by Scott Schang
February 10, 2010
Updated 2/11/2010- I just called today, funding is currently available.
Down Payment Assistance Program (DPAP)
The DPAP provides down payment assistance up to $60,000 to low-income families purchasing a home within the Modesto city limits.
Price of home cannot exceed $423,750 (based on current FHA mortgage limits).
Applicant must attend home-buying counseling workshop.
Homebuyers must provide a minimum initial investment [...]
Read the full article →
by Scott Schang
August 3, 2009
Mortgage Credit Certificates
The Mortgage Credit Certificate (MCC) Program allows qualified first-time homebuyers to take tax credits on their annual mortgage interest payment as a dollar for dollar tax credit against federal income tax. The Los Angeles County Community Development Commission administers the MCC Program.
While the program does not provide down payment assistance, it provides a [...]
Read the full article →