Program Highlights
|
County: |
San Bernardino |
|
Agency: |
NHSIE |
|
Web-Site: |
|
|
Contact e-Mail: |
|
|
Contact Us: |
(866) 667-6724 |
|
How to Qualify: |
|
|
Eligible Homes for Sale: |
|
|
|
|
|
Program Description: |
Down Payment Assistance Loan |
|
Maximum Purchase Price: |
Can not exceed Area Median Sales Price |
|
Income Restrictions: |
Yes |
|
Requires Repayment: |
Forgiven after 30 Years |
|
Requires Matching Funds: |
Minimum 3% Buyer Contribution |
|
Eligible 1st Loan Terms: |
30 Year Fixed Rate / Fully Amortized |
|
Eligible 1st Loan Types: |
FNMA, FHLMC, CalHFA, FHA |
|
Ineligible 1st Loan Types: |
N/A |
Program Summary
First Time Home Buyer Down Payment Assistance is available for First Time Home Buyers within the city limits of Highland. Down Payment Assistance is a silent second at 0% interest that is forgiven after 30 years.
Program Details
Eligible Buyers: First Time Home Buyers - Can not have owned a home in past 3 years
Maximum Benefit: 10% of Purchase Price
Interest Rate: 0%
Income Limits: 120% of Area Median Income - Income Limits Here
Payments/Recapture: Family can not rent sell or refinance with cash-out before Tenure of Ownership
Eligible Properties: Family must purchase an existing single family detached home. Mobile homes, condominiums & town homes NOT permitted.
Eligible Cities/Areas: City limits of Highland
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: city of highland, first time home buyer, silent second
