Town of Apple Valley Down Payment Assistance Program

Cal me If I can help you, but here is some news you can use from the Town of Apple Valley

Town of Apple Valley
First Time Homebuyers- Down Payment Assistance Program

At this time, the Town continues to administer it's affordable housing programs. The Town of Apple Valley offers two programs to assist low, moderate and middle income homebuyers purchase their first home. The CalHome program is funded through the Housing and Emergency Shelter Trust Fund Act of 2006 to reduce the blight of vacant homes and expand the supply of affordable housing. Town assistance is provided to low-income homebuyers as a 0% interest loan, deferred for a maximum of 30 years.

The Neighborhood Stabilization Program Down Payment Assistance Program helps families buy foreclosed or abandoned homes within eligible Town areas. Town assistance is provided to low, moderate or middle income homebuyers as a 0% interest
loan, deferred for a maximum of 45 years. Funding is provided through the Housing and Economic Recovery act of 2008.

There are no monthly payments made on the deferred loans. Interested buyers should contact a Town approved participating lender to be pre-qualified for a conventional fixed-rate first mortgage. The lender will calculate the level of assistance to be provided by the Town before buyers meet with their realtor to select a home within an allowable price range in an eligible area.

Program details, lender list, eligible area maps, etc. can be found at www.avhousingprograms.org<http://www.avhousingprograms.org>. For more information, call 760 240-7000 ext. 7900 or email to avhousing@applevalley.org<mailto:avhousing@applevalley.org>.


Thanks,

Christopher Moore
Housing and Community Development Specialist

Town of Apple Valley
14955 Dale Evans Parkway
Apple Valley, CA 92307
760 240-7000 x 7921
760 240-7910 Fax
cmoore@applevalley.org