Housing Authority County of San Bernardino Homeownership Assistance Program

What is Housing Authority County of San Bernardino Homeownership Assistance Program?

Housing Authority County of San Bernardino Homeownership Assistance Program is a deferred second loan for homebuyers in San Bernardino County, California.

• Mortgage assistance for working families and disabled families to become homeowners. Up to 15 years for working families, up to 30 years for disabled families. Assists eligible HCV voucher participants.
• no monthly payments on DPA.
• Funding comes from Federal HUD.

Do you have to pay it back?

Housing Authority County of San Bernardino Homeownership Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Non-occupancy or income change.
• The assistance is recorded in Second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Housing Authority County of San Bernardino Homeownership Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Housing Authority County of San Bernardino Homeownership Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• Low income: household income ≤80% of Area Median Income (AMI).
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• 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?

Housing Authority County of San Bernardino Homeownership Assistance Program caps the purchase price as follows: Contact program for current purchase price limits.

• Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Housing Authority County of San Bernardino Homeownership Assistance Program serves buyers purchasing in San Bernardino County, California.

How do you apply?

Applications for Housing Authority County of San Bernardino Homeownership Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Contact provider directly; subject to funding availability, 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.