Down Payment Assistance

GENERAL PROGRAM REQUIREMENTS:

• Minimum 620 Credit Score
• Maximum 49.99% Debt-to-Income Ratio
  
• Complete all requirements for Conventional or FHA loan

1. FIRST-TIME HOMEBUYER  – not owned a residential property in last three years (since date of application)
2. INCOME – household income equal or less than 140% of area median income (based on property location)
3. ZIP CODE OF HOME IS LOCATED IN AN UNDERSERVED CENSUS TRACT (entire zip code is eligible if any area is in an underserved census tract)
4. HERO STATUS (past / present / future) 
   – FIRST RESPONDER (police officer, firefighter, paramedic, EMT)
   – EDUCATOR (includes sunday school teacher, tutor, day care provider)
   – MEDICAL (nurse, doctor, phlebotomist, hospital worker)
   – CIVIL SERVANT (in federal, state, or local municipality)
   – MILITARY/VETERANS (including all active, reserve, and veterans of US Army, US Navy, US Air Force, US Marine Corps, US Coast Guard, US National Guard)