percentage of business the GSEs are required to devote to specific affordable housing goals. These goals are:

  • Low-and Moderate-Income Goal: At least 50% of the dwelling units finance by each GSEs mortgage purchase must be for families with incomes no greater than area median income (AMI), defined as median income for the metropolitan area or non metropolitan county. The corresponding goal was 42% for 1997-2000.
  • Special Affordable Goal: At least 20% of the dwelling units financed by each GSEs mortgage purchases must be for very low-income families (those with incomes no greater than 60% of AMI) of for low income families (those with incomes no greater than 80% of AMI) living in low-income areas. The corresponding goal was 14% for 1997-2000
  • More information on Specific Programs offered through HUD

Homebuyer Assistance Programs: Down payment assistance for low to moderate income buyers. No requirement to be a first time home buyer. Thousands of people each year dream of becoming homeowners. Let us help that dream become reality. • Down Payment Assistance (DPA) is sized up to 20% of the First Mortgage. • DPA is available with purchase or refinance of a primary residence. • DPA can be used towards down payment and/or closing costs. • Program is NOT limited to first-time homebuyers. • FHA, VA, USDA and Conventional Mortgage Loan Types available. • Minimum FICO 640. | • Maximum DTI 50%. • Income Limits are higher than one might think (low-to-moderate income).

First Time Home Buyer Program: (Applies to Anyone who has not had home ownership in the last 3 years) Why rent when you can own your home and have pride of ownership: The last couple of years we have seen the rents increasing in all areas of California. In almost all cases, you can purchase the home you want and the monthly payment will be less than rent on a comparable property. Get more information

Lease to Own Programs: The program provides a clear path to home ownership. Our process is easy, transparent, and built on a foundation of choice and flexibility. Home Partners is helping more people get into great homes, in neighborhoods they love, with the opportunity to build a more secure financial future. Get More Information​   

For more information on any of the above programs or any other of our Real Estate Services

Contact Pilar Tobias at or 209-874-6762