Buying with "No Money Down"
Having money to put down is a huge deal for many first time home buyers in California. Right out of college, most home buyers don't have a 20% down payment. Good news, there are special programs, and government backed programs that allow you to purchase a home for the first time with no money down. The California home loan for first time home buyers is also a special program that subsidizes the mortgage. You must have decent credit and employment history to buy with 100% financing.
California First Time Home Buyer Programs
There are several programs designed to help the first time condo buyer in California.
How to Find California Condos for Sale online:
There are three main types of condominiums you can find online:
MLS Listings of Condos
For Sale by Owner Listings
Foreclosure Listings
In both Northern and Southern California there are loads of foreclosure condos for sale. Foreclosure Condos can be found in several locations. Preforeclosure Units are best found on sites that specialize in preforeclosures like Foreclosure.com and RealtyTrac.
- Search for California Condo Foreclosures on RealtyTrac
- Search for Condominiums in California on Foreclosure.com.
Most all Foreclosed Condos, HUD Homes, REO's, Bank Owned Homes are acutally found on the MLS. These are easy to find as you can actually sort on the ZIP Realty site by short sales. Foreclosed Houses are also usually the first ones listed when you sort by price. They are usually the cheapest.
Search for Forclosed condos on the MLS in:
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Anaheim MLS
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Bakersfield MLS
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Fresno MLS
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Long Beach MLS
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Oceanside MLS
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Palm Springs area MLS
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Riverside MLS
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San Joaquin County MSL
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Sacramento MLS
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San Bernardino County MLS
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San Francisco Bay Area
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San Jose MLS
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San Mateo County MLS
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Santa Ana MLS
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Santa Clara County MLS
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Santa Cruz MSL
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Solano County - East Bay Area MLS
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Sonoma County - Santa Rosa MSL
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Stanislaus County - Central California
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Ventura MLS