San Diego Down Payment Assistance Programs
While the Federal First Time Home Buyer Tax Credit is gone, and California's Franchise Tax Board is no longer accepting applications for the state's First Time Home Buyer Tax Credit, first time home buyers DO have some options that can get them into a new home in San Diego and Riverside Counties.
The solution may be one of the San Diego Down Payment Assistance Programs
or the Riverside Down Payment Assistance Program
Craig Griffin at Guild Mortgage is THE person to talk to about these Down Payment Assistant Programs if you are buying in San Diego or in Riverside County. He focuses on these programs (but does all other loan programs as well) and Craig Griffin and Guild Mortgage have gotten a terrific reputation for their success with down payment assistance programs in many San Diego communities (some lenders are choosing to NOT work with these programs).
Griffin and Guild Mortgage know the people involved in the different communities and their particular requirements and quirks, so they know what to do and how to get it done as quickly as possible.
Given that buyers could get as much as $70K in down payment assistance, depending on the program, using a San Diego Down Payment Assistance Program makes a lot of sense if you qualify for a loan. I just went to his training today and came away very excited about the financial opportunities for many San Diego buyers.
The cool thing is that these San Diego Down Payment Assistance Programs (DPAs) are silent loans, i.e., no payment until you sell or refinance. Buy a $300,000 home instead of a $240,000 one and have the same payment. Low and moderate income guidelines apply.
I have attached the summary of the programs that Craig provided (with his permission); visit his website for more overall information, San Diego DAN(San Diego Down Payment Assistance Network - you might think of Craig as "San Diego Dan").
Down Payment Assistance Programs Griffin 8.24.10
You can reach Craig at 760-468-9898 (agents, consider contacting Craig to see how he can help YOU and YOUR buyers). Tell him I sent you - he'll appreciate it.
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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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As a first time home buyer in California you know that the Federal First Time Home Buyer tax credit is gone (if you did not get your home under contract before April 30, 2010). You likely also know that California has a first time home buyer tax credit as well. If not, you can read more about the 
You can do this yourself by submitting an application, and it costs you nothing. NOTE - you likely will get one or more solicitations from companies willing to charge you a fw hundred dollars to do this for you; I got one today, in fact, from Property Tax Reassessment in Los Angeles. That's your choice if you want spend your money that way. But it's easy to do -