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

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Comite de Bien Estar - Bienestar Housing Resource Center Down Payment & Closing Cost Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Comite de Bien Estar / Bienestar Housing Resource Center (bilingual pre-purchase and post-purchase classes); eHomeAmerica online course..

2. 2

   Contact Comite de Bien Estar, Inc. - Bienestar Housing Resource Center (BHRC) to reserve funds

   Funds are reserved through Contact the Bienestar Housing Resource Center to enroll in counseling and assistance., and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.