HOMEBUYER ASSISTANCE

Many homes listed for sale on this site are connected to affordable housing programs that offer homebuyer assistance to support down payment and/or closing cost needs.

  • NSP - The Neighborhood Stabilization program provides up $25,000 in homebuyer assistance depending upon jurisdiction. Homebuyers can not exceed 120% AMI for this program.
  • HOME (CHDO) - The Federal HOME program provides homebuyer assistance strictly based upon borrower need and amounts vary depending upon jurisdiction.
  • Homes reserved exclusively Veterans provide homebuyers with assistance in the amount of 10% of the cost of the home.
  • All other ANDP homes purchased by veteran homebuyers will include up to $5,000 in assistance.

In all program instances, buyers must meet household income requirements. The table below provides a breakdown of maximum household income limits. Click HERE for specific program requirements.

 

*HUD Household Income Limits

# In Household

 

80%
Area Median Income

120%
Area Median Income

1

 

$37,800

$56,700

2

 

$43,200

$64,800

3

 

$48,600

$72,900

4

 

$54,000

$81,000

*HUD Income Limits change on an annual basis.

 

 

ADDITIONAL INFORMATION

Looking for additional down payment assistance information?

Visit www.DownPaymentResource.com for more programs. Visit the "For Homeowners" section of the page, enter the address of the home you are interested in purchasing and see a list of potential homebuyer assistance programs.

 



 
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