MIPA $60,000 or $35,000

작성자
이지락
작성일
2020-06-09 21:54
조회
189
 Who’s eligible
  • First-time homebuyers who have not had an ownership interest in any real property at any time during the last three years
  • U.S. Citizens, lawful permanent residents, or other qualified aliens
  • Applicants whose total household income of all of the adults, 18 years of age or older who will be living in the home, is at or below the income limits shown on the table below
Other Program Requirements
  • Applicants must attend an 8-hour, in-person Homebuyer Education Class given by one of our approved Providers
  • Applicants must contribute a minimum of 1% of the home price from their own funds as down payment. Some homebuyers may be required to contribute more than 1% toward the down payment
  • Homebuyers must occupy the home as their principal residence
  • If eligible, applicants who apply for this program may also be required to apply for MCC.
Loan Amount

We provide a loan of up to $60,000 for down payment, closing costs, and acquisition.  Up to $60,000 will be available for homebuyers earning between 81-120% Area Median Income (AMI) and up to $35,000 will be available for homebuyers earning between 121%-150% AMI.