Real estate blog entries tagged with low income by Donne Knudsen CalState Realty Services (Los Angeles & Ventura Counties in CA)

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Home : Blogs : Donne Knudsen CalState Realty Services : Los Angeles & Ventura Counties Real Estate & Mortgage News & Info : Tag "low income"

low income: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: New HERO Program Offers up to $75,000 for First Time Buyers - 03/11/09 03:45 PM

The Los Angeles County Community Development Commission (LACDC) has developed a new program called the Housing Economic Recovery Ownership (HERO) that offers eligible applicants interest free loans for up to $75,000. Payments for these "silent seconds" are deferred until the home is sold, refinanced, title transferred or no longer owner occupied. In other words, you don't have to pay back the money until you sell, refinance, move out or die.
So how does one qualify for this assistance? Well, here are some of the basic eligibility requirements:
Borrower(s) must be first time buyer(s) - no previous homeownership in the last three … (20 comments)

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