Program Highlights
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County: |
Orange |
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Agency: |
Federal HOME Down Payment Assistance |
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Web-Site: |
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Contact e-Mail: |
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Contact Us: |
(866) 667-6724 |
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How to Qualify: |
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Eligible Homes for Sale: |
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Program Description: |
Second Mortgage Assistance Program |
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Maximum Loan Amount: |
$280,749 |
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Income Restrictions: |
Yes |
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Requires Repayment: |
Yes |
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Requires Matching Funds: |
No |
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Eligible 1st Loan Terms: |
Fixed Rate / Fully Amortized |
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Eligible 1st Loan Types: |
FNMA, FHLMC, CalHFA, FHA |
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Ineligible 1st Loan Types: |
N/A |
Program Summary
Federally funded payment assistance program
Program Details
Eligible Buyers: Assistance offered to households who do not currently own a home
Purchase Price Limits: $280,749
Down Payment Assistance: Up to $50,000
Interest Rate: 3% simple interest
Income Limits: 80% of Area Median Income
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Household Size |
Income |
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1 |
$39,500 or less |
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2 |
$45,200 |
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3 |
$50,850 |
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4 |
$56,500 |
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5 |
$61,000 |
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6 |
$65,550 |
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7 |
$70,050 |
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8 |
$74,600 |
Payments: No monthly payments due. Loan due when 1st mortgage is refinanced or home is sold.
Occupancy: Home must always remain owner occupied.
Contribute Home Buyer Comments: Please keep this site up to date and relevant by making comments if you have used this program or are in the process of using it now. By sharing this information it helps all Home Buyers stay informed and up to day.
Categories:
Tags: anahiem, down payment assistance, first time home buyers, Orange County
