Buying a home is one of life's biggest milestones — a moment filled with excitement and new possibilities. But for many, the biggest hurdle isn’t the dream itself—it’s coming up with the down payment. If that feels overwhelming, you're not alone. That’s why, during National Homeownership Month, Realtors® Scott and Caroline Doan want to spotlight a resource that could make your homeownership journey more achievable: **down payment assistance**.

What Is Down Payment Assistance?

Since 2008, Down Payment Resource (DPR) has been dedicated to helping prospective buyers discover financial aid they might not even know exists. DPR tracks over 2,500 assistance programs nationwide, providing tools that connect you to support, reduce your upfront costs, and make owning a home more affordable.

So, what exactly is DPA?

Down payment assistance programs are designed to help cover upfront costs — usually the down payment, but often they go beyond:

- Closing costs
- Prepaid expenses
- Interest rate buy-downs
- Even your buyer’s agent commission (yes, some programs cover this!)

Many programs also help reduce your monthly mortgage payments and decrease the total amount you’ll repay over time, making homeownership more manageable.

Debunking Myths: You Might Qualify More Than You Think

A common misconception is that DPA is only for low-income or first-time buyers. The reality is quite different:

- Income limits are often based on your local area, and many are higher than you expect.
- Your credit score doesn’t need to be perfect—if you’re close to lender requirements, you could qualify.
- Repeat buyers are welcome — nearly 40% of programs are open to those who have owned before.
- Buying unconventional homes? Almost 1,000 programs support manufactured homes, and over 800 cover multifamily properties like duplexes or fourplexes. You can even live in one unit and rent out the others to offset costs.

What Does Help Look Like?

DPA programs aren’t one-size-fits-all, but here are some examples of what you might find:

- Loans: 57% offer second mortgage loans—often at low or no interest.
- Deferred payments: 80% of these loans are deferred until you sell or refinance.
- Forgiveness: 53% of programs forgive portions of the loan over time, rewarding stability.
- Grants: 177 programs provide free money that you never have to pay back.

On average, these programs can reduce your loan-to-value (LTV) ratio by about 6%, easing your path to qualifying for a mortgage and lowering your monthly payments.

Finding Assistance Has Never Been Easier

Since partnering in 2021, over five million home shoppers have used DPR tools via Zillow, and 93% of users found at least one assistance program they may qualify for. That means help is out there, and you might be surprised at how close to your goal you already are.

Your Journey to Homeownership Starts Here

If saving that huge down payment has kept you on the sidelines, let DPR and your local real estate professionals help you turn that dream into reality. Scott and Caroline Doan are here to:

- Help you discover programs you’re eligible for
- Show how assistance can fit into your overall homebuying plan
- Connect you with knowledgeable agents and lenders familiar with DPA

Let’s Make Homeownership Happen

This National Homeownership Month, it’s time to rewrite the story of what it takes to buy a home. Down payment assistance isn’t just a “long shot”—it’s a practical, powerful resource that’s helping countless people across the country take that first step toward homeownership.

Your dream home might be closer than you think.

Ready to get started? Find down payment programs in your area today and see if you qualify. Scott and Caroline Doan are here to guide you every step of the way!  Here is the link to our website to get started. 

Looking to purchase? Reach out today and let’s explore your options together!

Thank you,

Scott and Caroline Doan Realtors®

(951) 541-3498

Realty Executives

28581 Old Town Front St. #100 

Temecula, Ca. 92591

doanhomesale@gmail.com

DRE#02248461

Dear Homeowners and future Homebuyers,

We're pleased to share some important news that could significantly impact your tax strategy and savings in the coming years. A recent change in federal tax law has temporarily increased the SALT (State and Local Tax) deduction cap from $10,000 to $40,000 beginning in 2025. This change offers noteworthy advantages, especially for homeowners in high-tax states.

What Does the New SALT Deduction Mean?

Starting with the 2025 tax year, taxpayers can now claim up to $40,000 in SALT deductions. This is quadruple the previous limit of $10,000, which was in effect from 2018 through 2024. The deduction amount is set to increase slightly each year through 2029, after which it reverts to $10,000 unless Congress acts to extend or preserve the increase. Additionally, there is a phasedown for taxpayers with a modified adjusted gross income over $500,000.

The new law also preserves the mortgage interest deduction at the levels established by the 2017 Tax Cuts and Jobs Act (TCJA), allowing homeowners to continue claiming mortgage interest deductions, which are a significant benefit of homeownership.

Why Is Deductibility of Mortgage Interest and SALT Important?

The ability to deduct mortgage interest and state and local taxes from your federal return has been a cornerstone benefit of homeownership for over a century. Prior to the 2017 law, many homeowners relied heavily on itemized deductions. However, the TCJA limited the SALT deduction to $10,000 while nearly doubling the standard deduction, which led to a sharp decline—from 31% of taxpayers in 2017 to just 9% in 2020—of those itemizing their deductions, according to the Tax Policy Institute.

Higher-tax state homeowners, in particular, were disproportionately affected by the $10,000 cap. This advocacy-led change aims to make homeownership more affordable and attractive, fostering stronger communities and social benefits such as improved educational outcomes, civic engagement, and health.

How Do I Take Advantage of the New SALT Limit?

To benefit from these changes, you'll want to itemize deductions on IRS Form 1040 Schedule A. In addition to SALT, common deductible expenses include:

• Mortgage interest
• Contributions to qualified charitable organizations
• Medical and dental expenses exceeding a certain percentage of your adjusted gross income

The law also restores deductibility of private mortgage insurance (PMI), which is often required for borrowers with less than 20% equity in their homes.

Additional Tips:

• Maintain thorough records and receipts to substantiate your deductions.

Consult with a qualified tax professional to ensure you leverage all available deductions and understand how the phasedown may affect high-income taxpayers.

Final Thoughts

These changes could have a meaningful impact on your tax savings and homeownership affordability. As policies evolve, we do our best to say informed and share the information they may benefit you the most.

When it is time to buyer or sell a home please call us.

Thank you Scott and Caroline Doan Realtors®

(951) 541-3498

Disclaimer:
This newsletter provides general information about recent tax law changes. It is not intended as tax advice. Please seek personalized guidance from a qualified tax professional or financial advisor before making any tax-related decisions.

Open house Sunday July 27th from Noon -4 pm in Bear Creek Golf Club.  Discover the epitome of luxury living at 22910 Banbury Court, nestled in the prestigious Bear Creek community of Murrieta. This exquisite Mediterranean-style estate features 4 spacious bedrooms, 3.5 baths, and over 4,300 sq ft of beautifully designed living space. The home boasts high-end finishes, a chef’s kitchen, and a grand entryway, making it ideal for both entertaining and everyday comfort. Step outside to a resort-style backyard complete with a saltwater pool, spa, and outdoor kitchen, all surrounded by lush landscaping. Enjoy sustainable living with a paid-off solar system and a private casita for guests. Experience a lifestyle enriched by world-class amenities, including golf on a Jack Nicklaus designed course, tennis, and a fitness center. This home is the perfect blend of elegance and convenience, all at a competitive price.

Don't miss your chance to make it yours.

For more details Call or Text

Scott and Caroline Doan Realtors®

951-541-3498

Discover Temecula: More Than Just a Location

Temecula, California, isn't just a spot on the map; it's a thriving community with a unique blend of lifestyles, demographics, and economic factors that make it a compelling place to live and invest. Whether you're considering buying, selling, or simply curious about this Southern California gem, understanding Temecula's dynamics is key.

Key Insights into Temecula's Demographics

• Population & Age: With a total population of 113,013 and a median age of 38.0, Temecula is a vibrant community attracting families and professionals alike.
• Household Income: The median household income is $114,037, indicating a stable economic environment.
• Dominant Lifestyle:  The "Boomburbs" segment dominates Temecula, representing 17.5% of households, followed by "Workday Drive" (30.7%). These segments consist of young professionals with families who prioritize new housing and suburban lifestyles.

Understanding the Lifestyle Segments

• Boomburbs: This is the #1 dominant segment for this area. These residents are typically well-educated young professionals and families that have opted to trade up to newer housing in the suburbs. They enjoy the latest technology, and financial planning is underway for these professionals.
• Workday Drive: As the #2 segment in this area, Workday Drive residents prefer the suburban periphery of metropolitan areas. These residents are well insured and invested in a range of funds, from savings accounts or bonds to stocks.
• Home Improvement: As the #3 segment in this area, these families enjoy working on home improvement projects and watching DIY networks.
• Up and Coming Families:  This is the #4 segment, these new families in new housing subdivisions are working hard to get ahead.
• Savvy Suburbanites: Established neighborhoods are most suitable for savvy suburbanites. Families include empty nesters and empty nester wannabes.

Real Estate Market Snapshot

• Estimated Home Values: The median estimated home value in Temecula is $784,690, reflecting a healthy real estate market.
• Listing Prices: As of the last update, the median listing price stood at $879,990.

Economic Drivers and Employment
The economy of Temecula is diverse, with key sectors providing numerous job opportunities:

• Health Care and Social Assistance: 6,366
• Retail Trade: 5,575
• Education: 5,167

Traffic and Commute
Understanding the commute patterns is essential. Key traffic counts on major streets like I-15 and CA-79 indicate busy corridors:

• I-15 at Date St: 198,564
• I-15: 177,380
• CA79: 173,239

Education Landscape

• Educational Attainment: A significant portion of the population has some college education (22.8%), with a substantial number holding bachelor's (27.5%) and graduate/professional degrees (14.5%).

Conclusion
Temecula offers a blend of suburban charm and economic opportunity. Whether you are looking to buy, sell, or invest, understanding the area's demographics, lifestyle segments, and market trends is crucial. With its growing population, diverse economy, and vibrant community, Temecula presents unique opportunities for residents and investors alike.

Here is the link if you would like to read the complete report

Ready to make your move in Temecula?

Whether you're buying, selling, or just exploring the possibilities, we're here to help.

Contact Scott and Caroline Doan, your trusted Temecula Realtors®,

(951) 541-3498

doanhomesale@gmail.com.

We're located at Realty Executives, 28581 Old Town Front St. #100, Temecula, Ca. 92591, and ready to assist you with all your real estate needs!

Get ready for the ultimate 4th of July celebration in Old Town! Join us on Friday, July 4, 2025, for our spectacular Parade and Fireworks Extravaganza!

Kick off your day at the 4th of July Parade starting at 10am at the intersection of Old Town Front & 2nd Streets. Enjoy vibrant floats, spirited marchers, and lots of patriotic entries! 

Stop by the Realty Executives office to say hello to Scott and Caroline Doan Realtors® !

Address: 28581 Old Town Front St., Temecula, CA 92590

They’ll be handing out American flag pins during the parade.

In the afternoon, head over to Ronald Reagan Sports Park for Family Fun from 2-10pm. Dive into live music, tasty vendors, and a fun zone for the kids! The night will end with a breathtaking fireworks show at 9pm – you won't want to miss it!

Parade Route & Road Closure info click here.

Let’s make this Independence Day unforgettable!