Santa Cruz County Home & Community Information

BUYING A HOME OR CONDO FOR YOUR UCSC STUDENT - Santa Cruz

The University of California at Santa Cruz is a great school with a beautiful campus and attracts many students.  Housing in Santa Cruz is limited, especially on the Westside of Santa Cruz where UCSC is located.  Finding a quality rental at a good price is a challenge.  Because of this some parents of UCSC students elect to purchase a home or condo for their student during their attendance at UCSC. 

I have helped several families of UCSC students purchase homes and condos in Santa Cruz.  During this time when house prices in Santa Cruz have dropped significantly and interest rates are low buying a home for your UCSC student can be a great investment.

There is a new loan program that will make buying a home or condo for your UCSC student even easier.   FHA has a loan program allows a Parent to help their UCSC or Cabrillo student purchase a home or condo near the school they are attending.  Here is how it works:

*The student that will be living in the property does not need to show income, just provide proof that they are enrolled in college

*Parents can qualify for the loan on their own

*Downpayments as low as 3.5% !!

*Up to $729k loan amount

*640 minimum credit score

*30 year fixed loan

These FHA loans will work for homes or Condos that are FHA approved (Contact me for a list of FHA approved condos in Santa Cruz, there are some new ones)

When you buy a home or condo for your UCSC student you guarantee they will have a stable, nice place to live during their studies and a good environment for them to concentrate and be productive.  You might also be able to make a little money while you are at it!

Contact me at 831.419.9345 for more information about homes and condos for sale near UCSC and Cabrillo and how to buy your UCSC student a home, I am happy to help!