No, homebuyers are not permitted to place the home under a trust while participating in the “My First Home” Down Payment Assistance Program.
FAQ Topic: My First Home Program FAQ
We average out earned income by previous pay periods and project the average for the remaining pay periods of the year.
Yes. Processing time for your application will increase to account for coordination between all parties involved.
We follow HUD guidelines for our low income category and the state’s Housing and Community Development guidelines for our moderate income category.
At the opening of escrow
No, multi-family properties, including duplexes, triplexes, and properties with additional habitable units are not allowed. We only allow owner occupied residences.
If the property being purchased was a rental property, a Seller’s Statement is required to declare that no individual was evicted before the sale.