City of Anaheim - Second Mortgage Assistance Program (SMAP)

May
03
2008

City of Anaheim - Second Mortgage Assistance Program (SMAP)

Program Highlights

County:	Orange
Agency:	Anaheim Redevelopement Agency
Web-Site:	Link to Agency Website
Contact e-Mail:	Request More Information
Contact Us:	(866) 667-6724
How to Qualify:	Inquire Here
Eligible Homes for Sale:	Search using Listingbook

Program Description:	Second Mortgage Assistance Program
Maximum Purchase Price:	None
Income Restrictions:	Yes
Requires Repayment:	Yes
Requires Matching Funds:	No
Eligible 1st Loan Terms:	Fixed Rate / Fully Amortized
Eligible 1st Loan Types:	FNMA, FHLMC, CalHFA, FHA
Ineligible 1st Loan Types:	N/A

Program Summary

Anaheim offers a variety of housing options for its citizens ranging from affordable to executive. Anaheim also offers the unique opportunity to live among history by purchasing one of our historical homes.

Program Details

Eligible Buyers: First Time Home Buyers - Can not have owned a home in past 3 years or a displaced homemaker or single parent.

Maximum Assistance: Up to $35,000 or 20% of the purchase price.

Interest Rate: 5% Interest

Income Limits: Not to exceed 120% of Area Median Income

Payments/Recapture: Silent Second no monthly payments. Loan is due in 30 years or sooner if property is sold or transferred

Eligible Properties: Family must purchase an existing single family detached home. Condominiums & town homes are permitted.

Eligible Cities/Areas: City of Anaheim

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.

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