YES! There are Douglas County grants available.
Douglas County officials are working to identify, acquire, rehabilitate and market previously foreclosed or abandoned property.
This program will help individuals and families realize the dream of homeownership. In conjunction with purchasing NSP homes, buyers may receive down payment assistance and closing costs in the form of a deferred second mortgage.
How do I know if I meet the income qualifications? A. Your total household income based on family size must be less than the incomes listed on the following chart:
Family Size Maximum Income
1 $60,250
2 $68,850
3 $77,450
4 $86,050
5 $92,900
6 $99,800
7 $106,700
What are the other eligibility qualifications?
A. In order to be eligible, the buyers must:
1. Be a U.S. citizen, qualified alien or a non-immigrant.
2. Meet income qualifications. See chart above.
3. Qualify for a mortgage for the purchase of the home and provide the required documentation necessary to meet the NSP program requirements and obtain mortgage loan approval from an approved lender.
4. Obtain a certificate of completion of an 8 hour homebuyer education course from HUD approved housing counseling agency.
5. Secure an executed real estate contract on the property to be purchased.
6. Purchase an NSP home as your primary residence.
What benefits are available to the buyer?
A. Buyers will benefit in the following ways:
1. “Move-in” ready homes.
2. Attractive pricing – no profit to the seller can be included in the sale price.
3. Another opportunity to reduce your payments: a zero percent second
mortgage loan for down payment assistance and closing costs for the purchase of the home. Approved on a case-by-case basis only. NOTE: the NSP second mortgage loan is due in full upon sale, refinancing, or when home is no longer owner occupied.
4. Not just for first-time homebuyers. |