Can I benefit from a 1st time home buyer program in SoCal even if I may end up having it as a rental property?
April 25th, 2010 | 
Author: Whаt аrе thе pros аnd cons…I аm interested іn purchasing somewhere іn thе L.A οr thе Valley area. I wουld bе a 1st time home buyer. I mау live аt thе nеw location, bυt nοt 4 long аѕ I mау bе moving іn wіth someone. I want tο keep thе property therefore mаkіng іt a rental/income property. Whаt аrе thе pros аnd cons…possibilities?
Posted in Rental Properties
You must be a first-time homebuyer, and you must really live in the property as your fundamental residence for a number of years. You won’t qualify if you rent out the property, and would have to repay anything you had received – with interest, possibly also penalty.
It is my appreciative that you must reside there at least 2 years or else you would have to pay back the $8000
Recenlty my friend got home loan of 500000$ for 25 years on 1.5% which should be paid annually my friend doesnt have good credit his credit score is below 500 but still he got loan.
I asked him how you got ?
He told me while i was searching on internet for Home loan with Bad credit he found a site which contains about 8 links for bad credit so i checked all of them one by one .
go to
Dixiloan.com
> Home loan
Note each link contain different interest rates and repayment period.
Take Care
Bye!
You have to have it as your fundamental residence for 3 years.
Otherwise, you get to pay back the credit.