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WISH Program

Down Payment Assistance Grant

HIGHLIGHTS

  • Provides up to $15,000 for each participating household, matching up to $3 for each $1 contributed by the homebuyers

  • After 5 years total amount of grant is forgiven

  • Funds available on of first-come first-serve basis with an acceptable purchase contract

QUALIFYING CRITERIA

  • Application process allocates funds for homeownership based on program eligibility

  • Borrowers must be first-time homebuyers

  • Family must purchase in an LA & Orange County

  • Must qualify for a first mortgage with an approved lender

  • Borrower must occupy property as primary residence

  • Single-family detached homes, condominium, and town homes are eligible

  • Family must meet LA/Orange County income limits (80% of Countrywide Median):

INCOME GUIDELINES

Family size

LA

OC

1

$ 44,400

$ 52,100

2

$ 50,750

$ 59,500

3

$ 57,100

$ 66,950

4

$ 63,450

$ 74,400

5

$ 68,550

$ 80,350

6

$ 73,600

$ 86,300

7

$ 78,700

$ 92,250

8

$ 83,750

$ 98,200


FAMILY CONTRIBUTION

  • Borrower must contribute at least 3% of purchase price from his/her own resources

  • Complete first-time homebuyer education with NHS OC

Other restrictions apply. Please call 213) 380-3700 for more information
We offer the best variety of homeownership solutions for first-time homebuyers.
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