...

Grand Ronde Tribal Housing Authority Down Payment Assistance Program

Special Alert

Program limited to enrolled members of the Confederated Tribes of Grand Ronde. Program is available Nationwide.

Maximum Purchase Price

Inquire for Details

Contact Info:

https://www.grandronde.org/ 28450 Tyee Road , Grand Ronde, OR 97347 503-879-2401

Limitations

Credit Score Requirements

Minimum Credit Score: 620

Deferred Payments?

Yes

Accepted First Mortgage Type:

Freddie Mac, Freddie Mac Home Possible, Fannie Mae, Fannie Mae HomeReady, HUD Section 184 (tribal), VA

Homeowners Education Class:

Required for FTHB

Is Forgivable?

Forgiven on a pro rata basis. See forgiveness schedule in Repayment Notes below.

Location:

51 States Program available nationwide.

Income Limitations:

Yes (including household income) Income limits from HUD 2022 80% AMI guidelines Must have an income of at least $24,000 to qualify.

Maximum Assistance

20% of Purchase Price up to $20,000 The down payment assistance grant cannot exceed 20% of the purchase price and closing costs, up to a maximum of $20,000. Previous grant participants who received the former max assistance amount of $10,000, may be eligible to receive the difference ($10,000) for the purchase of a new home.

Education Requirements Info:

First time homebuyer applicants are required to complete a homebuyer education program to learn about homeownership responsibilities prior to receiving the grant.

Eligible Property Types:

Single Family Detached Condo Manufactured Home Modular Home

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $63,000$72,000$81,000$90,000$97,200$104,400$111,600$118,800 *Income limits as of 05/26/2023

Qualifying Ratios:

Housing Ratio: Up To 30% Total DTI: Up To 50%
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.