Does this program follow FHA guidelines?
  • No. The Homebuyer Assistance Program sets and follows its internal guidelines. 
    • Our underwriting includes calculating the debt-to-income ratio, ensuring that there are no outstanding collections for government services or utilities, and verifying that there are no defaulted student loans.
  • Housing and Community Development Department

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1. Does this program follow FHA guidelines?
2. Is there a cost for the City’s inspection? What does this inspection include?
3. What is the environmental review, and why is it needed?
4. Is there mandatory training that lenders and realtors must take to participate in the program?
5. Who is the loan servicer?
6. Can the program funds be used to pay realtor commissions?