Not sure where to start? Take a moment to view this informative YouTube video that explains the process for applying for and qualifying for down payment assistance – Click Here to View this Video
Need Help Finding Down Payment Assistance?
Education is our passion – You can arm yourself against deceptive and unethical “Real Estate Professionals” by educating yourself about the home buying process.
These informative and convenient on-line classes will empower you with the ability to make educated financial decisions about choosing a lender, real estate agent, loan program and understanding everything that happens during the home buying process. Bookmark this page and check back often for new dates, times and classes.
Schedule of Homebuyer Education Classes – Click Here
PROGRAM HIGHLIGHTS
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County: |
Orange |
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Agency: |
Neighborhood Housing Services of Orange County |
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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 Grant |
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Maximum Purchase Price: |
$417,000 |
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Income Restrictions: |
Yes |
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Requires Repayment: |
After 5 years total amount of grant is forgiven |
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Buyer Contribution: |
Borrower must contribute at least 1% of purchase price from his/her own resources |
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Eligible 1st Loan Terms: |
30 Year Fixed Rate |
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Eligible 1st Loan Types: |
FNMA, FMHLC, CalHFA, FHA, VA |
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Ineligible 1st Loan Types: |
Interest Only / ARMs |
PROGRAM SUMMARY
The Workforce Initiative Subsidy for Homeownership (WISH) Program provides grants to qualified homebuyers. The program is designed to help people living in high-cost areas to purchase homes near their work.
PROGRAM DETAILS
Income Restrictions: Family must meet Orange County income limits (80% of Countywide Median):
INCOME GUIDELINES
Family size Maximum Income
1 $44,072
2 $50,368
3 $56,664
4 $62,960
5 $67,997
6 $73,034
7 $78,070
8 $83,107
Eligible Properties: Single-family detached homes, condominiums, and town homes are eligible
Eligible Cities/Areas: Family must purchase in Orange County
Program Flyer: WISH Down Payment Assistance Grant - PDF
If you have questions about this or any other down payment assistance programs that may be available in your area call us at 1-866-667-6724 or Click Here if you would like us to research programs you may qualify for.
For a complete list of upcoming no-cost on-line home buyer classes, follow this link – Upcoming First Time Homebuyer Classes
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