First Time Homebuyer Mortgage Assistance Program (MAP)

First Time Homebuyer Mortgage Assistance Program (MAP)

The Mortgage Assistance Program (MAP) is a City of Oakland loan system, running jointly with participating lenders, to aid low and income that is moderate time homebuyers with all the purchase of domiciles into the City of Oakland. MAP loans offer support that fills the gap between exactly exactly just what a family group are able to afford therefore the cost.

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Applicant Demands

First-time homebuyer: Applicant(s) and spouse needs to be First Time Homebuyers that is understood to be somebody who has maybe maybe not owned their residence that is principal during past 3 years. Some exceptions may use.

Domestic money: candidates‘ yearly home earnings may well not go beyond 120% associated with region Median Income. Continue reading „First Time Homebuyer Mortgage Assistance Program (MAP)“