Updated 2/11/2010- I just called today, funding is currently available.
First Time Home Buyers Program
The First Time Home Buyers Program assists Low to Moderate income-qualified households to purchase a home within the City of Carson.
Participants’ Eligibility
1. Applicant must not exceed the state income limits for moderate income households
2. Must not have owned a home in the past three years
3. Home must be primary residence
4. Must contribute 3% of the purchase price and up to 3% of the closing costs. Fico Score Requirement 620 Minimum.
Type of Eligibility Property
Single-family properties
Condominium
Town homes
No Sales Price Limit
Type of Assistance
Maximum assistance of $150,000
Payment is deferred for the first 10 years
Deferred loan with 0% for the first 10 years (Payments are amortized from the 11th year through the 35th year at 5% interest)
Loan is secured by a Second Deed of Trust
Loan is payable upon sale, transfer or default
Click here for complete guidelines and application ( PDF format, 22 pages )
For more information or further assistance, please call Debra Scott (310) 233-4864
To view the City of Carson’s website, please CLICK HERE
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