Comite de Bien Estar - Bienestar Housing Resource Center Down Payment & Closing Cost Assistance

Comite de Bien Estar - Bienestar Housing Resource Center Down Payment & Closing Cost Assistance is down payment assistance for homebuyers in San Luis, Arizona, administered by Comite de Bien Estar, Inc. - Bienestar Housing Resource Center (BHRC). The Bienestar Housing Resource Center, a division of Comite de Bien Estar in San Luis (Yuma County), is a HUD-style one-stop housing center that facilitates access to affordable homeownership for very-low- and low-income, primarily Spanish-speaking border families. BHRC provides first-time homebuyer counseling along with down payment and closing-cost assistance, plus a USDA-funded Mutual Self-Help (Ayuda Mutua) housing program in which participating families perform about 65% of the construction labor on their own homes to reduce cost. Bilingual financial literacy, pre-purchase education (8-10 hours), and foreclosure-intervention counseling round out the services. Funding comes from USDA Rural Development (Mutual Self-Help) and other housing/counseling funds; HUD-approved housing counseling agency.

Comite de Bien Estar - Bienestar Housing Resource Center Down Payment & Closing Cost Assistance is down payment assistance and is repaid under the terms set by Comite de Bien Estar, Inc. - Bienestar Housing Resource Center (BHRC). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Comite de Bien Estar - Bienestar Housing Resource Center Down Payment & Closing Cost Assistance is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Mutual Self-Help marketing notes basic qualification requires income and credit; specific minimum not published. A homebuyer education course is required, through Comite de Bien Estar / Bienestar Housing Resource Center (bilingual pre-purchase and post-purchase classes); eHomeAmerica online course. Residency requirement: Serves the San Luis / Yuma County border community. Targeted to very-low- and low-income border families in the San Luis / Yuma County area who lack access to conventional financing. Down payment and closing-cost assistance is delivered through HUD-approved housing counseling; the Mutual Self-Help (USDA Rural Development) track requires participants to contribute roughly 65% of construction labor on their own home. Pre-purchase homebuyer education (8-10 hours, bilingual) required for the homebuyer track. Specific assistance dollar amounts and lien terms are not published on the website.

Comite de Bien Estar - Bienestar Housing Resource Center Down Payment & Closing Cost Assistance sets its income limit as follows: Serves very-low- and low-income families (Mutual Self-Help follows USDA Rural Development income limits); specific table not published on the website. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Comite de Bien Estar - Bienestar Housing Resource Center Down Payment & Closing Cost Assistance can be used for Single-family detached and Self-help new construction (Mutual Self-Help / Ayuda Mutua). New construction is eligible.

Comite de Bien Estar - Bienestar Housing Resource Center Down Payment & Closing Cost Assistance serves homebuyers purchasing in San Luis, Arizona.

Applications for Comite de Bien Estar - Bienestar Housing Resource Center Down Payment & Closing Cost Assistance go through Comite de Bien Estar, Inc. - Bienestar Housing Resource Center (BHRC), which publishes the current terms and the application steps on its own site. Funds are reserved through Contact the Bienestar Housing Resource Center to enroll in counseling and assistance. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.