California Down Payment Assistance

PROGRAM HIGHLIGHTS

 

County:	Orange
Agency:	Neighborhood Housing Services of Orange County
Web-Site:	Link to Agency Website
Contact e-Mail:	Email for more information
Contact Us:	(866) 667-6724
How to Qualify:	Inquire Here
Eligible Homes for Sale:	Search using Listingbook
Program Description:	Down Payment Assistance Grant
Maximum Purchase Price:	$417,000
Income Restrictions:	Yes
Requires Repayment:	After 5 years total amount of grant is forgiven
Buyer Contribution:	Borrower must contribute at least 1% of purchase price from his/her own resources
Eligible 1st Loan Terms:	30 Year Fixed Rate
Eligible 1st Loan Types:	FNMA, FMHLC, CalHFA, FHA, VA
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