Share

City of Victorville Offering Down Payment Assistance up to $55,000

VICTORVILLE – Are you looking to purchase a Victorville home?  Are the down payment and closing costs stopping you? The City of Victorville wants to help with down payment and closing cost assistance of up to $55,000 for first-time buyers. This is a loan that will not be payable for 30 years with 3% interest. This funding is available on a first come, first-serve basis for those who qualify.

To qualify the first mortgage must be with a City of Victorville approved lender and the property must be a primary residence. Property value must not exceed $260,000 and single-family homes, condominiums, and townhomes are all eligible. The borrower must contribute 1% of the purchase price and must attend an 8-hour first-time buyer education class.

In order to be considered, you should first contact a Victorville approved lender, these include; Benjamin Lee at Choice Lending (760) 245-9433, Craig Kelleher at Evergreen Home Loans at (760)240-8900, Vanessa Mac Millan at iMortgage.com (480)627-0100, Tom Gay at Mortgage Solution of CO, LLC (760)241-6101, Frank Castanos at Paramount Residential Mortgage at (760)245-7764, or Matt Moss at Regal Mortgage (760)843-8491. The City of Victorville staff will work with the lender to determine eligibility.

For late-breaking news, follow 24/7 Headline News on our Los Angeles County Facebook group, Riverside County Facebook groupInland Empire Facebook group. If you like what we are doing and want regular updates on your facebook stream like our Facebook Fan Page. You may also follow 24/7 Headline News on Twitter! 

 

 

Income Guidelines

For late-breaking news, join 24/7 Headline News on our Facebook Newsgroups for Los Angeles County NewsRiverside County News, Adelanto NewsCoachella Valley News, U.S./World News, Victor Valley/Inland Empire News. If you like what we are doing and want regular updates on your Facebook stream like our Facebook Fan Page. You may also follow 24/7 Headline News on Twitter and Instagram