Posts tagged as:

first time homebuyers

Neighborhood Housing Services of Orange County (NHSOC) – Orange County Housing Trust Down Payment Assistance Program

PROGRAM SUMMARY
The Workforce Initiative Subsidy for Homeownership (WISH) Program provides grants to qualified homebuyers. The program is designed to help people living in high-cost areas to purchase homes near their work.
PROGRAM DETAILS
Income Restrictions: Family must meet Orange County income limits (80% of Countywide Median):
INCOME GUIDELINES
Family size Maximum Income
1 $44,072
2 $50,368
3 $56,664
4 $62,960
5 $67,997
6 $73,034
7 [...]

0 comments Read the rest of this Article -->

City of Anaheim – HOME Federal Down Payment Assistance Program

by Scott Schang November 10, 2009 Down Payment Help

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 [...]

0 comments Read the rest of this Article -->

City of Orange – First Time Home Buyer Down Payment Assistance Program

by Scott Schang November 10, 2009 Down Payment Help

First Time Homebuyer Program
The First Time Homebuyer Program is currently being revised. Please call 714-288-2580 to be placed on the waiting list

0 comments Read the rest of this Article -->

City of Orange – Mortgage Credit Certificate (MCC)

by Scott Schang November 10, 2009 First Time Buyer Loans

Mortgage Credit Certificate Program Fact Sheet

The Mortgage Credit Certificate (MCC) Program enables first-time homebuyers to receive a federal income tax credit of 15% of the annual mortgage interest paid.
MCC’s reduce federal income tax, increase take-home pay, and increase the qualifying loan amount for homebuyers.
Program assistance is available only to income-eligible persons and families who have [...]

0 comments Read the rest of this Article -->

Riverside County First Time Home Buyer Mortgage Credit Certificate Program – MCC

by Scott Schang November 9, 2009 First Time Buyer Loans

The Riverside County Economic Development Agency (EDA) is launching the Mortgage Credit Certificate Program for future homebuyers within Riverside County. Our office will start accepting MCC applications from our approved lenders starting November 10, 2008.
Learn More

Mortgage Credit Certificate
A Mortgage Credit Certificate (MCC) entitles qualified home buyers to reduce the amount of their federal income tax [...]

0 comments Read the rest of this Article -->

City of Citrus Heights First Time Home Buyer’s Assistance

by Scott Schang November 5, 2009 Down Payment Help

Updated today 3/9/09: I called today, funding is available.
First-Time Home Buyer Program
The City of Citrus Heights First-Time Home Buyer Program is available to purchase a home in the City of Citrus Heights. To help you with your down-payment and closing costs, we provide you with a second mortgage of up to $40,000 with fully-deferred payments. [...]

0 comments Read the rest of this Article -->

City of Emeryville First Time Home Buyer’s Assistance Program

by Scott Schang November 5, 2009 Down Payment Help

First Time Homebuyers Program
The Emeryville Redevelopment Agency’s First Time Homebuyers Program provides downpayment assistance to low and moderate income first-time homebuyers purchasing a home in Emeryville. This downpayment assistance is in the form of a low-interest deferred payment loan. As loans are repaid, the funds are used to assist other low and moderate income households [...]

0 comments Read the rest of this Article -->

City of Foster City’s First Time Homebuyer Program, Mortgage Credit Certificate Program

by Scott Schang October 28, 2009 Down Payment Help

FIRST TIME HOMEBUYER PROGRAM
Program Eligibility1. Applicant(s) must be first time homebuyer(s)(may not have owned a home as theirprimary residence within 3 years prior toapplying for this program)2. Gross household income CANNOT exceedprogram income limits and applicant(s)assets cannot exceed the lesser of $100,000or 50% of the purchase price of the homeyou are buying
3. Applicant(s) must fall [...]

0 comments Read the rest of this Article -->

Ways and Means Committee Announce Hearing on Homebuyer Tax Credit

by Scott Schang October 19, 2009 Tax Credits

FROM THE COMMITTEE ON WAYS AND MEANS
SUBCOMMITTEE ON OVERSIGHT
FOR IMMEDIATE RELEASE
October 22, 2009
Lewis Announces Hearing on Administration of the First-Time Homebuyer Tax Credit
House Ways and Means Oversight Subcommittee Chairman John Lewis (D-GA) today announced that the Subcommittee on Oversight will hold a hearing on administration of the first-time homebuyer tax credit. The hearing will take [...]

0 comments Read the rest of this Article -->

An Introduction to CalSTRS, CalPERS & CHDAP Loan Programs

by Scott Schang July 30, 2009 Loan Programs

California’s Education Professionals, Public Employees and First Time Homebuyers have many resources available to assist in the purchase of a new home in today’s real estate market.
Following are links to the tools and resources we talked about in the live, on-line webinar.
DOWNLOAD WORKBOOK & NOTES FOR CLASS HERE

CalHFA
Loan Programs
California Housing Finance Agency – CHDAP

CalHFA
Interest [...]