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