http://www.longbeach.gov/cd/neighborhood_services/nsp2.asp
NSP2 First-Time Homebuyer Assistance Program
Your First Home Is Just A Few Steps Away
The City of Long Beach is partnering with select local lenders and realtors to bring you the Neighborhood Stabilization Program 2 (NSP2) a First-Time Homebuyer Assistance Program.
If you’re a first-time homebuyer, through NSP2 you may qualify for a second silent mortgage loan of up to $200,000 to assist with the purchase of a foreclosed, single-family home in the City of Long Beach. Plus, you may also qualify for up to $40,000 in grant funding for code-related repairs, energy-efficiency home improvements and closing cost assistance.
WHAT PROPERTIES ARE ELIGIBLE?
Foreclosed single-family detached homes or condominiums located within an eligible NSP2 area. Click here to view the NSP2 project area map
DO YOU QUALIFY FOR THE NSP2 PROGRAM?
- Applicant may not have owned a home in the last three years.
- Applicant must attend and complete an 8-hour Homebuyer Education Class.
- Borrower must occupy the property as their primary residence.
- The total projected annual adjusted gross income of all adults 18 years of age or older who will be living in the home must be at or below the limits shown in the table below.
For more information go to the following website http://www.longbeach.gov/cd/neighborhood_services/nsp2.asp
Fred Sweezer Sr.
Certified Property Inspector
1-562-234-2689
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