If you are thinking about buying a home, of course, you are considering various possibilities: both geographic where to buy and financial. From time to time there are different programs, and with one of them I would like to urgently introduce you. Information is often the most important thing.
You can get $ 20,000 for the initial investment when you receive a loan to buy a house or apartment for permanent residence. If you live in this house / apartment for 5 years, you will not have to pay this money.
There are certain limitations:
1. Real estate must be located in one of nine cities: Fremont, Oakland, Hayward, Antioch, Brentwood, Concord, Bay Point, Pittsburg, Richmond.
2. Income should not exceed a certain amount depending on the number of people in a family: one person – $ 78,550, two people – $ 89,800, three people – $ 101,000, four people – $ 112,200, five people – $ 121,200, six people – $ 130,200, seven people – $ 139,150, eight people – $ 148,150
3.You must have a job / income where you can get a loan to buy real estate
4. The cost of the house / apartment should not exceed $ 440,000
The amount allocated by the bank for this program is limited. Only 250 families will receive certificates for $ 20,000.