Valley First Credit Union Middle Income Homebuyer Program

Valley First Credit Union Middle Income Homebuyer Program is a grant for homebuyers in Statewide, California. FHLB-SF Middle-Income Downpayment Assistance grant program. No repayment required if retention period maintained. Up to $50,000 grant for middle-income first-time homebuyers via FHLB-SF MDPA program, administered through Valley First Credit Union. This is a nationwide program, so it is available beyond a single state or city. Funding comes from Federal Home Loan Bank of San Francisco.

Valley First Credit Union Middle Income Homebuyer Program is structured as a grant, so it is not repaid. Repayment is triggered by FHLB-SF retention period (typically 5 years). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Valley First Credit Union Middle Income Homebuyer Program 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. A homebuyer education course is required, through Required - HUD-approved homebuyer education. Sourced via Homebuyer Wallet (MULTI250141). Must be first-time homebuyer. Available in AZ, CA, NV. Membership in Valley First CU required. Income up to 120% AMI.

Valley First Credit Union Middle Income Homebuyer Program limits household income to 1% of the area median income, which varies by county and household size. Middle-income (~120% AMI) per FHLB-SF schedules. 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.

Valley First Credit Union Middle Income Homebuyer Program can be used for Single-family, Condo, Townhouse.

Valley First Credit Union Middle Income Homebuyer Program is a nationwide program, so it is not limited to one state.

Applications for Valley First Credit Union Middle Income Homebuyer Program go through the administering agency. 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.