Homeownership Assistance Program

Important Announcement: At this time the Housing Authority is not accepting homeownership assistance program applications.  We anticipate we'll resume this program late fall 2019.  

 

Housing Authority staff helps interested participants find an appropriate mortgage lender and work with the participant through the process of buying a home. In order to qualify to participate in the Homeownership Assistance Program, a person must:

  • Reside in San Bernardino County for at least 1 year before applying to the program.
  • Participate at least 1-year in the Housing Choice Voucher Program or Public Housing Program.
  • Be in good standing with the Housing Authority.
  • Have no previous home ownership history within the past 3 years.
  • Must be currently employed full time for at least 2 years earning more than $14,500 a year (2000 hours at Federal minimum wage). This requirement does not apply to disabled or elderly (62 years or older) participants.
  • Be credit worthy to secure their own mortgage financing through a lender, including no outstanding collection accounts, judgments or liens and at least 2 years since the discharge of a bankruptcy.
  • Have a gross household income of at least 2 times the HACSB payment standard for the unit size (this requirement does not apply to disabled or elderly participants).
  • Can contribute a total down payment of 3% of the purchase price. The program requires at least 1% of the down payment must come from the participant. The other 2% can be gifts, contributions and grants.

Once the family/individual has met the above homeownership eligibility criteria the home purchasers must complete a minimum of 8 hours of homebuyer’s education from a HUD-approved counseling program.

For more information, please refer to the Homeownership Assistance Program Factsheet.