If your home was destroyed or severely damaged in the recent wildfires, our 0% Down Loan Program could be for you. This program lowers the barrier to reentry for those seeking a permanent housing solution.
Program Details:
- No Down payment required
- Both homeowners and renters are eligible
- Must submit proof of insurance claim to determine eligibility.
- Other eligibility requirements apply; please contact us for more information.
- Primary residence only
- SFR and HUD approved condos.
- No location restrictions for new home
- The purchase location must comply with primary residence requirements, including any employment location stipulations.
*Not eligible in Guam, Puerto Rico, U.S Virgin islands, Hawaii Lava Zones 1 and 2.
- The purchase location must comply with primary residence requirements, including any employment location stipulations.
- Must apply within one year of FEMA disaster declaration
- Up to $1,209,000 eligible purchase price in LA County
- This program allows you to purchase properties in other counties while ensuring that the loan amount aligns with the specific loan limits of each respective county.
- No income restrictions
FAQ
What happens to my current mortgage?
Any existing mortgage payment obligations will need to be included in your new qualification process.
What if the property is listed above the county loan limit?
Any difference between the purchase price and the loan limit must be covered by the buyer through a contribution of a down payment
Am I required to purchase a property in the area where I previously resided?
The purchase location must comply with primary residence requirements, including any employment location stipulations.
How do I find out when FEMA declared my area a disaster?
Visit https://www.fema.gov/ for details regarding types of declarations, dates of incidents and covered areas.
