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Buying or Selling a Home/Down Payment Assistance Programs
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Question
I know someone who is in the process of buying a home. They are getting a FHA loan. They need down payment assistance. Do you know of any agencies or private organizations that can assist?
You should look for a family member to give the needed assistance. There are no outside groups - to my knowledge - that can be acceptable or are allowed. Check with FHA to get further input. Sorry, but because of the minimum (3 1/2 percent) down payment required, the FHA wants the borrower to be invested in the property.
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Karyn Foley
Expertise
I can answer questions on picking the right agent, marketing properties, contracts, ethics, buyers and sellers responsibilities and fiduciary relationships. I prefer not to answer questions relating to real estate financing.
Experience
I have over 29 years of full time real estate experience in the Southern California area as realtor, assistant manager, education director, and broker. Consistant top producer.
Organizations
Southland Regional Association of Realtors, California Association of Realtors, Calabasas Chamber of Commerce.
Publications
Las Virgenes Enterprise, Calabasas Courier.
Education/Credentials
Bachelor of Science degree, UCLA, licensed real estate broker, graduate realtors institute designation.
Awards and Honors
Trophies and certificates of achievement for real estate production. Training Director, Instructor for the local Board of Realtors, Member of local Board's Grievance Committee. Chamber of Commerce Community Service Award, one of the founders of the City of Calabasas, elected to the first Calabasas City Council, first woman mayor of Calabasas, former Regional Representative to Southern California Association of Governments.
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