Placentia Homes First Time Home Buyer Assistance Program (MAP)

By
Real Estate Agent with TNG Real Estate Consultants

There is a program out there called MAP, County of Orange Mortgage Assistance Program.

To qualify, you must ...

  1. Be a first-time home buyer
  2. 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
  3. Be a U.S. Citizen or Permanent Resident Alien
  4. Must contribute 1% from your own funds
  5. 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....

http://www.affordable-housing.org/index.php/homebuyer-programs/downpayment-assistance/county-of-orange-mortgage-assistant-program-map/

 

 

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Tags:
first time home buyer programs
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Anonymous
Xiomara Herrera

Dear Sir/Madam,

I would like to know if I am a first time buyer and need the help of my son and wife to qualify; but they have already their first home, would I be disqualified for this program?  Thank you very much,

Xiomara Herrera

Mar 23, 2010 02:33 PM #1
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Rainmaker
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Nic Petrossi

NIC PETROSSI
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