City of Anaheim – HOME Federal Down Payment Assistance Program

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?

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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.

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City of Anaheim - HOME Federal Down Payment Assistance Program

Program Highlights

County:	Orange
Agency:	Federal HOME Down Payment Assistance
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 Loan Amount:	$280,749
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

Federally funded payment assistance program

Program Details

Eligible Buyers: Assistance offered to households who do not currently own a home

Purchase Price Limits: $280,749

Down Payment Assistance: Up to $50,000

Interest Rate: 3% simple interest

Income Limits: 80% of Area Median Income

Household Size	Income
1	$39,500 or less
2	$45,200
3	$50,850
4	$56,500
5	$61,000
6	$65,550
7	$70,050
8	$74,600

Payments: No monthly payments due. Loan due when 1st mortgage is refinanced or home is sold.

Occupancy: Home must always remain owner occupied.

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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