Finance Articles

Mortgage Company Launches Specialized Department to Assist First Time Home Buyers Purchase California Real Estate

(PRWEB) May 25, 2007 -- T.N.T. Lending Inc., based in Rancho Cucamonga, California, announces the launch of a specialized department that is dedicated to helping first time home buyers and low income families to purchase California real estate with programs that include downpayment assistance of home down payment grants.

"More and more Cities are offering downpayment assistance or home down payment grant programs to low income families and first time home buyers of California real estate. Those that have not owned real estate in the past three years," states Jay Yerman, Management Spokesman for T.N.T. Lending Inc.

T.N.T. Lending Inc. based in Rancho Cucamonga California, offers a full range of mortgage services including first time home buyer programs offering downpayment assistance, home down payment grants and refinancing in California.

"California low income families and renters tend to believe that home ownership is a distant dream and therefore they do not pursue the opportunities available to them. Therefore we have launched our Downpayment Assistance Department that will cater directly to the needs of these individuals."

"Many are unaware that the Government has programs specifically designed to help California low income families and first time home buyers acquire real estate which in turn stimulates the overall economy. "

"The Downpayment Assistance Department is in position to advise families about programs are available in the various cities."

"One of the biggest hurdles for low income families and renters is the downpayment. As they don't have the downpayment they think that they do not qualify for a home loan. This leaves them resigned to renting, sometimes forever."

More and more California cities are offering downpayment assistance and home down payment grant programs for low income families. This assistance and grants eliminates the down payment obstacle allowing low income families and renters to purchase real estate.

Downpayment assistance and home down payment grant program guidelines vary from City to City and applications must be submitted to the City generally through a City approved lender such as T.N.T. Lending Inc.

"We are continually hearing from low income families that are simply frustrated with paying rent for years and feel that they just putting money in other people's pocket. They are simply amazed to hear about these programs that are designed for first time home buyers become of California real estate, "concludes Yerman.

For more information on California real estate loans for low income families with down payment or a home down payment grant please call T.N.T. Lending Inc at 866 398 4664 or go to http://www.goldmedalmortgage.com/Downpayment_Assistance

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