First Time Home Buyer Seminar Registration Form
 

Please enter your information below to see if you meet the basic criteria for the First Time Homebuyer's Down payment Assistance Program.  If you have a co-applicant, please fill out the co-applicant's information as well.  We will review and reply to you ASAP.

 

All applicants must have the following supporting documents. 


1)       2 yrs tax returns
2)       2 yrs W2 (if 1099, just the tax return is sufficient)
3)       Most recent pay stabs for past 2 months
4)       Most recent bank statements for past 2 months

 

Please bring a copy of these documents to the seminar to get pre-approved at the seminar.  Grants are available on a first-come-first-serve basis, this way we can expedite your application.


A sample qualifying matrix is provided to show you what is the loan amount you might be qualified for and what kind of property you can purchase in Inland Empire.  The qualifying amount on the matrix is based on certain assumptions.  Individual situations and additional qualifying criteria may affect the approval of the grant and the actual qualifying loan amount.

 

Riverside and San Bernardino Counties

 

 

 

 

 

FIRST TIME HOME BUYER'S DOWN PAYMENT ASSISTANCE PROGRAM

 

 

Down Payment Assistance Amount: $20,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Pre-requisites:

 

 

 

 

 

 

Applicant cannot have any current mortgages to qualify as first time home buyer.

 

 

 

Applicant must select the 30 years fixed rate fully amortized loan for the purchase.

 

 

 

 

 

 

 

 

 

 

 

Maximum Qualifying Annual Income

 

 

 

 

 

Family of 1-4 people

Family of 5 people

Family of 6 people

Family of 7 people

Family of 8+ people

 

 

 

 $                47,350

 $             51,150

 $             54,950

 $             58,700

 $                62,500

 

 

 

 

 

 

 

 

 

 

 

Sample Loan Qualifying Matrix For Family of 1-4 People (monthly debt numbers are fictitious for illustration purposes only)

Yearly Income

Monthly Income

Monthly Recurring Debt

Qualifying Loan Amt

DPA Grant

Qualifying Purchase Price

HOA

TAX

Others

$25,000

$2,083.33

 $             220.00

 $             300.00

 $                300.00

$105,356.70

$20,000

$125,356.70

$30,000

$2,500.00

 $             220.00

 $             300.00

 $                300.00

$140,104.96

$20,000

$160,104.96

$35,000

$2,916.67

 $             220.00

 $             300.00

 $                300.00

$174,853.21

$20,000

$194,853.21

$40,000

$3,333.33

 $             220.00

 $             300.00

 $                300.00

$209,601.46

$20,000

$229,601.46

$45,000

$3,750.00

 $             220.00

 $             300.00

 $                300.00

$244,349.72

$20,000

$264,349.72

$50,000

$4,166.67

 $             220.00

 $             300.00

 $                300.00

$279,097.97

$20,000

$299,097.97

$55,000

$4,583.33

 $             220.00

 $             300.00

 $                300.00

$313,846.22

$20,000

$333,846.22

$60,000

$5,000.00

 $             220.00

 $             300.00

 $                300.00

$348,594.47

$20,000

$368,594.47

 


First Time Homebuyer Required
Contact Information
First Name
Last Name
Year Born
Phone Number
Email Address
Street # 
Street Name 
Suite #
City 
Zip/Postal Code 
PO Box
State/Province 
Country 
Co-Applicant: First Name
Co-Applicant: Last Name
Co-Applicant: Year Born
Co-Applicant: Email Address
Co-Applicant: Address
Property Information
Number of Years At This Address
Own Or Rent?
Co-Applicant: Own or Rent?
Co-Applicant: Number of Years At This Address
Questions
Name of Employer
Type of Business
Adress of Employer, or "Self-Employed"?
Year(s) on This Job
Year(s) employed In This Line Of Profession
Position/Title
Monthly Income
Monthly Revolving Payments (Including Car Payment, Credit Card, Student Loans, Etc)
How Much Down Payment Are You Planning To Bring Into This Purchase?
Notes
Downpayment (Savings / Gift From Parents/Relative / Other?)
Co-Applicant: Name of Employer
Co-Applicant: Type of Business
Co-Applicant: Address of Employer or "Self-Employed"
Co-Applicant: Years On This Job
Co-Applicant: Years Employed In This Line Of Profession/Work
Co-Applicant: Position/Title
Co-Applicant: Monthly Income
Co-Applicant: Monthly Revolving Payments (Including Car Payment, Credit Card, Student Loans, Etc)