Home Ownership Assistance Program

Down payment and closing cost assistance loans are available to homebuyers to reduce the amount of upfront money needed to purchase a home.
Homebuyers will be able to select one of two options if they qualify:

• Option One: a 10-year loan with a maximum amount up to $5,000 that is fully amortizing, with a 4% interest rate.
• Option Two:  a 10-year loan with a maximum amount up to $3,000, with a deferred period of five (5) years.  During the deferred period, the interest rate would be 0% with no payment due.  The remaining five years would be a fully-amortizing loan at 4% interest.