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FIRST TIME BUYER

The First Time Buyer program is designed to help individuals

and families purchase their first home.

This program offers favorable terms, such as lower down

payments and reduced interest

rates/APR, making homeownership more accessible to those who

have not owned a home in the

last three years.

Scenarios and Potential Applicants:

Young professionals or couples looking to transition from renting to owning.
Individuals or families who have been saving for their first home and seek financial assistance to make it more attainable.
People looking for educational resources and guidance through the home buying process.

Requirements:

Must not have owned a home in the last three years.
Meet income, assets and credit score criteria specific to the program.
Two years of employment history
Complete a homebuyer education course (applicable for some programs).
Must occupy the home as a primary residence.

The next step is to reach out to us, allowing a professional
to start your prequalification process

IMPORTANT NOTE: This website is for informational purposes only, is not a loan commitment, while it does provide potential loan programs. If you choose to apply for a mortgage loan, and a bank decides to approve your application, your actual loan terms and closing cost may vary, depending upon many different factors/programs, including the loan product for which you may apply and are approved, and when you are approved. All loans must satisfy underwriting guidelines. Interest rates and APR are subject to change without notice. If you decide to apply for a Mortgage Loan, a loan application is required along with your income and assets and a two-year employment history. This is not an offer for extension of credit or a commitment to lend. Gold Coast Financial Corp. is an Equal Housing Opportunity Mortgage Broker Licensed by the Department of Real Estate under the California Residential Mortgage Lending Act. NMLS 2387878 with its main office located at 7847 Florence Ave., Suite 105, Downey, CA 90240.