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Certified REO Listing Agent Specialist,
Certified Short Sale & Properties In Foreclosure Specialist.
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First Time Buyer's Down Payment Assistance
Opening Doors First-Time Buyers
Down Payment Assistance Program
The Opening Doors First-Time Buyer Down Payment Assistance Program is the Charity Foundation’s first major housing initiative. Our membership understands that the housing affordability crisis in southern California is a significant barrier to homeownership. For this reason, the “Opening Doors” program was created and is supported by PWR members.
Down Payment Assistance Program
The Opening Doors First-Time Buyer Down Payment Assistance Program is the Charity Foundation’s first major housing initiative. Our membership understands that the housing affordability crisis in southern California is a significant barrier to homeownership. For this reason, the “Opening Doors” program was created and is supported by PWR members.
Contact Us!
B: (714) 970-5478
M: (714) 457-2351
Ralph
DRE#: 01451026
Diana
DRE#: 01451027
The program’s objectives are to…
Including:
- Help “challenged but worthy” first-time buyers to bridge the down payment gap
- Educate buyers about the financial obligations of holding a mortgage, thus making the dream of home ownership a reality for families in northern Orange and southern Los Angeles counties
- Maximum income levels (1-2 buyers) $111,480 for Orange County & $99,360 for Los Angeles County.
- Maximum purchase prices is $637,645 for Orange and Los Angeles Counties
- Buyer must contribute 1% of the sales price from their own funds towards the down payment
- Buyer may not have owned any residence within the past 3 years
- Minimum credit score of 620
- Pre-approval from a direct lender, not a broker
- Minimum five-year fixed-rate loan, full documentation (no stated income)
- Applicants must be represented by a PWR REALTOR® member
- Property must be located within PWR’s jurisdiction
- Short-sales must have written bank approval.
Including:
Anaheim/Anaheim Hills, Brea, Buena Park, Cypress, Fullerton, Garden Grove, La Habra/La Habra Heights, La Mirada, La Palma, Lakewood, Long Beach, Los Alamitos, Norwalk, Orange, Pico Rivera, Placentia, Rossmoor, Santa Ana, Seal Beach, Signal Hill, Stanton, Tustin, Villa Park, Westminster, Whittier, and Yorba Linda.
Equal Housing Opportunity. Equal Opportunity Employer.