As a Realtor who is part of the Pacific West Association of Realtors (PWR), I am entitled to offer all of my first time buyers, or anyone who has not owned residence for the past three years, the opportunity to apply for PWR Opening Doors Down Payment assistance Program. The program will contribute funds towards the down payment of their home. In order to qualify for the funds the following requirements must be met:
1) Maximum income levels (2 buyers) $111,600 for Orange County & $90,960 for Los Angeles County.
2) Maximum purchase prices is $729,750 for Orange and Los Angeles Counties.
3) Buyer must contribute 1% of the sales price from their own funds towards the down payment.
4) Buyer may not have owned any residence within the past 3 years.
5) Minimum credit score of 620.
6) Pre-approval from a direct lender, not a broker.
7) Minimum five-year fixed-rate loan, full documentation (no stated income).
8) Buyer must be represented by a PWR Realtor® member who contributed to the PWR Charity Foundation in 2009.
9) Property must be located within PWR’s jurisdiction.
10) Short-sales excluded.
Click here to apply for the Opening Doors Program:
Fax in applications to (714) 780-1353
1) Maximum income levels (2 buyers) $111,600 for Orange County & $90,960 for Los Angeles County.
2) Maximum purchase prices is $729,750 for Orange and Los Angeles Counties.
3) Buyer must contribute 1% of the sales price from their own funds towards the down payment.
4) Buyer may not have owned any residence within the past 3 years.
5) Minimum credit score of 620.
6) Pre-approval from a direct lender, not a broker.
7) Minimum five-year fixed-rate loan, full documentation (no stated income).
8) Buyer must be represented by a PWR Realtor® member who contributed to the PWR Charity Foundation in 2009.
9) Property must be located within PWR’s jurisdiction.
10) Short-sales excluded.
Click here to apply for the Opening Doors Program:
Fax in applications to (714) 780-1353
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