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After last year’s budget of $300 million in down payment assistance was devoured in 11 days, California has relaunched its program with stricter guidelines to target a niche group of first-time ...
Nov. 17—Congressman Doug LaMalfa, R-Richvale, announced on Friday that $750,000 in down payment assistance grants for "middle-income" homebuyers are now available to residents in the Yuba-Sutter ...
Down Payment Resource: Down Payment Resource, a private company, provides various resources for homebuyers, real estate agents and lenders, including an eligibility and assistance lookup tool. FAQ
A California lawmaker is leading the charge to make undocumented residents eligible for a popular state-backed home loan program, weeks before it gives out another $250 million in down payment ...
However, providing down payment assistance to income-eligible buyers has always been an eligible use of HOME funds, so many of the state and local governments that receive HOME funds, called "participating jurisdictions" or "PJs," continue to operate down payment assistance programs locally. Due to the block grant nature of HOME, local programs ...
Home purchase or rehabilitation financing assistance – In this type of activity, the HOME program may provide a down payment for the purchase of a housing unit to a financial institution, thereby reducing the monthly mortgage payment of the loan balance for a low-income family that otherwise could not afford the monthly payment. The down ...
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