Here is Your Chance to Buy a Home in San Mateo County and Stop Commuting
If you are a first-time or a “move-closer” home buyer seeking to live in San Mateo County, here is a first time San Mateo County home buyer loan program to consider. By the way – a “move-closer” buyer is someone who lives in another city, such as Tracy or Stockton, and wants to move closer to their job in San Mateo County. With San Mateo mortgage interest rates and San Mateo home prices more affordable levels than at any time in the past two decades, now is your chance to stop commuting.
Homebuyer Assitance Program for San Mateo County Home Buyers
The HEART of San Mateo County, a Housing Endowment and Regional Trust, have introduced the “Opening Doors in Our Community” loan program. HEART has redesigned their secure, reasonable homebuyer assistance program for today’s economy to assist qualified, moderate-income families buy a first home or move closer to work in San Mateo County.
Basic Requirements for the HEART of San Mateo County Loan Program
The goal of the program is basically to help more people buy in San Mateo County with as little as 5% down payment. Here is a summary of the basic eligibility requirements:
- Maximum household income of $150,000
- Maximum home purchase price of $521,250
- Minimum down payment of 5% of the purchase price
- Work in San Mateo County or live in a HEART member city
- Be a first-time home buyer or “move-closer” buyer
- FICO score of 680 or better
You’re Seeing the Best Home Buying Opportunity Since the 1980s
This is a great opportunity to capitalize on the best home buying opportunity we have seen since the 1980’s. San Mateo homes are more affordable and San Mateo mortgage interest rates are at historic lows, but history tells us this opportunity will not last. Real estate is cyclical and experts speculate that San Mateo County home values may have bottomed out and values are trending upwards.
Ready to Become a San Mateo Home Owner?
If you want to take advantage of this unique point in the market cycle and own a home in San Mateo County, give us a call at (650) 655-2500 or send us an email info@LivingWellinSanMateo.com to schedule a no obligation consultation. We’ll help you lay out a game plan to buy right.
But, before you do, check out our Buyer Representation page which gives you a little bit of insight as to who we are and what we believe about representing San Mateo County home buyers.
Search for San Mateo County Homes and Condos Priced Below $521,250
Click on the map below to seach for San Mateo County homes and condos priced below $521,250.
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Raymond Stoklosa, Chela Stoklosa and Rebecca Williamson are Realtors with The RayChel Realty Group specializing in Santa Clara and San Mateo Real Estate.
Raymond Stoklosa, Broker/Co-Owner
Chela Stoklosa, Realtor/Co-Owner
