Homebuyer Program

Counties Served:

Program Description:
The Homebuyer Program may provide low-moderate income homebuyers with a maximum of $10,000 (based on program affordability) for down payment and closing costs.  The funds will be in the form of a non-interest bearing loan, which will be repaid to Newcap upon the sale of the home or when it is no longer the primary residence. Applicants will be served on a first-ready, first-served basis as funds are available.  First-ready, first-served clients would have to have an accepted offer to purchase and funding approval from a financial institution.

Eligibility Guidelines:
Applicants must be at or below 80% of the current County Median Income, be bankable with a local lending institution, and complete a Homebuyers Education Program. *Guidelines 

Application Process:
Fill out application and send back to Sarah Bauman.

Contact:

Deb Wiesner, Vice President of Asset Development: (800) 242-7334