Grant Title: |
1st Time Homebuyers Financing Program Grant |
Due: |
Ongoing |
Amount Per Grant: |
Unspecified |
Eligibility: |
nonprofit entities |
Funding Purpose: |
2nd mortgages available to finance the difference between the maximum loan amount available and the actual purchase price of the home. The primary loan must be through approved lending institutions. The 2nd mortgage bears no interest for the first five years with no payments until year 6 when the loan converts to the interest rate of the primary loan with monthly payments through year 20. |
Funder: |
Unspecified |
Grant Type: |
Unspecified |
Total Funding: |
Unspecified |
Number Of Awards: |
Not specified |
Link To RFP: |
Go To RFP Link |
Other Eligibility Requirements: |
First time home buyers with income of no greater than 120% of the County's median income and having a minimum down payment of 3% of purchase price. Attendance in a home ownership training course is required. |
Funder Match Requirements: |
$0 |
CFDA#/ID#: |
Unspecified |
Letter of Intent |
Unspecified |
Letter of Intent Deadline |
Unspecified |
Additional Application Deadlines: |
None |
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