Home News Victorville Offers Mortgage Assistance Program For First-Time Homebuyers

Victorville Offers Mortgage Assistance Program For First-Time Homebuyers

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VICTORVILLE, Calif.(VVNG.com)– Did you know the City of Victorville has a mortgage assistance program available?

If you are a first time home buyer and interested in buying a home within the City of Victorville you may qualify.

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The mortgage assistance program highlights are as follows:

  • Up to $55,000 for down payment and closing costs assistance.
  • No payments for 30 years with 3% interest loan.
  • Funds available on a first-come, first-serve basis with an acceptable purchase contract.

How to Qualify?

  • You must be a first-time homebuyer.
  • Your first mortgage has to be with a City of Victorville approved lender.
  • The property has to be your primary residence, located in Victorville.
  • Single-family homes, condominiums, and townhomes under $260,000 are eligible.
  • Borrower must contribute 1% of purchase price.
  • You must complete an 8-hour in-person first-time homebuyer education course.

 

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