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

Staff Writer

Wednesday, December 7th, 2016

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.

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