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The Purchase Assistance Program provides income-eligible first-time homebuyers with down payment and closing cost assistance to purchase a residential property in the City of Deerfield Beach. Assistance is in the form of a 0% interest deferred second loan that reverts to a grant if all program conditions are met. Search for counseling agencies, learn about predatory lending, and research other potential homebuyer assistance programs with theHUD-Approved Housing Counseling Agencies in California for Homebuyer Educationlist.
Please note TREC inspections will only be accepted if they were completed after construction. Once submitted, the City reviews all materials and will issue a Conditional Reservation Letter to accepted applicants. It includes important information about what you’ll need to include in order to submit that application.
Frequently Asked Questions - Applicants
Please be aware you are about to leave the City of Pompano Beach website and enter another site operated by a third party. These links are provided for your convenience and reference only. The City of Pompano Beach does not control such sites, and is not responsible for their content or the products and services offered therein. The City of Pompano Beach does not endorse and is not responsible for the content, products, or services available on other sites. Yes, assistance will be only given to properties located in the City of Deerfield Beach.
Home Preservation & Prevention CARES is a Housing and Urban Development approved housing counseling agency based in Long Beach. HPP CARES provide financial education on a range of topics from first home-buying and preventing foreclosure (mortgage relief & forbearance options), to the sound use of credit and effective debt management. The U.S. Department of Housing and Urban Development offers a variety of resources on fair housing issues, lists for lenders and real estate brokers, and homebuyer education information. Approximately 100 households will receive up to $20,000 in down payment and closing cost assistance. The path to home ownership begins with an assessment of client eligibility and credit through one of the Homebuyer Education and Housing Counseling Partners listed herein or Other Viable Entity as determined by the City including lending institutions. These organizations help clients identify “their” barriers to becoming a homeowner and assist to overcome those challenges in addition to helping obtain the required homeowner education and housing counseling certificates.
Homebuyer Programs & Resources
For more than 34 years, NHS has served communities across Los Angeles County and strengthened neighborhoods, helping to improve the quality of life for families in need. If you're looking to purchase a home, Housing & Neighborhood Preservation can connect you to a variety of educational resources and assistance programs to help you make this important investment. The DBHA maintains lists of resources on many types of local, state and national housing resources including homebuyer assistance and financial aid. In case homebuyer decease prior to the end of the affordability period.
An heir or heirs, provided they are income and otherwise eligible per HUD guidelines, may assume the property agreements. If no eligible heir or heirs is identified, the City has the right to seek recovery of the funds invested and may employ foreclosure. If working with a partner, the Client and the Partner should submit complete application packet to the City to request DPA to purchase your selected property. The city will determine if the purchase meets program guidelines.
Housing & Neighborhood Services
Community-based counseling agencies certified by HUD and approved by HPD to participate in the HomeFirst program will promote the program through newsletters, flyers, and seminars; distribute program guidelines; and enroll consumers in Homebuyer Education classes. The counseling agencies will also certify income eligibility for the Down Payment Assistance Program, counsel consumers about program requirements, certify completion of Homebuyer Education classes, and refer consumers to participating lenders for pre-approval. Contact any one of the following HPD-approved counseling agencies.
All applicants must agree to occupy the home as their primary residence. The potential homebuyer’s liquid assets cannot exceed $5,000 excluding necessary personal property such as furniture, automobiles, and clothing. The City then reviews these materials and places our loan assistance into underwriting. Meanwhile, the property will be inspected and given an environmental review.
If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. The COVID-19 Rental & Utilities Assistance Program provides rental assistance to eligible Deerfield Beach residents who have experienced loss of income, reduction in hours, or unemployment as a result of the COVID-19 pandemic. Assistance will only be provided for past due rents & utilities beginning on April 1, 2020 and onward. Eligible applicants must be able to continue to make payments and meet basic needs once assistance is provided. Assistance is based on need, household income, family size, and availability of funding. Existing construction – to purchase a viable single-family home in Daytona Beach $166,000 or less including cost of the lot, home inspection and rehabilitation ($7,500 or less) upon staff review and acceptance.
The Homebuyer Assistance Program requires that an applicant has a back-end ratio less than 45%. Obtain a homebuyer education class certificate through a HUD-Approved Agency. Applicants are required to work with one of the approved lenders on the list to be eligible. Read all of the information above about the program you are applying for. Make sure you understand all of the program eligibility requirements, including income and asset limits. This program provides eligible home buyers with a grant towards a down payment.
The maximum award amount is based on need, not to exceed income category limits as included in the application. Available funding is very limited, and state set-aside requirements apply. They can advise about properties that reasonably meets your income and debt characteristics.
Home you want to purchase pays taxes to the City of Houston. Homeownership is a dream for many Houstonians but out of reach for many residents. The City offers up to $30,000 to income-qualified residents. Please be aware when you travel from The City of Pompano Beach’s website to another site, whether through links The City of Pompano Beach provides or otherwise, you will be subject to the privacy policies, or lack thereof, of other sites. The City of Pompano Beach cautions you to use good judgment and to determine the privacy policy of 3rd party sites before you provide any personal information.
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