3 Reasons Not To Use The San Diego Housing Commission in 2021
(Please note: Below is a (not so great) word for word transcription)
It's Scott Taylor, with sandiegorealestatehunter.com.
Licensed in this in state of California, for both real estate and mortgages, with an emphasis on San Diego.
Now, you’re watching this in San Diego and things are expensive. You’re seeing condos, townhomes, homes; very expensive in San Diego.
Let's be honest, the average median income of a family of four is something around seven, nine thousand dollars per year.
You go online, you search things like first time home buyer or down payment assistance or closing cost assistance, you come to websites like, the San Diego Housing commission or my website, sandiegorealestatehunter.com.
And you’re reading all these articles and you're wondering, “what I do?” and you start reading the San Diego Housing Commission one.
And you’re like, “well, my income is over that, but maybe I'm not a first time home buyer, maybe I don't want to live in those zip codes.”
So, I wanted to create a video.
Three reasons why you should not use the San Diego Housing commission.
That's what I said,
Three reasons why you should not use them.
Watch until the end and I'll tie it all together.
Number (1) If you gone to the website or seen the program or my website, we lay out the program.
The average medium income for a family of four, is something around seven, nine thousand dollars per year.
Now, you can go up to about eighty percent of that, which is about seventy two thousand dollars per year.
So, number (1),
If you make over that, the program is out.
Number (2) Even if you're in that money category, that's about six thousand a month that you can prove.
If we can go to forty five or fifty percent debt income ratio, twenty five hundred or three thousand dollars per month, if we look at your credit report and we add up all your debts and your future house payment,
You might not be able to buy anything in San Diego anyways, which leads me to number two.
Its zip code specific, it says it on their website, the zip codes that you could live in.
So, what [inaudible 00:02:15],
what if you don't want to live in those zip code, right?
What if you want to live where ever you want to live?
You don’t want to be steered in any direction of where you should have to live, right?
You should choose where you want to live, which brings me to number three.
What if your income is over that?
What if you want to live outside those zip codes?
I'll tell you, there's state of the California programs, where you can live anywhere in the state, but since this is for San Diego; anywhere in San Diego that you want, they are not zip code specific, number (1).
Number (3), if you make over that amount, you can make up to a hundred and fifty eight thousand dollars per year or less.
That’s like thirteen thousand, two hundred dollars per month, that we can prove over two or three years.
That's a lot more income, that's over double the San Diego Housing commission, number one and you can live anywhere in San Diego, number two.
And there are also programs like the platinum program, where you don’t have to be a first time homebuyer.
You can actually sell your house and use the program to buy again when you're not a first time homebuyer.
So, you're listening to this, you're watching this.
Go to my website: sandiegorealestatehunter.co.
If you like what you hear, over 500 articles written about down payment assistance, closing cost assistance, first time home buyer, move up home buyers.
There's educational videos like this, non- pitchy, that talked about this stuff. There's no suit, no fancy screen, there's no studio; we don't need that stuff.
We have real honest conversations or better yet, if you want to get started,
Go to scottsloanapp.com.
In twenty minutes or less, from your phone, smart device or computer, you can fill out the online application.
From there, I get a text alert, I'm going to call you up and pull your credit.
I'm going to talk to you about your application, about your credit report and your credit score to make sure things are accurate and that we can move forward.
From there, I'll give you a list of supporting documents, things that you already know that you need; a driver's license, social security card, last two or three years tax returns and W2s, last two months bank statements, all pages, last four months of paychecks, if you have any statements for 401K or IRA or stocks or bonds to pay when your credit says.
You might need things like, short sale, foreclosure, Chapter seven, Chapter thirteen etc., etc.
I want to say this.
This is not a video to knock the San Diego Housing Commission, this is to let you know, if you don't fit into that criteria there's other options.
If your income is higher, if you want to live outside of those zip codes, go to sandiegorealestatehunter.com and get started.
Leave me a comment below – or, contact me here.
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