There is a program out there called MAP, County of Orange Mortgage Assistance Program.
To qualify, you must ...
- Be a first-time home buyer
- Depending on the number of household residents 18 and over...for a single person, they must make $52,100 or less. For 2 people they must make $59,500 or less combined, for 3 people living in the house, they must make $66,950 or less combined, 4 people is $74,400
- Be a U.S. Citizen or Permanent Resident Alien
- Must contribute 1% from your own funds
- Must complete homeownership education seminar
Here's what's awesome:
You only have to come up with 1% of the purchase price as opposed to FHA's 3.5%!
The program gives you $40,000 as a silent (deferred payment) downpayment assistance loan for lower-income makers for the participating cities of:
- Aliso Viejo
- Brea
- Cypress
- Dana Point
- La Palma
- Laguna Beach
- Laguna Hills
- Laguna Woods
- Los Alamitos
- Placentia
- Seal Beach
- Stanton
- Villa Park
- Yorba Linda
- County of Orange (unincorporated)
The unincorporated areas are:
- Anaheim Island
- Big Canyon
- Coto de Caza
- East Irvine
- El Modena
- Emerald Bay
- Ladera Ranch
- Las Flores
- Midway City
- Modjeska Canyon
- North Laguna Hills
- Orange Hills
- Orange Park Acres
- Rossmoor
- San Juan Hot Springs
- Santa Ana Heights
- Santiago Canyon
- Shady Canyon
- Silverado Canyon
- Sunset Beach
- Tonner Canyon
- Trabuco Canyon
- Trabuco Highlands
- Tustin Foothills
- Wagon Wheel
If you think you qualify, call...
NIC PETROSSI with Prudential (714) 272-3646 cell
Visit the website for more details....
Or my website to search homes in Orange County.........CLICK HERE
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