Program Summary
First Time Home Buyer Down Payment Assistance is available for First Time Home Buyers within the city limits of Rancho Cucamonga.
Program Details
Eligible Buyers: First Time Home Buyers – Can not have owned a home in past 3 years
Maximum Assistance: Up to $80,000
Income Limits: 90% of Area Median Income – Income Limits Here
Payments/Recapture: Silent Second no monthly payments.
Equity Share Component: If factors are triggered, family pays $80,000 plus the following: 15% of the equity if rent/sell/refinance with cash out prior to 30th anniversary. 10% of the equity of rent/sell/refinance with cash out between 30th and 45th anniversary.
Eligible Properties: Family must purchase an existing single family detached home. Condominiums & town homes are permitted.
Eligible Cities/Areas: City limits of Rancho Cucamonga
Related posts:
- Neighborhood Housing Services of the Inland Empire (NHSIE) – NeighborWorks City of Highland First Time Home Buyer Assistance Program
- Neighborhood Housing Services of the Inland Empire (NHSIE) – NeighborWorks City of San Bernardino Buyer Assistance Program (HAP)
- Neighborhood Housing Services of the Inland Empire (NHSIE) – CalHOME Mortgage Assistance Program
