NEWCAP BLOGApr 12, 2017
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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.
Applicants must be at or below 80% of the current County Median Income, be bankable with a lending institution, and complete a Homebuyers Education Program. Use our eligibility calculator to find out if you may be eligible for this program.
Fill out an online application here:
Please also fill out of Intake Form here.