There are only these few requirements to be eligible for down payment assistance. Eligibility Requirements for down payment assistance:
• You can not earn more than the income
limits listed in the income
table (link to income table) below, subject to change annually. These figures are you
GROSS income - before taxes.
• You may not have owned a home for the
last three years, unless you are a displaced
homemaker, or your home has been determined to be substandard.
• You must occupy the home that you buy.
• In order to qualify for down payment
assistance, the home you buy must be within the
city limits and can not be mobile or modular.
• You must contribute $500 of your own funds
Find out what down payment assistance Covers: