Homebuyer Program

Program Description:

The Homebuyer Program provides eligible low-moderate income homebuyers with a maximum of $10,000 (based on program affordability) for down payment and closing costs.  The funds will be in the form of a non-interest bearing loan, which will be repaid to Newcap upon the sale of the home or when it is no longer the primary residence. Applicants will be served on a first-ready, first-served basis as funds are available.  First-ready, first-served clients would have to have an accepted offer to purchase and funding approval from a financial institution. Provides low-moderate income homebuyers with down payment assistance through a non-interest-bearing loan.

The Down Payment Assistance Programs helps eligible homebuyers purchase affordable homes by providing a deferred loan that can be used as down payment.

Eligibility Guidelines:

Applicants must be at or below 80% of the current County Median Income. Use our eligibility calculator to find out if you may be eligible for this program. 

Application Process:

• Program applicants must first obtain a pre-approval letter from a local lender.
• Each applicant will also need to complete a homeowner education course.
• A program application will need to be completed along with income documentation to determine eligibility

.For further information and to request an application for the Homebuyer program, please contact John Opichka.

Please fill out our intake form here.