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.
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