Program Highlights
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County: |
San Bernardino & Riverside Counties |
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Agency: |
NHSIE |
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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: |
Down Payment Assistance Loan |
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Maximum Purchase Price: |
85% of Area Median Sales Price |
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Maximum Purchase Price: |
Can not exceed Area Median Sales Price |
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Income Restrictions: |
Yes |
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Requires Repayment: |
Yes |
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Buyer Contribution: |
Buyer must contribute to closing costs |
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Eligible 1st Loan Terms: |
30 Year 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
First Time Home Buyer Down Payment Assistance is available for First Time Home Buyers within the Counties of San Bernardino and Riverside
Program Details
Eligible Buyers: First Time Home Buyers - Can not have owned a home in past 3 years
Maximum Assistance: Up to $25,000
Interest Rate: 3% Simple Interest Loan
Income Limits: 80% of Area Median Income - Income Limits Here
Payments/Recapture: Silent Second no monthly payments.
Eligible Properties: Family must purchase an existing single family detached home. Condominiums & town homes are permitted.
Eligible Cities/Areas: Family must purchase in the Counties of San Bernardino or Riverside
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: CalHome, down payment assistance, first time home buyer, Riverside County, San Bernardino County
