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.
Related posts:
