First Time Homebuyers Need Assistance With HOA Payments

First Time Homebuyers Need Assistance With HOA Payments

Don't be afraid of HOA payments when looking at purchasing a condominium anymore! There are assistance programs out there and we can help you find and apply for them.

C.A.R.’s Housing Affordability Fund’s Homeowners Association Grant Program will provide qualified first time California homebuyers up to six months of HOA dues, not to exceed $2,500.  C.A.R.’s Housing Affordability Fund’s has allocated one million dollars towards this program.

 

How to  qualify?
• Homebuyers must use a California REALTOR® in the transaction (REALTORS® must apply on behalf of their client) 
• Purchase a primary single family residence* in California with the intent to occupy the property as your primary residence for 2 years
• Be a first-time homebuyer*
• Buy a home with applicable HOA dues/fees
• You must have used financing to purchase the single-family dwelling 
• The purchase price of the Single-Family Dwelling* must not exceed 150% of the mortgage limit set by the FHA for one-family units in the county in which the Single-Family Dwelling* is located

Please note: HAF must receive all program requirements no later than thirty (30) days after closing escrow.


Sean Glaze Headshot
Author:
Phone: 626-975-4104
Dated: April 17th 2017
Views: 192
About Sean: I have been working in the family business of Real Estate my whole life and with Squire Realty since...

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626-239-1779
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