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.
Please fill out our intake form here first. You will need your confirmation number and password to continue on and fill out the online application.
Then come back to this page and fill out our online application below: