Local Credit Union Offers Groundbreaking Down Payment Assistance Program for First-Time Homebuyers

Estate Planning Mark Daya May 8, 2024

Local Credit Union Offers Groundbreaking Down Payment Assistance Program for First-Time Homebuyers

Owning a home is a dream for many, but the ever-increasing cost of housing, particularly the down payment, can turn that dream into a distant reality. If you're a first-time homebuyer in Sacramento and fall into the mid-income range, there's fantastic news! A local credit union has launched a groundbreaking down payment assistance program specifically designed to help you achieve homeownership.

This program offers a unique set of advantages that can significantly ease the financial burden of buying your first home. Here are the key highlights:

  • Up to $50,000 in FREE Down Payment Money:
    This isn't a typo! Eligible participants can receive up to $50,000 in free funds to put towards their down payment. This substantial contribution can dramatically reduce the amount of money you need upfront, making homeownership more attainable.

  • Streamlined Process with Minimal Red Tape:
    Unlike many traditional programs known for their complex application processes, this initiative boasts a simplified approach. The streamlined process minimizes red tape and ensures a hassle-free experience for applicants.

  • Flexible Household Income Requirements:
    The program recognizes that household income can vary depending on the number of people living in the home. This flexibility ensures that applicants with mid-income levels have a fair shot at qualifying. For example, a two-person household can qualify with a combined income ranging from $75,000 to $120,000.

  • Gift Funds Accepted for Your Contribution:
    The program requires a $10,000 down payment contribution from the applicant. However, to make this even more accessible, gift funds from family or friends can be used to meet this requirement.

  • Limited Funding Available, Act Quickly!
    While the program offers incredible benefits, it's important to note that funding is limited. With only $20 million allocated for this initiative, these funds are expected to be disbursed quickly. Don't miss out on this amazing opportunity – act fast and express your interest as soon as possible.

Are You Eligible?

This program is open to first-time homebuyers in Sacramento who haven't owned a home in the last 3 years.

Interested in Learning More?

If you're a mid-income, first-time homebuyer in Sacramento and this program sounds like the perfect fit for you, don't hesitate to reach out for more information. Contact us today to learn more about the application process and how you can benefit from this incredible opportunity to achieve your dream of homeownership.


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