The Workforce Initiative Subsidy for Homeownership (WISH) Program provides grants to qualified homebuyers living in high-cost areas to enable them to purchase homes near their work. Under the WISH Program, the bank will provide up to $15,000 per household, matching up to $3 for every dollar contributed by the homeowner toward the purchase of the home. WISH funds must be used only toward down payment or closing costs in connection with the purchase of a housing unit to be used as the homebuyer's primary residence. Terms for participation include: completion of a mortgage assistance program administered by a public or private entity; a household income of the homebuyer at 80% or less of the HUD area median income; contribution of at least 1% of the purchase price from their own funds; and completion of an approved homebuyer counseling program. For information on the Federal Home Loan Bank of San Francisco
Sphere: Related ContentWednesday, September 9, 2009
Wednesday, January 23, 2008
$60,000 If Your Mortgage Payments Are Over 60 Days Due
the Pennsylvania Housing Finance Agency offers state residents a loan program designed to protect citizens who, through no fault of their own, are financially unable to make their mortgage payments and are in danger of losing their homes to foreclosure. Participants in the Homeowners' Emergency Mortgage Assistance Program receive loans to help bring delinquent payments current. Continuing monthly assistance may be available as well. Total financial assistance maximum is $60,000, or 24 months of payments. Participants are expected to contribute $25 per month for payments during the term of the loan. Contact: Pennsylvania Housing Finance Agency, 211 North Front Street, P.O. Box 15530, Harrisburg, PA 17105-5530. Phone: 800-342-2397
Sphere: Related ContentTuesday, November 27, 2007
Free Money To Prevent Foreclosure
Visit: http://www.mlesko.com/
The Hope Now alliance is offering help to homeowners who may be having trouble meeting their mortgage payments. The organization, which is backed by the Bush administration, will mail 300,000 of the one-page letters before the end of next week. The letters urge the recipients to seek information on the options available to avoid defaulting on their mortgages. Homeowners can also find out about relief options that may include repayment plans, changes that can be made to the terms of a loan and other alternatives for which homeowners may be eligible on the organization’s website: http://www.hopenow.com/ or by calling 888-995-HOPE.
Income Eligibility: None
