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%
