Have you been thinking about moving to the West Coast? Perhaps you’re already a young Cali native and want to move out on your own? Whatever your journey may be, all roads lead to buying a house in Long Beach. Luckily for you, getting a home in LB is easier and more cost-effective than ever. This great city is supporting first homebuyers with a bunch of new initiatives to help first-time homebuyers ease into the Long Beach life.
California Housing Finance Agency (CalHFA)
The California Housing Finance Agency (CalHFA) has several specialized loan programs. Each one is designed to help those with low to moderate-income levels secure affordable and comfortable housing.
CalHFA is not a state-run program. They rely on the income of mortgages. Therefore, it’s in their best interest to help you find a home. That’s why they work hard to help you find a house that’s within your means, but also to your liking.
Housing and Urban Development (HUD)
Housing and Urban Development (HUD) is a United States-funded government agency. They offer several resources that may be helpful for first-time buyers, including real estate brokers and fair-housing issues.
Affordable Housing Clearinghouse (AHC)
These resources are made available, thanks to HUD. This department offers classes to first-time homebuyers in Long Beach. These classes cover a lot of issues that come with being a homeowner that people wish they knew in retrospect.
AHC offers education in:
- Pre-Purchase Education
- Homebuyer Knowledge
- Post-Purchase Issues
- How to Prevent Foreclosure
This step-by-step process will paint the big picture for a potential homebuyer. It will help them see challenges they didn’t anticipate, allowing them to be better prepared for the future.
Home Preservation & Prevention (HPP) CARES
Home Preservation & Prevention (HPP) CARES is another derivative of HUD. However, these resources are far more localized. HPP CARES is based out of Long Beach.
They are a Long Beach housing counseling agency that specializes in concerns centered around first-time home buying in southern California.
Their programs are based around:
- Preventing Foreclosure
- Sound Use of Credit
- Effective Debt Management
HPP CARES likes to set Long Beach residents up for success. Learn more about these opportunities by checking out HPP CARES.
Neighborhood LIFT Home Buyers Program
The Neighborhood LIFT Home Buyers Program might be the best opportunity for those looking to buy a Long Beach home. This initiative may offer up to $25,000 in grants to potential Long Beach homebuyers. They’ve worked with the Los Angeles community for over 30 years and it’s their mission to see families in the Long Beach community thrive.
On top of lending, they offer education in:
- Home Rehabs
- Foreclosure Prevention
- Homeowners Counseling
This is one of the more personal programs out of the bunch. So, if you are a California resident and want to buy a house in Long Beach, it’s worth checking out at the Neighborhood LIFT Home Buyers Program.