The Home in Five Program is designed to help home-buyers purchase a newly-constructed or existing home by providing a below-market 30 year fixed interest rate with a 5.00% grant for closing cost and down payment assistance. This program is targeted to low and moderate income households, and loans will be made on a first-come, first-serve basis.
This program provides home-buyers with the opportunity to get into a home of their own with very little money out of pocket, if any, and the best thing is the free monies DO NOT have to be paid back.
Eligible Buyers:
1. First-time home buyers and qualified Veterans
2. Buyers must occupy the home as their primary residence
3. Household income may not exceed the limits shown below
4. Purchase prices are limited to the amounts shown below
5. Other buyers, who have owned a home during the past three
years, may only purchase a home in the targeted areas
6. Standard loan guidelines exist for qualification (i.e., adequate
income, acceptable credit, and down payment requirement)
Household Income Limits:
Non-Targeted Targeted
Area Area
1 or 2 persons $64,524 $74,203
3 or More 74,203 77,542
Purchase Price Limits:
Non-Targeted Targeted
Area Area
1 Family Residence $311,625 $380,875
Call or apply online to get qualified for your new home
TODAY before these funds run out!
