Neighborhood Housing Services of the Inland Empire (NHSIE) – NeighborWorks City of Highland First Time Home Buyer 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) - NeighborWorks City of Rancho Cucamonga Down Payment Assistance Program

Program Highlights

County:

San Bernardino

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:

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

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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