City of Auburn Mortgage Assistance Program (MAP)

City of Auburn Mortgage Assistance Program (MAP) is a grant for homebuyers in Auburn, New York, administered by Homsite Fund, Inc. (Cayuga County Homsite Development Corp.) on behalf of the City of Auburn. The City of Auburn, through its CDBG-funded Mortgage Assistance Program (MAP) administered by Homsite Fund, Inc., provides first-time homebuyers in the City of Auburn up to $3,000 toward down payment or closing cost assistance. Applicants must meet income guidelines, be pre-approved by a lender, and complete an approved homebuyer education course. Buyers who do not meet grant income guidelines or who purchase outside Auburn may instead qualify for a Homsite low-interest loan. Up to $3,000 grant toward down payment and/or closing costs. For first-time buyers in the City of Auburn. Funding comes from Federal CDBG funds administered by the City of Auburn.

City of Auburn Mortgage Assistance Program (MAP) offers up to $3,000 in assistance. Amounts are the program's published maximums, not an offer — Homsite Fund, Inc. (Cayuga County Homsite Development Corp.) on behalf of the City of Auburn determines any individual award.

City of Auburn Mortgage Assistance Program (MAP) is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Auburn Mortgage Assistance Program (MAP) 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 Approved homebuyer education course (Homsite Fund offers homebuyer education). Residency requirement: Home must be purchased within the City of Auburn. LOAN TERM: up to $3,000 DPA/closing-cost assistance provided as a grant (Homsite MAP) for first-time homebuyers in the City of Auburn; funded by City CDBG. Requires income eligibility, lender pre-approval, and completion of an approved homebuyer education course. ACTIVE: official City of Auburn CDBG Housing Assistance page (lists 'down payment help up to $3,000'). Separate Home Repair Assistance and Emergency Home Repair are rehab, not DPA.

City of Auburn Mortgage Assistance Program (MAP) sets its income limit as follows: Low- to moderate-income; applicants must meet HUD income limits. 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.

City of Auburn Mortgage Assistance Program (MAP) can be used for Single Family.

City of Auburn Mortgage Assistance Program (MAP) serves homebuyers purchasing in Auburn, New York. Targeted neighborhoods: City of Auburn only.

Applications for City of Auburn Mortgage Assistance Program (MAP) go through Homsite Fund, Inc. (Cayuga County Homsite Development Corp.) on behalf of the City of Auburn, which publishes the current terms and the application steps on its own site. 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.