Homebuyer Assistance Program

This program provides assistance in the form of a low interest, deferred second mortgage loan to assist low-income and moderate-income homebuyer purchase their home in the City of Imperial. 

Maximum Assistance

The Agency will loan qualified homebuyers up to $40,000 or 20% of home value depending on credit rating, income level, employment status, and debt ratios.

The Income limits for this program are adjusted by family size.  

Household size income limits for the year 2010 are:

AMI

1 Persons

2 Persons

3 Persons

4 Persons

5 Persons

6 Persons

7 Persons

8 Persons

Low-Income

$31,250

$35,700

$40,200

$44,650

$48,200

$51,800

$55,350

$58,950

Moderate-Income

$46,875

$53,550

$60,300

$66,975

$72,300

$77,700

$83,025

$88,425

IF YOUR INCOME IS BELOW THE AMOUNTS SHOWN ABOVE YOU ARE ELIGIBLE FOR THIS PROGRAM

Income limits will be updated annually as HCD provides new information. The link to the official HCD-maintained, income limits is: http://www.hcd.ca.gov/hpd/hrc/rep/state/incNote.html

The Program is only available to purchase a primary home. Participants must complete a home financing and budgeting workshop.

For more information, please contact Gracie Hauvermale at 760-355-3335 or via e-mail at ghauvermale@cityofimperial.org.

shadow