Homebuyer

The County’s Mortgage Assistance Program (MAP) provides silent (deferred payment) downpayment assistance loans to assist low-income first-time homebuyers (FTHB).  Eligible FTHB’s annual income must not exceed 80% of the Area Median Income (AMI).  The loans are designed to help with the down payment to purchase a home.  The 3% simple interest, deferred payment loan has a 30 year term and a maximum loan amount of $40,000.  Homebuyers must occupy the property as their primary residence.  There is a 1% minimum down payment requirement for this program and the total sales prices shall not exceed 85% of the Orange County median sales price for all homes, which as of April 2016 is $548,250 (85% of $645,000).  All applicants are required to attend a homebuyer education workshop. 

If you are interested in the obtaining more information or an application for the MAP program, please contact our administration for the program, Affordable Housing Clearinghouse at (949) 859-9255 or view their website at http://www.affordable-housing.org/.