You may also view down payment assistance programs that are currently being offered in Orange County, CA. Upon receiving your request, we will match you with a mortgage lender that offers first time home buyer loans in California.
You will be provided with a free consultation, and the opportunity to get pre-approved for a mortgage. First time home buyers in Orange County, California may be eligible to receive down payment assistance. This includes a program that is offered throughout Orange County, as well as several down payment assistance programs that are offered exclusively in specific cities and towns in Orange County.
Additionally, there is a down payment assistance program available statewide. You can learn more about these programs below. Monthly payments are not required on the loan, and it only must be paid back once you sell the home, or no longer occupy the property as your primary residence.
To qualify for the assistance, you must meet the following requirements:. The money is provided as an interest free loan. To learn more about this program, visit the City of Santa Ana website. The funds are provided as an interest free loan. You do not have to make monthly payment on the loan. The money only must be paid back once you sell the home, or refinance your mortgage into a higher loan amount cash out refinance. To learn more about this program, visit the City of Brea website. The California Housing Finance Agency offers up to 3.
The funds are provided as a deferred payment loan, which does not have to be paid back until you sell the home. To learn more about this program, visit the California Housing Finance Agency website. A mortgage specialist can help you check your eligibility for down payment assistance. If you would like to receive some help checking what down payment assistance programs you may be eligible for, fill out this form.
We will match you with a mortgage lender that can help you see if you qualify for any down payment assistance. How much do I need for a down payment? The minimum down payment requirement will depend on the type of mortgage program.
FHA loans only require a 3. What is the maximum loan amount that I can qualify for? The amount that you will be allowed to borrow will depend mostly on your income, as well as the particular type of loan you are interested in. There are maximum loan limits for each type of mortgage program which are set at the county level. Conforming loan limits are the maximum loan amounts allowed for conventional mortgages.
FHA loans have their own loan limits. If the home is sold, refinanced or the borrower fails to occupy the home as their primary residence prior to years, repayment of the total loan amount is required. Courses are available online or in a classroom setting Residential Status Applicants must be a current Florida resident at least one year of residency required.
Non-Targeted Areas. Targeted Areas. Duplex Mobile Home Manufactured Home. Orange County. Lake County. Osceola County. Seminole County. City of Orlando. Below are the census tract numbers which identify targeted area within Orange, Lake, Osceola and Seminole Counties. Orange County Lake County If you remain in the property and do not rent, sell or convey ownership of the property during the lien period, the loan will be forgiven.
The lien will be forgiven and a satisfaction of mortgage will be recorded once the lien period is completed and the homeowner has complied with all requirements. Request Down Payment Assistance. Martin Luther King, Jr. Skip to main content. What Houses are Eligible? How Much Assistance is Available?
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