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Housing Economic Recovery Ownership AKA HERO


HERO PROGRAM is pleased to annunce Effective February 2009

Program available to First Time Homebuyers

Must be vacant, abandoned, or Foreclosured Property in the designated Target Areas only.

Families up to 80% County Median Income, second Trust deed financing $ 75,000 or 25% of the purchase price, whichever is the least.

Down Payment Assistance is also available providing 6% for down payment and closing cost.

Maximum Purchase Price for Single Family Home is $ 493,000 and Condominium $ 394.250

15% discount fromthe current Appraised Value

A grant of up to $ 25,000 available to address code violations only

Participating Lenders Only

Contact HOP Unit at Sunset for further details

1-800-817-6903


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