Neighborhood Housing Services of the Inland Empire (NHSIE) – CalHOME Mortgage Assistance Program

by PorchLightScott on May 4, 2008

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?

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

Neighborhood Housing Services of the Inland Empire (NHSIE) - CalHOME Mortgage Assistance Program

Program Highlights

County:

San Bernardino & Riverside Counties

Agency:

NHSIE

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:

Down Payment Assistance Loan

Maximum Purchase Price:

85% of Area Median Sales Price

Maximum Purchase Price:

Can not exceed Area Median Sales Price

Income Restrictions:

Yes

Requires Repayment:

Yes

Buyer Contribution:

Buyer must contribute to closing costs

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 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

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

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • LinkedIn
  • Pownce
  • StumbleUpon
  • Technorati
  • TwitThis
  • E-mail this story to a friend!
  • Live
  • Print this article!
  • YahooMyWeb
  • Yigg

Leave a Comment

Previous post: Neighborhood Housing Services of the Inland Empire (NHSIE) – NeighborWorks City of Rancho Cucamonga Down Payment Assistance Program

Next post: City of Downey First Time Home Buyer Program – Housing Assistance Program (HAP)