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The Purchase Assistance Program provides income-eligible first-time homebuyers with down payment and closing cost assistance to purchase a residential property in the City of Deerfield Beach. Assistance is in the form of a 0% interest deferred second loan that reverts to a grant if all program conditions are met. Search for counseling agencies, learn about predatory lending, and research other potential homebuyer assistance programs with theHUD-Approved Housing Counseling Agencies in California for Homebuyer Educationlist.
Please note TREC inspections will only be accepted if they were completed after construction. Once submitted, the City reviews all materials and will issue a Conditional Reservation Letter to accepted applicants. It includes important information about what you’ll need to include in order to submit that application.
Frequently Asked Questions - Applicants
Please be aware you are about to leave the City of Pompano Beach website and enter another site operated by a third party. These links are provided for your convenience and reference only. The City of Pompano Beach does not control such sites, and is not responsible for their content or the products and services offered therein. The City of Pompano Beach does not endorse and is not responsible for the content, products, or services available on other sites. Yes, assistance will be only given to properties located in the City of Deerfield Beach.
If the buyer sells or moves out of the home before the end of five years, they will pay back the City for a portion of the original loan amount. To qualify for our programs, you need to plan to buy a one- to three-family residential property or condominium in Boston. The total budget for the Community Participation Grant program is subject to approval annually during the City's budgeting process. The amount of grants awarded is at the discretion of the City Commission and based on the availability of the funds.
Homebuyer Programs & Resources
For more than 34 years, NHS has served communities across Los Angeles County and strengthened neighborhoods, helping to improve the quality of life for families in need. If you're looking to purchase a home, Housing & Neighborhood Preservation can connect you to a variety of educational resources and assistance programs to help you make this important investment. The DBHA maintains lists of resources on many types of local, state and national housing resources including homebuyer assistance and financial aid. In case homebuyer decease prior to the end of the affordability period.
An heir or heirs, provided they are income and otherwise eligible per HUD guidelines, may assume the property agreements. If no eligible heir or heirs is identified, the City has the right to seek recovery of the funds invested and may employ foreclosure. If working with a partner, the Client and the Partner should submit complete application packet to the City to request DPA to purchase your selected property. The city will determine if the purchase meets program guidelines.
Housing & Neighborhood Services
The Homebuyer Assistance Program takes about six weeks, provided there are no external delays. Please note that the six weeks is measured from the time the applicant submits a complete application. Individuals may also qualify for down payment assistance or, if a veteran seeking a VA loan, a closing cost assistance grant. To see if you qualify for a Virginia Housing program, click here. The homebuyer education counselors will be available to assist program participants throughout the home buying process.
All applicants must agree to occupy the home as their primary residence. The potential homebuyer’s liquid assets cannot exceed $5,000 excluding necessary personal property such as furniture, automobiles, and clothing. The City then reviews these materials and places our loan assistance into underwriting. Meanwhile, the property will be inspected and given an environmental review.
If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. The COVID-19 Rental & Utilities Assistance Program provides rental assistance to eligible Deerfield Beach residents who have experienced loss of income, reduction in hours, or unemployment as a result of the COVID-19 pandemic. Assistance will only be provided for past due rents & utilities beginning on April 1, 2020 and onward. Eligible applicants must be able to continue to make payments and meet basic needs once assistance is provided. Assistance is based on need, household income, family size, and availability of funding. Existing construction – to purchase a viable single-family home in Daytona Beach $166,000 or less including cost of the lot, home inspection and rehabilitation ($7,500 or less) upon staff review and acceptance.
Eligible expenses include business lease or mortgage payments, utility payments, debt payments, payroll, and inventory. The goal of the program is to support the business community's efforts to remain viable and maintain staffing during the pandemic. The First Time Home Buyer program provides funding to eligible first time home buyers to purchase a home. Funding will be used to pay all or a portion of the costs and/or down payment required for the purchase. Applications are awarded in order of the first completed and verified application. For an application and more information click on the links below.
The maximum award amount is based on need, not to exceed income category limits as included in the application. Available funding is very limited, and state set-aside requirements apply. They can advise about properties that reasonably meets your income and debt characteristics.
Home you want to purchase pays taxes to the City of Houston. Homeownership is a dream for many Houstonians but out of reach for many residents. The City offers up to $30,000 to income-qualified residents. Please be aware when you travel from The City of Pompano Beach’s website to another site, whether through links The City of Pompano Beach provides or otherwise, you will be subject to the privacy policies, or lack thereof, of other sites. The City of Pompano Beach cautions you to use good judgment and to determine the privacy policy of 3rd party sites before you provide any personal information.
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