Affordable Homeownership Grant Programs

The Community Development Commission (Commission) provides first-time homebuyer down payment assistance to low- and moderate- income households who are unable to purchase a new home. The homebuyer must meet credit underwriting criteria established by the lender providing the first mortgage loan, as well as, underwriting for the Commission. The Commission provides the financial assistance via a secondary mortgage, with all payments deferred until sale, transfer, or refinancing. The Commission shares in a percentage of the equity accumulated on the property, depending upon the circumstances that exist at the time of subsequent sale, transfer, or refinancing.

Eligibility Requirements • The applicant must meet the income eligibility requirements for the AHOP Program; • The applicant may not have held an ownership interest in a Principal Residence with in the past there years; • The applicant must occupy the acquired housing as a 'Principal Residence'; and • The applicant must attain homeownership counseling and education from an agency accredited and certified by the U. Adobe Cs6 Crack Milkman Books. S. Sekai No Owari Earth Rare. Department of Housing and Urban Development or National Reinvestment Corporation. All who will be named on title must attend this training and each person must present a certificate.

Mortgage Programs - Iowa Finance Authority.

2017 Maximum Annual Income Limits Person(s) in Household Maximum Annual Income 1 $50,500 2 $57,700 3 $64,900 4 $72,100 5 $77,900 6 $83,650 7 $89,450 8 or more $95,200.