If lack of downpayment or funds for closing costs are the main hurdle to buying a home, a state or local downpayment assistance program may be the answer! Most states, counties, and cities offer assistance in the form of grants or no-interest loans to help home shoppers pay for these costs.
Assistance is usually funded by state housing finance agencies, cities, counties, or nonprofits, although some employers also have programs.
The types of payment assistance vary by program, but they are most often geared toward first-time homebuyers and can be a:
Most down payment assistance programs target first-time home buyers, but many are open to repeat buyers! Most programs define a first-time buyer as one who hasn't owned a home within the past three years. Even if a program requires a first-time buyer, don't write it off because you once owned a home.
Some target specific groups, like educators, law enforcement, emergency responders, or city employees.
Requirements for qualifying vary, but generally, you must:
Here are some places you can check for programs:
Applying for a homebuyer assistance program is usually done with a mortgage application. Your mortgage professional can assist you with the process or let you know where to apply. Talk with your mortgage professional to understand the requirements to make sure everything is completed well before closing on your loan. Keep in mind that you may also have to take a home education course.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 235599
Real Estate Broker – CA Dept of Real Estate – Lic #01851459 – NMLS #235599
140 Litton Dr Suite 208
Grass Valley, California 95945
Nevada County Mortgage strives to ensure that its services are accessible to people with disabilities. Nevada County Mortgage has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Nevada County Mortgage makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows nevadacountymortgage.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Nevada County Mortgage accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Nevada County Mortgage continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Nevada County Mortgage website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Nevada County Mortgage website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: email@example.com