Down Payment Assistance

REACH provides assistance with down payment and closing costs to help clients purchase affordable existing or newly constructed homes. REACH loans are second mortgages that are non-repayable or repayable at 0, 1, or 2 percent interest. Recipients of REACH down payment assistance must occupy the home as the primary residence.

To be eligible to receive down payment assistance towards the purchase of a home, all clients must meet HUD’s criteria as a low – to – moderate income household. The maximum gross income limits (per household size) vary for each county within our service area.

All first time homebuyers must successfully complete homebuyer education & counseling in order to qualify for down payment assistance. A minimum of $500 of personal funds must be invested towards the purchase of the home.