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Azusa DPAP

Down Payment Assitance Program (DPAP)


The City of Azusa has passed a resolution to help low to moderate wage earners that live or work in the city to purchase their first home.  It has been designed to meet the needs of low-income and moderate-income families with the necessary down payment assistance of up to $120,000. This program will provide a 2nd Trust Deed loan at 0% interest with all payments deferred until sale, transfer, refinancing, or full repayment of the first mortgage. Not all applicants will qualify. See below for basic guidelines.

Pillars of the community may be awarded up to $140,000 as a silent second. See below for basic guidelines.

Not all applicants will qualify. See below for basic guidelines.Pillars of the community may be awarded up to $140,000 as a silent second. See below for basic guidelines.

Coldwell Banker David Steven Company has been selected to administer this program for the city of Azusa. All applicants will be prescreened by our counselors to see if the basic qualifications are met. Qualified applicants will submitted for consideration to The City of Azusa for review by a loan comitee and final selection. Funds are limited, program is available only until the funds last.

Not all applicants will qualify. See below for basic guidelines.Pillars of the community may be awarded up to $140,000 as a silent second. See below for basic guidelines.

 

Below are summary infomation about
Azusa Down Payment Assitance Programs. 
Call one of our consultants and they will be 
happy  to assit you. We may be reached at
(626) 334-9300
Not all applicants will qualify,
see our consultants for qulifying details.



David Toyama
Broker
(626) 334-9300
(323) 259-1771
www.homenloan.com

 

 

 

 Downpayment Assistance Program (DPAP)
City of Azusa

General Eligibility Guidelines

  • Current resident of Azusa for at least 
  • Current Employee in Azusa
  • Must meet low to moderate income guidelines as established by HUD
  • Must not have owned a home for the last 5 years
  • Must apply for and meet CalHFA loan standards
  • Must apply for (MCC) Mortgage Credit Certificate
  • Must occupy the home as principle residence
  • Buyer must contribute at least 5% down payment
  • 2% of Dwon Payment must be Borrowers own funds
  • 3% of 5% downpayment can be in from other downpayment assitance programs such as CalHFA...
  • 8 hours of homebuyer education is required
  • Price limits apply
  • Income limits apply
  • Legal US Resident or Citizen

Other program restirictions and guidelines will apply, please subit DPAP eligibility form for complete details

DPAP Eligibility form

 

Pillars of The Community 
Downpayment Assistance Program (DPAP)
City of Azusa

Pillars of The Community include:

  • Full Time Credentialed K-12 teachers, counselors, vice principals, principals of Azusa Public Schools
  • Full Time K-12 teachers, counselors, vice principals, principals of Azusa Private Schools
  • Full time registered nurses and vocational nurses
  • Full time police officers
  • Adjunct professors of Azusa Pacific University and Citrus College
  • Full time firefighters
  • Individual who have a graduated from an accredited four year college (3) three years prior to their loan application.

Other program restirictions and guidelines will apply, please subit DPAP eligibility form for complete details

DPAP Eligibility form

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